Examples of Partnership Board Approval in a sentence
No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or its place except upon Partnership Board Approval which may be given or withheld in their sole and absolute discretion.
On July 13, 2022, Celsius commenced its own chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York (the “ Celsius Chapter 11 Cases”).
Subject to Section 7.01(a) and Section 7.12 and Partnership Board Approval contemplated by Section 4.3(a), the General Partner may obtain any Additional Funds by causing the Partnership to incur Debt with the Company; provided, however, that the Partnership shall not incur any such Debt if (i) a breach, violation or default of such Debt would be deemed to occur by virtue of the transfer of any Partnership Interest, or (ii) such Debt is recourse to any Partner (unless the Partner otherwise agrees).
Transfers pursuant to this Article 11 may only be made on the first day of a fiscal quarter of the Partnership, unless the General Partner, following Partnership Board Approval, otherwise agrees.
Subject to Partnership Board Approval, the LTIP Unitholders shall, when, as and if authorized and declared by the General Partner out of assets legally available for that purpose, be entitled to receive distributions in an amount per LTIP Unit equal to the distributions per Class C Common Unit, paid to holders of Class C Common Units on such Partnership Record Date established by the General Partner with respect to such distribution.
The admission of any Person as an Additional Limited Partner shall become effective on the date upon which the name of such Person is recorded on the books and records of the Partnership, following receipt of Partnership Board Approval to such admission.
The General Partner, following Partnership Board Approval, shall have the right to seek to revoke any tax election it makes (including, without limitation, an election under Section 754 of the Code) upon the General Partner’s determination, following Partnership Board Approval, that such revocation is in the best interests of the Partners.
The name of the Partnership heretofore formed and continued hereby shall be NexPoint SFR Operating Partnership, L.P. The Partnership’s business may be conducted under any other name or names deemed advisable by the General Partner, following Partnership Board Approval.
In addition, their relationship to the US before the signing of the agreement was similar.
Examiners may want to coordinate such reviews with other field offices whose banks employ the same third party or firm for the same purpose.