Partnership Opportunity definition

Partnership Opportunity has the meaning set forth in Section 6.5(b).

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Partnership Opportunity means an investment or business opportunity or prospective economic advantage in which the Partnership could, but for the provisions of this Section 11.03, have an interest or expectancy.

Partnership Opportunity means a transaction, potential transaction or other business opportunity that (i) the Partnership is financially able to undertake, (ii) relates exclusively to the Business, (iii) is one in which the Partnership has or, but for the effect of subsection (a) above the Partnership would have, an interest or reasonable expectancy and (iv) if offered to a director, officer or employee of the Partnership who is also a director, officer or employee of Cadence, such transaction, potential transaction or other business opportunity is offered to him or her solely in his or her capacity as a director, officer or employee of the Partnership; provided, however, that a "Partnership Opportunity" not include (A)(1) any transaction in which the Partnership or Cadence is permitted to participate pursuant to any agreement between them or their Affiliates in effect as of the time any Partnership Interest is first held of record by any Person other than Cadence, or as may be amended thereafter with the approval of a majority of the Disinterested Directors, or (2) any such transaction provided for in any subsequent agreement between the Partnership and Cadence approved by a majority of the Disinterested Directors; (B) any transaction, potential transaction or other business opportunity that is also offered to or learned of by a director, officer or employee of Cadence (other than as described in clause (iv) above) by or from a Person other than the Partnership; or (C) any transaction, potential transaction or other business opportunity that arises from ideas independently conceived, acquired or developed by Cadence.

Examples of Partnership Opportunity in a sentence

Except in the case of a Partnership Opportunity (as defined in subsection (b) below), the Partnership shall have no interest or expectancy in any such engagement, investment or opportunity or that Cadence will not engage in, any of the foregoing activities, any such interest or expectancy being hereby renounced by the Partnership so that Cadence shall not violate any duty to the Partnership by engaging in, investing in or availing itself of opportunities in any such business activities or line of business.
The Withdrawing Member hereby waives all rights it may have against the Company, its assets or the Remaining Members in connection with the duties and obligations described in the foregoing subsections (i) to (iii) (collectively, the "Partnership Opportunity Disclosure Obligations").
The Partnership shall have the absolute right to pursue such Partnership Opportunity, as set forth in the Partnership Opportunity Notice, upon such terms and provisions as it determines to be appropriate.
Each Withdrawing Member hereby waives all rights it may have against the Company, its assets or the Remaining Members in connection with the duties and obligations described in the foregoing subsections (i) to (iii) (collectively, the "Partnership Opportunity Disclosure Obligations").
A Partnership Opportunity School sports facilities are designed and built to the standards set out in the DE School Build Handbook but these often fall short of the designs recommended by the governing bodies of sport for community or competitive use.
In the event that Partners owning at least 80% of the Percentage Interests do not vote in favor of pursuing a Partnership Opportunity, any individual Partner (including the General Partner) may pursue such opportunity in his or its own right, unless otherwise prohibited pursuant to the terms of another agreement.
In the event that the Partnership determines not to pursue a Partnership Opportunity, TREI▇ ▇▇▇ pursue such Partnership Opportunity for its own account, and without accounting to the Partnership or the other Partners with respect thereto.
The Partnership shall, within sixty (60) Days after receipt of a Partnership Opportunity Notice, specify in a notice (an "Opportunity Exercise Notice") to TREI▇, ▇▇ether or not it desires to pursue the Partnership Opportunity.
Any and all business opportunities within the Intendancy of Putumayo, or the Department of Cauca, of the Republic of Colombia, South America, which come to the attention of any Partner shall be deemed an opportunity of the Partnership (a "Partnership Opportunity") and shall be immediately ----------------------- presented to the Partnership.
If the Partnership determines to pursue a Partnership Opportunity, and so long as the Partnership does in fact pursue such Partnership Opportunity, the Partnership shall have the sole and exclusive right and authority to pursue such Partnership Opportunity, and TREI▇ ▇▇▇ll have no further right to pursue such Partnership Opportunity for its own account.

More Definitions of Partnership Opportunity

Partnership Opportunity means a business or other opportunity which relates to the Partnership's line of business and in which the Partnership has or would have an interest or a reasonable expectancy, which shall specifically include any riverboat or land-based gaming activity.

Partnership Opportunity the meaning given in clause 18.2 “Portfolio Company” any limited company or limited liability partnership in which the Partnership holds Investments “Preferred Return” such amount, determined at any Repayment Date, as is equal to interest at an annual rate of [***] per cent (compounded annually) on the daily amount of the Outstanding Loans of the Private Investors (calculated on the basis of a 365-day year)

Partnership Opportunity is defined in paragraph (c) of Article VII hereof.

Partnership Opportunity has the meaning given to it in Clause 17.1.1; “Partnership Representative” has the meaning given to it in Clause 13.1.4; “Performance Amount” has the meaning given to it in Clause 7.4.9;