Other Partnerships definition
Examples of Other Partnerships in a sentence
All of these partnerships will have funds to invest in loans at the same time as this Partnership (See "CONFLICTS OF INTEREST - Interest in Other Partnerships").
A Result Of The General Partners' Legal and Financial Obligations to Other Partnerships.........................................
The General Partner shall have no duty, express or implied, to sell or otherwise dispose of any asset of the Partnership or of the Other Partnerships, other than in the ordinary course of business.
NMLP, all NMLP Subsidiaries, all Other Partnerships, and all Partially Owned Limited Partnerships have made all required tax filings and have paid all federal, state and local taxes applicable to them and/or their respective assets, except if contested in accordance with Section 9.1.
Concurrently with the issuance thereof, copies of all written notices (excluding routine correspondence) given to the partners, owners, stockholders, and/or members, respectively, of NMLP and/or the Other Partnerships and/or any Partially Owned Limited Partnerships.
Notwithstanding the foregoing, the General Partner shall equitably adjust any amounts required to be paid pursuant to this Section 7.4.B. to reflect the fact that LXP and the General Partner are subject to similar obligations pursuant to the partnership agreements of the Other Partnerships.
Except for loans from NMLP to any NMLP Subsidiary, Other Partnerships, or as contemplated by the NMLP Obligations directly or indirectly, lend money or credit or make advances to any Person.
Notwithstanding the foregoing, the General Partner shall equitably adjust any amounts required to be paid pursuant to this Section 7.4.C. to reflect the fact that LXP and the General Partner are subject to similar obligations pursuant to the partnership agreements of the Other Partnerships.
Notwithstanding any other provision of this Agreement, the General Partner is authorized to take any action that it determines in its sole discretion to be necessary or appropriate to cause the Partnership and the Other Partnerships to comply with any withholding requirements established under the Code or any other federal, state or local law including, without limitation, pursuant to Sections 1441, 1442, 1445 and 1446 of the Code.
NMLP acknowledges that the determination by the Administrative Agent as to the Collateral was based upon an analysis of the assets owned by NMLP, the NMLP Subsidiaries, the pro-rata portion of the assets owned by the Other Partnerships and Partially Owned Limited Partnerships, and the assets owned by ▇▇▇▇▇▇▇ Group Entities that are parties to the NMLP Security Documents.