Partnership Note definition

Partnership Note has the meaning set forth in Recital B to this Agreement.
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Partnership Note means a promissory note issued by a Partnership to the order of Borrower and evidencing a loan by Borrower to such Partnership of monies initially advanced by the Lenders to Borrower under the Revolving Credit Notes, which loan is made in connection with the development of a Project in which the Borrower retains a majority ownership interest.
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Partnership Note means the Partnership Note dated as of December 28, 1993 in the principal amount of $242,141,304 made by the Partnership in favor of the Issuer, evidencing the proceeds of the Mortgage Notes.
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Examples of Partnership Note in a sentence

  • The Borrower Partnership is the sole holder of the Borrower Partnership Note, subject to any pledge thereof to Lender.

  • True and complete copies of the Loan Documents and the Borrower Partnership Note, including each modification and amendment thereof, have been furnished heretofore to the BRI Partnership.

  • There are no notes, instruments, agreements, mortgages, deeds of trust or other documents evidencing any material agreement or obligation of the Transferor Partnership or the Borrower Partnership to Lender or any other lender with respect to the Property other than the Borrower Partnership Note and the Loan Documents listed on Schedule H.

  • All payments of principal, interest, and, if applicable, real estate tax escrow, insurance escrow and any other payments required under the Loan Documents or the Borrower Partnership Note which are due and payable, through the Closing Date, have been, and will be, paid in full and no default exists thereunder which extends beyond applicable grace or cure periods.

  • Neither the Transferor Partnership nor the Borrower Partnership has received any written notice of default under any of the Loan Documents or the Borrower Partnership Note.

  • No security has been taken or held in connection with the Borrower Partnership Note.

  • Other than the Loan Documents and the Borrower Partnership Note, there are no agreements, oral or written to which the Borrower Partnership is a party or to which any agent of the Borrower Partnership is a party on behalf of the Borrower Partnership or has entered into on behalf of the Borrower Partnership.

  • The Loan Documents and the Borrower Partnership Note are in full force and effect and none of the Loan Documents or the Borrower Partnership Note have been modified, amended or extended except as disclosed on Schedule H.

  • Principal and accrued interest on the Partnership Note shall be due and payable in accordance with the terms and conditions set forth therein and herein.

  • The Transferor Partnership shall also remain as obligor of the outstanding principal balance of the note dated October 29, 1996 in the original principal amount of the Note (the "Borrower Partnership Note"), evidencing the loan made to the Transferor Partnership by the Borrower Partnership (the "Borrower Partnership Loan").


More Definitions of Partnership Note

Partnership Note means the loan owed by Inter Pipeline to PMI currently in the amount of approximately $288.6 million.
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Partnership Note means the Convertible Subordinated Note due 2006, issued December 9, 1996 by the Partnership to Xxxxxxxx'x, Inc., a Massachusetts corporation.
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Partnership Note means the unsecured, subordinated promissory note issued by the Grantor to Penn West Partnership representing the “Purchase Price” payable pursuant to the Canadian Resource Properties and Miscellaneous Interests Conveyance dated May 31, 2005;
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Partnership Note means the promissory note dated July 2, 1996 made by the Company in favor of National Propane, L.P.
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Related to Partnership Note

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Partnership Loan has the meaning provided in Section 5.2(c) hereof.

  • Partnership Security means any class or series of equity interest in the Partnership (but excluding any options, rights, warrants and appreciation rights relating to an equity interest in the Partnership).

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Public-private partnership agreement means an agreement

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • Partnership at will means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

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

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Pledged Partnership Agreements means all of each Grantor’s rights, powers, and remedies under the partnership agreements of each of the Pledged Companies that are partnerships.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partner Loan shall have the meaning set forth in Section 4.3.B.

  • Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership dated as of , 2011, as the same may be amended, modified or restated from time to time.