Partnership Debt definition

Partnership Debt means a debt for which all the partners in a firm are jointly liable;

Partnership Debt has the meaning provided such term in Section 7.1(a).

Partnership Debt has the meaning set forth in Section 2.3.

Examples of Partnership Debt in a sentence

• The Operating Partnership Debt Securities will be issued in the form and will contain the terms set forth in an indenture (as amended or supplemented from time to time, the “Indenture”) by and among the Company, the Operating Partnership and a trustee.

• The notes evidencing the Operating Partnership Debt Securities will be duly executed by the Operating Partnership and will be duly authenticated by the trustee in accordance with the Indenture.

• The Operating Partnership Debt Securities will constitute legal, valid and binding obligations of the Operating Partnership, enforceable in accordance with all stated terms.

• The General Partner shall not incur any Debt other than that for which it may be liable in its capacity as General Partner of the Partnership (and other than any guarantee of Partnership Debt) or other assets provided below.

• The Partners acknowledge that, for purposes of Section 752 of the Code and in accordance with Treasury Regulation 1.752-3(a)(3), and consistent with allocations of other significant items of Partnership income or gain, 100% of the Partnership Debt shall be allocated pro rata among the Partners holding the Preferred Interests.

More Definitions of Partnership Debt

Partnership Debt means any indebtedness for borrowed money incurred by the Partnership.

Partnership Debt means the debt incurred by the Partnership to fund the distribution under Section 8.05, pursuant to Section 2.04(ii) of the Transaction Agreement.

Partnership Debt has the meaning set forth in Section 5.3(a).

Partnership Debt has the meaning set forth in the recitals.

Partnership Debt means the aggregate amount of all Indebtedness of the Partnerships.

Partnership Debt. ’ means a debt that has been incurred, or to the extent that it has 55

Partnership Debt means (i) all indebtedness of the Partnership for borrowed money, including borrowings of commodities, bankers' acceptances, letters of credit or letters of guarantee, (ii) all current liabilities of the Partnership evidenced by a note, bond, debenture or other evidence of debt, (iii) all obligations under leases that have been or should be, in accordance with applicable accounting rules, recorded as capital leases in respect of which such the Partnership is liable as lessee; and (iv) all obligations guaranteed by the Partnership, but shall not include (i) the Preferred Units of the LP; and (ii) deferred purchase price liabilities or obligations, earnouts, contingency payments, installment payments, seller notes, promissory notes, or similar liabilities and obligations, in each case, related to acquisitions by the Partnership in conducting the Business.