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

• Unless otherwise required by a final determination of the Internal Revenue Service, the Parties agree to act at all times in a manner consistent with this intended treatment of the Cash Consideration and the Partnership Debt, including disclosing the distribution of the Cash Consideration in accordance with the requirements of Section 1.707-3(c)(2) of the Treasury Regulations.

• Contributor shall reduce the aggregate amount of “capitalized lease obligations” (as defined in the Partnership Debt Documents) held by Kemmerer to no more than $12,000,000 as of the Closing Date.

• The Parties agree to act at all times in a manner consistent with this intended treatment of the Cash Consideration and the Partnership Debt, including disclosing the distribution of the Cash Consideration in accordance with the requirements of Section 1.707-3(c)(2) of the Treasury Regulations.

• Nothing contained herein shall be deemed to prohibit the General Partner from executing guarantees of Partnership Debt for which it would otherwise be liable in its capacity as General Partner.

• At the Effective Time, the Partnership shall use the net proceeds of the Partnership Debt to make a cash distribution to USANi Sub in the amount of $1,618,710,396.

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.