NPI Partnership definition
Examples of NPI Partnership in a sentence
The Managing Partner and its Affiliates shall be indemnified by the NPI Partnership against any losses, judgments, liabilities, expenses and amounts paid in settlement of any claims sustained by them in connection with the NPI Partnership, provided that the same were not the result of negligence or misconduct on the part of the Managing Partner or its Affiliates.
Such business and purpose shall include the doing of any and all things incident thereto or connected therewith, including the carrying on of the business of the NPI Partnership in the event of its termination if it is determined by the General Partner to be in the best interests of the Unit Holders.
Any sale, assignment or transfer shall be recognized by the NPI Partnership as effective on the date of such Notification if the date of such Notification is within 30 days of the date on which such Notification is filed with the NPI Partnership, and otherwise shall be recognized as effective on the date such Notification is filed with the NPI Partnership.
The balance of such Capital Contributions shall be held in the NPI Partnership Account to be applied to the payment of Property Acquisition Costs and, to the extent not payable out of Income or Investment Income, Direct Administrative Costs and other NPI Partnership costs (except General and Administrative Costs) allocable to the Limited Partnership; provided, however, that such funds may be temporarily invested prior to the payment of such costs in accordance with Section 9.3.
All expenses of the meetings, voting and such Notification shall be borne by the NPI Partnership.
In the event the Limited Partnership acquires a direct interest in a Producing Property, the General Partner shall be subject to the same limitations imposed upon the Managing Partner set forth in Section 4.3C of the NPI Partnership Agreement.
Considering the size of activities to beundertaken in rejuvenation of River Ganga, the cultural ethos of common public to the river and large scale involvement of masses in conservation of the ecological balance it is important to scale up the efforts of promoting the CGF.
The General Partner shall make available to any Unit Holder upon the Unit Holder's request, copies of any report filed by or on behalf of the Limited Partnership or the NPI Partnership with the Securities and Exchange Commission.
The Managing Partner shall furnish to the Limited Partnership sufficient information and data with respect to the properties and operations of the NPI Partnership in order to permit the Limited Partnership to satisfy its reporting obligations under Section 10.4 of the Limited Partnership Agreement.
The business and purpose of the Limited Partnership shall be to become a general partner in the NPI Partnership.