Partnership Interests definition

Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

Partnership Interests is defined in the Partnership Agreement.

Partnership Interests shall have the meaning given to such term in Section 5.1.

Examples of Partnership Interests in a sentence

• All Partnership Interests shall constitute personal property of the owner thereof for all purposes.

• All Partnership Interests shall constitute personal property of the owner thereof for all purposes and a Partner has no interest in specific Partnership property.

• Upon notice to the General Partner from either owner, the General Partner shall cause the Partnership Interest to be divided into two equal Partnership Interests, which shall thereafter be owned separately by each of the former owners.

• As long as Partnership Interests are held by any Group Member, such Partnership Interests shall not be considered Outstanding for any purpose, except as otherwise provided herein.

• For the avoidance of doubt, whenever the General Partner votes or transfers its Partnership Interests, or refrains from voting or transferring its Partnership Interests, it shall be acting in its individual capacity.

More Definitions of Partnership Interests

Partnership Interests shall have the meaning therefor provided in the Pledge Agreement.

Partnership Interests has the meaning set forth in the Recitals of this Agreement.

Partnership Interests shall have the meaning set forth in the Partnership Agreement.

Partnership Interests has the meaning assigned to such term in Section 3.12.

Partnership Interests means the interest of a Partner in the Partnership.

Partnership Interests shall have the meaning set forth above in the recitals hereto.

Partnership Interests means all partnership, equity or ownership and/or other interests now or hereafter owned by Borrower in the Partnerships, and including all of Borrower’s right, title and interest in and to: (a) any and all now existing and hereafter acquired membership, equity or ownership interest of Borrower in the Partnerships whether in capital, profits or otherwise; (b) any and all now existing and hereafter arising rights of Borrower to receive Distributions or payments from the Partnerships, whether in cash or in kind and whether such Distributions or payments are on account of Borrower’s interest as an owner of a partnership, equity or ownership interest in the Partnerships or as a creditor of the Partnerships or otherwise, and all other economic rights and interests of any nature of Borrower in the Partnerships; (c) any and all now existing and hereafter acquired management and voting rights of Borrower of, in, or with respect to the Partnerships, whether as an owner of a partnership, equity or ownership interest in the Partnerships or otherwise, and whether provided for under the Partnership Agreements and/or applicable law, and all other rights of and benefits to Borrower of any nature arising or accruing under the Partnership Agreements; (d) any and all now existing and hereafter acquired rights of Borrower to any specific property owned by the Partnerships; (e) if the Partnership Interests are evidenced in certificate form, the Partnership Interests shall include all such certificates, delivered to Lender accompanied by Powers duly executed in blank; and (f) all Proceeds of the foregoing Collateral.