OLP Interest definition

OLP Interest has the meaning assigned to such term in Item J2 of this Agreement.
Sample 1Sample 2
OLP Interest has the meaning assigned to such term in Section 2.3.
Sample 1Sample 2
OLP Interest has the meaning given such term in the Contribution Agreement.
Sample 1

Examples of OLP Interest in a sentence

  • TO HAVE AND TO HOLD the PAAI OLP Interest and the All American L.P. Interest unto the Partnership, its successors and assigns, together with all and singular the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement, forever.

  • The provisions of Section 4.2, Section 4.3 and Section 11.3 of the Partnership Agreement are hereby amended to permit (i) the conversion of the General Partner Interest into the General Partner Interest and the Transferred OLP Interest and (ii) the Transfer of the Transferred OLP Interest to the MLP, in each case without compliance with the provisions thereof.

  • This process has great potential for improving the marking of high-stakes examinations, not least because it facilitates item-level marking.A number of studies have shown that characteristics of the candidate, such as gender, ethnicity and even first or given name, can affect the marks awarded (reviewed by Meadows and Billington, 2005).

  • EEP hereby sells to MEP the MEP OLP Interest, and MEP hereby purchases the MEP OLP Interest from EEP.

  • Immediately following such contribution of such OLP Interest, the General Partner shall and does hereby cease to be a limited partner of the Operating Partnership and shall thereupon cease to have or exercise any right or power as a limited partner of the Operating Partnership, and the Operating Partnership is hereby continued without termination.

  • The Parties agree to execute, acknowledge and deliver all such additional deeds, assignments, bills of sale, conveyances, instruments and other documents and to do all such other acts and things, all in accordance with applicable law, as may be necessary or appropriate, to assure that all beneficial and record title to the MEP OLP Interest fully and effectively vests in MEP and its successors and assigns.

  • MEP acknowledges that the MEP OLP Interest will not be registered under the Securities Act or any applicable state securities laws, and that the MEP OLP Interest may not be transferred or sold except pursuant to the registration provisions of the Securities Act or pursuant to an applicable exemption therefrom, as applicable, and pursuant to state securities laws.

  • In consideration for ----------------------------------------- the contribution of the OLP Interest by Star Gas to the MLP, the MLP hereby (a) issues, grants, bargains, sells, conveys, transfers, sets over and delivers to Star Gas _____ Common Units (the "Exchange Units") and a 1.0% general partnership interest in the MLP.

  • Within thirty (30) days after receiving notice from City of revocation of this permit, Permittee shall, upon demand from City, at his/her/its sole cost and expense, remove all improvements installed by Permittee pursuant to this Permit, and shall restore the premises as nearly as practicable to its condition prior to such installation.

  • The aggregate purchase price for the MEP OLP Interest shall be an amount in cash equal to $350,000,000.00 (the “Consideration”) and shall be paid by MEP to EEP at the Closing (defined below) by wire transfer of immediately available funds to such account or accounts as EEP has previously designated in writing to MEP.

Related to OLP Interest

  • GP Interest means: (i) with respect to any limited partnership, a unit of general partnership interest in such partnership; and (ii) with respect to a McNeil Partnership, the units of general partnership interest held by the general partner of such McNeil Partnership and all of the rights in respect thereof, including not only the general partner's proportionate interest of the profits and losses of that McNeil Partnership based on the general partner's capital contribution but also the rights and other assets (if any) corresponding to such McNeil Partnership which are being contributed to the applicable New GP LLC at the direction of the Company in accordance with Article II hereof.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • 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.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Company Interest means the interest of a Member in Profits, Losses and Distributions.

  • LLC Interest means a membership interest or similar interest in a limited liability company.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Asset Interest is defined in Section 2.1(b).

  • Fractional Undivided Interest Means the fractional undivided interest in the Trust that is evidenced by a Certificate.

  • Undivided Interest means the undivided interest in the Trust evidenced by an Investor Certificate.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.