New Partnership definition

New Partnership means the successor of New US, LLP upon the consummation of the New Partnership Migration, which will become an exempted company incorporated with limited liability in the Cayman Islands.

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New Partnership. Recital (h) "NYSE" 2.2(g) (ii) "Operating Partnership" 9.3 "Operating Partnership Agreement" Recital (h) "Operating Partnership Transaction" 1.4 "PaineWebber" 3.2(n) "Partnership Merger" 5.1(d) "Person" 9.3 "Preferred Stock" 3.1

New Partnership means a partnership formed under clause 10 of this Agreement;

Examples of New Partnership in a sentence

If the Tax Matters Partner is not permitted to be the Partnership Representative under the New Partnership Audit Procedures, then the General Partner shall, in its discretion, appoint another Partner to serve as the Partnership Representative.
The Partnership Representative may, in its sole discretion, apportion any taxes (and related interest, penalties, claims, liabilities and expenses) imposed on the Partnership pursuant to the New Partnership Audit Procedures among the Partners and may withhold any such amounts from distributions made to any such Partner.
If distributions are insufficient to satisfy any amounts apportioned to any Partner with respect to the New Partnership Audit Procedures, such Partner shall indemnify and hold harmless the General Partner, the Partnership Representative and the Partnership for such amounts, which indemnity obligation shall survive the exchange or assignment of an Interest and the termination of this Agreement.
With respect to periods governed by the New Partnership Audit Procedures, to the extent permissible under the New Partnership Audit Procedures, the Managing Member, or such person designated by the Managing Member, shall be designated as the “partnership representative” (within the meaning of Section 6223 of the New Partnership Audit Procedures (the “Partnership Representative”).
To the extent that the Partnership Representative does not make an election to apply the alternative method provided by Section 6226 of the Code (or any analogous provision of state or local tax law), the Partnership Representative shall have the authority and discretion to determine the portion of any imputed underpayment (within the meaning of the New Partnership Audit Rules) allocable to each Member.

More Definitions of New Partnership

New Partnership means NPR Limited Partnership, a limited partnership that was formed under the laws of the Province of Alberta on October 18, 2010 pursuant to the New Partnership Agreement.

New Partnership means Crossroads/Memphis Partnership, L.P., a limited partnership in which the sole general partner is GP and the sole limited partners are the Companies, or any successor thereto in which the Borrower and the Subsidiary Guarantors are the sole partners and/or shareholders.

New Partnership has the meaning set forth in the first paragraph of this Agreement.

New Partnership is defined in Section 2.5(a) . “Non-Election” is defined in Section 2.3(e) . “NYSE” is defined in Section 2.3(c) . “Operating Partnership” is defined in the Preamble. “Order” means any award, judgment, injunction, consent, ruling, decree or order (whether temporary, preliminary or permanent) issued, adopted, granted, awarded or entered by any Governmental Entity or private arbitrator of competent jurisdiction. “Out-of-the-Money Option” is defined in Section 2.7(b) . “Ownership Limit” is defined in Section 3.21. “Parent” is defined in the Preamble. “Parent Disclosure Letter” is defined in Article IV. “Parent Instructions” is defined in Section 5.13(a) . “Parent Interest” is defined in Section 2.1(d) . “Parent Material Adverse Effect” means any change or effect that would mate- rially impair the ability of any Purchaser Party to timely consummate the transactions, or per- form any of its other obligations, contemplated by this Agreement. “Partnership Agreement” means the Limited Partnership Agreement, dated as April 21, 1994, of the Operating Partnership, as in effect on the date hereof. “Partnership Certificate of Merger” means one or more certificates of merger with respect to the Partnership Merger, containing the provisions required by, and executed in accordance with, the DRULPA. “Partnership Merger” is defined in Section 1.1(b) . “Partnership Merger Consideration” is defined in Section 2.2(a)(ii) . “Partnership Merger Effective Time” is defined in Section 1.3. “Partnership Unit” is defined in Section 3.3(b) . “Permitted Title Exceptions” is defined in Section 3.16(b) . “Per Share Cash Consideration” is defined in Section 2.1(a)(ii) .

New Partnership means Nexen Canada No. 1, a general partnership formed under the laws of Alberta;

New Partnership means FAM II Limited Partnership, which, if formed, will be a limited partnership and a direct or indirect Subsidiary of the REIT, established under the laws of the Province of Ontario to acquire and own the Acquisition Properties.

New Partnership is defined in the Letter Agreement.