Major Partner definition

Major Partner means a partner having (together with its affiliates) a Partnership Interest at least equal to 25 percent.
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Major Partner means a Private Entity that has an ownership interest in excess of 25%
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Major Partner means, with respect to a limited liability company or joint venture, each firm, business organization or person that has an ownership interest therein in excess of five percent, un- less the department has provided an alternate definition that applies only to a specific project or series of projects;
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Examples of Major Partner in a sentence

  • The minutes of such meeting, which shall be prepared by a Partner designated at such meeting, shall be, when signed by each Major Partner, the official record of the decisions made by the Executive Committee and shall be binding on the Partners.

  • If all or part of a Partnership Interest is transferred, the transferor and transferee shall agree on the method of selection of the members previously appointed by such transferor, except that each Major Partner shall have the right to appoint at least one such member.

  • The transferring Partner and the transferee shall bear all tax consequences and shall reimburse all other reasonable out-of-pocket expenses of any Major Partner in connection with the transfer and the transferee, as of the effective date of the transfer, shall have agreed in writing in a form satisfactory to the other Partners to be bound by this Agreement (including this Article XI) to the same extent as the transferring Partner.

  • Except as otherwise provided herein, capital, whether cash or property, may not be distributed by or withdrawn from the Partnership without the consent of each Major Partner.

  • Except as otherwise provided herein, capital, ------- whether cash or property, may not be distributed by or withdrawn from the Partnership without the consent of each Major Partner.

  • The Major Partner's limited partnership interests in Two Penn Plaza Associates would be transferred to the Operating Partnership, as the assignee of Mendik/FW LLC of the Major Partner Agreement with respect to Two Penn Plaza Associates, in exchange for the number of Units set forth on Schedule A with respect to such transfers, in accordance with the terms of such Major Partner Agreement as the same may be hereafter amended, with the consent of Vornado (not to be unreasonably withheld or delayed).

  • The transferring Partner and the transferee shall bear all tax consequences and shall reimburse all other reasonable out-of-pocket expenses of any Major Partner in connection with the transfer and the transferee, as of the effective date of the transfer, shall have agreed in writing in a form satisfactory to the other Partners to be bound by this Agreement (including this Article XI) t the same extent as the transferring Partner.

  • The Mendik Group has delivered to Vornado complete and correct copies of (i) each Property Partnership Agreement, (ii) the Major Partner Agreements and (iii) the M/S Limited Partners Agreements.

  • Prior to the Closing Date, Mendik/FW LLC shall cause the Major Partner Agreements to be amended to allow for the consummation of the Transactions as contemplated by this Agreement, which amendments shall be in form and substance reasonably satisfactory to Vornado.

  • The transferring Partner and the transferee shall all tax consequences and shall reimburse all other reasonable out-of-pocket expenses of any Major Partner in connection with the transfer and the transferee, as of the effective date of the transfer, shall have agreed in writing in a form satisfactory to the other Partners to be bound by this Agreement (including this Article XI) to the same extent as the transferring Partner.


More Definitions of Major Partner

Major Partner means, with respect to a limited lia- bility company or joint venture, each firm, business organiza- tion or person that has an ownership interest therein in excess of five percent, unless the department has provided an alter- nate definition that applies only to a specific project or series of projects;
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Major Partner means, with respect to a limited lia- bility company or joint venture, each firm, business organiza-
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Major Partner means a Private Entity that has an ownership interest in excess of 25% in a Managing Entity, Ownership Entity, or Major Subcontractor, as applicable.
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Major Partner means, with respect to a limited liability company or joint venture, each firm, business organization or person that has an ownership interest therein in excess of 5%.¶
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Related to Major Partner

  • Lead Partner means the lead partner of a joint venture, as described in Sub-Clause

  • Selling Partner has the meaning set forth in Section 8.5.

  • Dating partner means any person involved in an intimate association with another individual that is primarily characterized by the expectation of affectionate involvement, whether casual, serious, or long-term.

  • Spouse or partner means a person (including same sex partners) who lives with the principal policy holder in a marital or de facto relationship.

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Business Partner means a legal entity that requires use of a training service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.

  • Tendering Partner shall have the meaning set forth in Section 8.6.A.

  • Former Partner means (i) with respect to a Partner that is a trust, a Partner that has ceased to be a Qualified Trust, and has become a Former Partner, pursuant to the terms of Section 1.78; (ii) with respect to a Partner that is an Entity, a Partner that has ceased to be a Qualified Entity, and has become a Former Partner, pursuant to the terms of Section 1.18; (iii) a Partner that has become a Bankrupt Partner and a Former Partner, pursuant to the terms of Section 1.7; (iv) a Partner that has become a Pledgor Partner and a Former Partner, pursuant to the terms of Section 1.74; and (v) a Partner that ceases to be a Participating Stockholder with respect to the Class B Shares of each Company in which the Partnership owns Class B Shares.

  • Departing Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or 11.2.

  • Co-licensed partner means a person who, with at least one other person, has the right to engage in

  • Non-Managing Member means any Member other than the Managing Member (except to the extent the Managing Member holds Non-Managing Member Units).

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Founding Member means any individual who is either:

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Exchanging Partner has the meaning set forth in Section 2.1 hereof.

  • Intimate partner means: (a) Spouses, or domestic partners; (b) former spouses, or former domestic partners; (c) persons who have a child in common regardless of whether they have been married or have lived together at any time; (d) adult persons presently or previously residing together who have or have had a dating relationship; (e) persons sixteen years of age or older who are presently residing together or who have resided together in the past and who have or have had a dating relationship; and (f) persons sixteen years of age or older with whom a person sixteen years of age or older has or has had a dating relationship.

  • Strategic Partner means a strategic partner described in 22 USC 8601 to 8606.

  • General Partner has the meaning set forth in the Preamble.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • Hosting Partners means companies who entered into an agreement with CIPC in the areas of application management; application hosting, application service provision, and marketplace hosting are incorporated in this category.

  • Consortium Member means a company specified in Recital (B) as a member of the Consortium;}