Each Nondefaulting Limited Partner shall have the right to fund its pro rata share (based on the proportion of its Capital Commitment to the aggregate of all Capital Commitments of all Nondefaulting Limited Partners) of the Delinquent Payment (each, a "Contributing Partner").
Defaulting Limited Partner has the meaning provided in Section 5.2(c) hereof.
Defaulting Partner shall have the meaning set forth in Section 9.1.
Defaulting Member the meaning set forth in Section 3.2(a).
Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.
Limited Partner means any Person named as a Limited Partner on Exhibit A attached hereto, and any Person who becomes a Substitute Limited Partner, in such Person’s capacity as a Limited Partner in the Partnership.
Defaulting Shareholder has the meaning set out in clause 16.7;
Equity Member means each member of the Respondent team that will contribute equity as part of the financing of the Project.
Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.
Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.
Managing Partner means KKR Management LLC, a Delaware limited liability company.
Majority in Interest of the Limited Partners means Limited Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners.
Defaulting Investor means any Investor that has (a) failed to make a payment required to be made by it under the terms of this Agreement within one (1) Business Day of the day such payment is required to be made by such Investor thereunder, (b) notified the Administrative Agent in writing that it does not intend to make any payment required to be made by it under the terms of this Agreement within one (1) Business Day of the day such payment is required to be made by such Investor thereunder or (c) become the subject of an Event of Bankruptcy.
Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).
Non-Managing Member means any Member other than the Managing Member.
Non-Defaulting Member means a Member who is not a Defaulting Member.
Defaulting Participant means a Participant which the Project Committee has declared to be in substantial breach of this Consortium Agreement or the PPP Allowance Agreement in accordance with Sections 3.5 and 6.5 of this Consortium Agreement;
Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.
General Partner Loan shall have the meaning set forth in Section 4.3.B.
Partnership Loan has the meaning provided in Section 5.2(c) hereof.
General Partner has the meaning set forth in the Preamble.
Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.
General Partners means all such Persons.