Examples of Partnership Board Approval in a sentence
Except as otherwise provided herein, the General Partner shall, following Partnership Board Approval, determine whether to make any available election pursuant to the Code.
In the event that a Limited Partner fails to pay any amounts owed to the Partnership pursuant to this Section 10.4 when due, the General Partner may, following Partnership Board Approval, elect to make the payment to the Partnership on behalf of such defaulting Limited Partner, and in such event shall be deemed to have loaned such amount to such defaulting Limited Partner and shall succeed to all rights and remedies of the Partnership as against such defaulting Limited Partner.
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 General Partner, following Partnership Board Approval as contemplated by Section 7.1(a), may from time to time issue LTIP Units to Persons who provide services to the Partnership, the General Partner or the Company, for such consideration as the Partnership Board Unitholders may determine to be appropriate, and admit such Persons as Limited Partners.
The terms of any Vesting Agreement may be modified by the General Partner (only following Partnership Board Approval), from time to time, subject to any restrictions on amendment imposed by the relevant Vesting Agreement or by the Equity Incentive Plan, if applicable.
The Partnership may maintain offices at such other place or places within or outside the State of Delaware as the General Partner, following Partnership Board Approval, deems advisable.
If there is no Partnership Board Approval for the admission of any permitted transferee as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement.
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.
The General Partner, following Partnership Board Approval, may change the name of the Partnership at any time and from time to time and shall notify the Limited Partners of such change in the next regular communication to the Limited Partners.
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