Examples of Other Partner in a sentence
Furthermore, it shall not apply if such act or omission occurred as a consequence of the Other Partner acting in accordance with the instructions or requests of the First Partner or the Partnership Board.
Such purchase of the Other Partner's Partnership Interest, to be for cash at a price equal to the total unreturned Capital Contributions (plus any unreimbursed Partnership expenses, including any Tender Costs, of such Other Partner) by such Other Partner through the date of purchase, shall close within five Business Days of the determination by the Other Partner not to increase the price of the Offer.
In the event one Partner (the "Increasing Partner") desires to increase the price of the Offer under this Article III and the other Partner does not agree within two Business Days to such increase (the "Other Partner"), then the Other Partner shall sell its Partnership Interest to a third party designated by the Increasing Partner.
In case the scope of work of the respective partner of the Joint Venture/ Consortium is not defined, the work experience of the Lead Partner and Other Partner shall be considered as 50% and 25% respectively of the scope of work awarded to them.
Clause 16.1 shall only apply to the extent that the acts or omissions of the Other Partner contributed to the relevant Loss.