Examples of Master GP in a sentence
Transactions with the Master GPThe Master GP is related to the Trust by virtue of having officers and directors/trustees in common.
The Master GP held cash on behalf of the Master LP before the Master LP opened its bank account.
The remaining 50% of FSJ Aurora LP is indirectly owned by officers and trustees or directors of the Trust and the Master GP.
The allocation of the net proceeds received by the Master LP from the issuance of Master LP units between Investments LP units and Developments LP units is determined by the Master GP from time to time.
Trust unitholders are entitled, by way, and to the extent, of the Trust’s investment in Master LP units to a minimum non-compounded annual return of 7% of the net equity then outstanding and a return of capital before any amount is paid to the Master GP on account of the Master GP’s incentive management interest.
During the year ended December 31, 2015, the Trust paid a $148 expense on behalf of the Master GP and the Master GP received interest on funds held on the Master LP’s behalf in the amount of $90.
The remaining 50% of FSJ Aurora is indirectly owned by officers and trustees or directors of the Trust and the Master GP.
The Parties acknowledge that the obligations of the Limited Partner are not personally binding upon, nor shall recourse be had to, the property of any of its limited partners or the property of any successor or assign of any of its limited partners, and that recourse shall only be had to the property of the Limited Partner or the property of Lansdowne Master GP Inc., which is its sole general partner.
In consideration of ongoing services provided by the agents and sub-agents to the Trust, and as a further incentive to the agents or any sub-agents, the Master GP has agreed to pay to the agents or any sub- agents a trailer fee equal to 10% of any amounts realized by the Master GP in respect of its incentive management interest.
Subject to the provisions of the Relevant Agreements, as a result of the conflict of interest of OSEG, the City, as a party to the Master GP Shareholder Agreement, shall be entitled to make a decision as to the existence of a GP Event of Default, and exercise the remedies of the Limited Partner contained in this Agreement, including Section 6.2, in the event of such GP Event of Default.