OZ Limited Partner definition

OZ Limited Partner means each of the Limited Partners other than the Ziff Partner and its transferees.
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Examples of OZ Limited Partner in a sentence

  • During the Restricted Period, no OZ Limited Partner shall be permitted to Transfer Class A Common Units unless, following the date of such Transfer, the relevant Individual Limited Partner and its Related Trusts continue to hold in the aggregate at least 25% of the Class A Common Units of such Partners that have vested on or before the date of such Transfer, without regard to dispositions (such requirements, the “Minimum Retained Ownership Requirements”).

  • During the Restricted Period, no OZ Limited Partner shall be permitted to Transfer Common Units unless, following the date of such Transfer, the relevant Individual Limited Partner and its Related Trusts continue to hold in the aggregate at least 25% of the Common Units of such Partners that have vested on or before the date of such Transfer, without regard to dispositions (such requirements, the “Minimum Retained Ownership Requirements”).

  • During the Restricted Period, no OZ Limited Partner shall be permitted to Transfer Class A Common Units unless, following the date of such Transfer, the relevant Individual Limited Partner and its Related Trusts continue to hold in the aggregate at least 25% of the Class A Common Units of such Partners that have vested on or before the date of such Transfer, without regard to dispositions (such requirements, the "Minimum Retained Ownership Requirements").

  • Such OZ Limited Partner owns good and marketable title to the Units, and such Units are free and clear of all mortgages, liens, pledges, security interests, charges, claims, restrictions and encumbrances of any nature whatsoever (“Liens”).

  • No consent or approval of any Person is or has been required on the part of such OZ Limited Partner in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, other than any such consents or approvals as have already been obtained and which are in full force and effect.

  • The execution, delivery and performance by such OZ Limited Partner of this Agreement and the consummation by such OZ Limited Partner of the transactions contemplated hereby are within such OZ Limited Partner’s power and authority and have been duly authorized by all necessary action on the part of such OZ Limited Partner.

  • No claim, legal action, suit, arbitration, governmental investigation, or other legal, judicial or administrative proceeding is pending or, to such OZ Limited Partner’s knowledge, threatened against such OZ Limited Partner which would reasonably be expected to prevent or delay the transactions contemplated hereby.

  • Each OZ Limited Partner (other than the Ziffs) agrees to invest 100% of the after-tax proceeds received by it in connection with the sale of Units pursuant to this Agreement in the Funds.

  • Subject to the terms and upon the conditions set forth herein, each OZ Limited Partner agrees to sell to each OZ Partnership, and each OZ Partnership agrees to purchase from each OZ Limited Partner, the number of Operating Group A Units in such OZ Partnership set forth opposite each OZ Limited Partner’s name on Schedule A under the “Firm Units” column (the “Firm Units”) at a price per Unit equal to the allocable portion of the Purchase Price.

  • Subject to the terms and upon the conditions set forth herein, each OZ Limited Partner agrees to sell to each OZ Partnership, and each OZ Partnership agrees to purchase from each OZ Limited Partner, the number of Operating Group A Units in such OZ Partnership set forth opposite each OZ Limited Partner's name on Schedule A under the "DIC Sahir Units" column (the "DIC Sahir Units") at a price per Unit equal to the allocable portion of the DIC Sahir Purchase Price.

Related to OZ Limited Partner

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • 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.

  • Original Limited Partner means any Person that is a Limited Partner as of the close of business on the date of the closing of the issuance of REIT Shares pursuant to the initial public offering of REIT Shares, and does not include any Assignee or other transferee, including, without limitation, any Substituted Limited Partner succeeding to all or any part of the Partnership Interest of any such Person.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all 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 Units (other than GP Units).

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.03 hereof.

  • Vote Limited Member means any Member who beneficially owns 5% or more of the outstanding Class A shares (excluding Masterworks Shares) submits a Vote Limit Certificate to the Board which designates such Member as a Vote Limited Member, either separately or jointly with one or more other Members.

  • General Partner has the meaning set forth in the Preamble.

  • Limited Partners means all such Persons.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Additional Limited Partner means a Person admitted to the Partnership as a Limited Partner pursuant to Section 10.4 and who is shown as such on the books and records of the Partnership.

  • Defaulting Limited Partner has the meaning provided in Section 5.2(c) hereof.

  • Organizational Limited Partner means Xxxxx X. Xxxxxxx.

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Single member limited liability company means a limited liability company that has one direct member.

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

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).