LP Percentage definition
Examples of LP Percentage in a sentence
At any time after the second anniversary of the Initial Closing Date, Limited Partners holding seventy-five percent (75%) or more of the LP Percentage Interests may deliver a General Partner Removal Notice to the General Partner stating that the General Partner shall be removed as the General Partner without the occurrence of an event of cause as described in Section 12.1(a).
The following Persons (or their replacements who have been approved by Limited Partners holding a majority of the LP Percentage Interests) shall be deemed to be the Key Persons (each a “Key Person”) with respect to the Partnership: ▇▇▇▇▇ ▇.
After the date of their respective formation, each of the following representations and warranties pertaining to an Acquiring Company shall also cover S&C Holdco 2, S&C Holdco 3, Cattleco Holdco, U.S. Acquisition Co., Brand Holdco and Australia Acquisition Co., as applicable, as of their respective date of formation through the time period that Acquisition LP acquires its Acquisition LP Percentage Interest.
The Investor hereby confirms the appointment of ▇▇▇▇▇ ▇▇▇▇ as the Designated Key Person; provided that, notwithstanding anything to the contrary in the Partnership Agreement, the General Partner will not appoint a new Designated Key Person unless such Designated Key Person is approved by the Investor, whether or not the Investor is holding a majority of the LP Percentage Interests at such time.
Any changes to the Board will be made in compliance with the Takeovers Code and the GEM Listing Rules and further announcement will be made accordingly.
The Capital Account attributable to any Limited Partner’s interest in the Partnership that is forfeited pursuant to Section 3.06, this Section 3.07 or otherwise hereunder shall be allocated to the remaining Limited Partners in accordance with their respective LP Percentage Interests.
Subject to the satisfaction of the Specified Partnership Holding Criteria, for purposes of this Agreement and the other Loan Documents (including for purposes of compliance with the Concentration Limitations), the Collateral Portfolio will be deemed to include the applicable Specified LP Percentage Share of each Collateral Loan and Eligible Investment owned by the Specified Partnerships as if each were owned by the Borrower directly.