Partnership Indebtedness definition
Examples of Partnership Indebtedness in a sentence
The General Partner shall distribute Rebalancing Contributions and Additional Amounts among the Partners that were admitted at prior closings in proportion to the difference between the Capital Contributions which each such Partner has already made for such Investments, Partnership Expenses and repayments of such Partnership Indebtedness and such Partner’s Pro Rata Share of such amounts after giving effect to such admission or increase.
The General Partner shall promptly notify UST and SIGTARP of the non-payment by the Partnership or any subsidiary thereof of any amount due in respect of Partnership Indebtedness.
For purposes of this Agreement, Capital Contributions initially made for the Working Capital Reserve shall be treated as having been made for the Investment, Partnership Expense or repayment of Partnership Indebtedness to the extent (and only to the extent) which such amounts were applied for such purpose.
For the avoidance of doubt, amounts in the Working Capital Reserve may only be applied to repay Partnership Indebtedness after the expiration or termination of the Investment Period with the prior written consent of UST.
Any agreement to make any contribution or to otherwise pay any amount and any assumption of liability, express or implied, contained in this Agreement, shall be only for the benefit of the Partners and their respective permitted successors and assigns, and such agreements and assumptions shall not inure to the benefit of the obligees under any Partnership Indebtedness or to any other Person.
At the Closing, the Partnership shall pay to Sellers the Partnership Indebtedness.
Purchaser shall pay, utilizing the entirety of the Closing Purchase Price, the Partnership Indebtedness to CMLG Corp, as Administrative Agent under the Lender Parties Facility.
Thereafter, at Closing Purchaser shall pay on behalf of the Partnership any Partnership Indebtedness.
The Banks hereby waive compliance by the Borrower and its ------ Subsidiaries with Section 6.10 of the Credit Agreement solely with respect to the Partnership Indebtedness.
Except as set forth in Schedule 4.01(a)(iv)(G), no Partnership Indebtedness (other than Partnership Indebtedness that will be satisfied and discharged on the Closing Date utilizing a portion of the Purchase Price to repay the same) contains any restriction upon (i) the prepayment of any of such Partnership Indebtedness, (ii) the incurrence of additional Indebtedness by the Partnership, or (iii) the ability of the Partnership to grant any Lien on its properties or assets.