Examples of Outside Partner in a sentence
Any Offered Interests or Options Interests shall first be allocated to members of the Family Group (the "Original Holders") (i) in which the Selling Partner is the Initial Limited Partner or a Family Member, or (ii) if the Selling Partner is an Outside Partner, from which the Selling Partner, or his, her or its predecessors in interest, acquired such Offered Interests or Option Interests, to the extent such Original Holders have elected to purchase the Offered Interests or Option Interests.
If a Selling Partner or Outside Partner (for purposes of this Section 1.52, the "Objecting Party") does not provide written objections to Partnership concerning the Initial Value set forth in the Valuation Notice within 10 days after the date of such Valuation Notice, the Purchase Price shall be equal to the Initial Value.
With respect to the initiation by any Outside Partner or any buy/sell, forced sale or marketing process under any Outside Partnership Agreement, the determination on behalf of the Company or applicable Subsidiary Entity that is the partner in the applicable Outside Partnership of the election to be made in response to the initiation of such process (i.e., the election to buy, or to sell or to choose such other option as may be permitted under the applicable Underlying Partnership Documents).
Purchase or otherwise acquire the interest of any Outside Partner in any Partnership in any other manner, subject to the terms set forth in Section 9.8.
If the granting or recording of a JRI Option Agreement is prohibited by the terms of the relevant Continuing Loan or, in the case of a Partial Property, the terms of the organizational documents of the Partial Property Owner, JRI will be responsible for obtaining any required consent of the lender for that Continuing Loan or the relevant Outside Partner, as the case may be, prior to the granting or recording of such JRI Option Agreement, as applicable.