Partnership Points definition

Partnership Points means as of any date, with respect to a Partner, the number of Partnership Points of such Partner as set forth on Schedule A hereto, as amended from time to time in accordance with its terms and the terms hereof, and as in effect on such date.
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Partnership Points has the meaning ascribed thereto in the Restated Partnership Agreement.
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Partnership Points has the meaning ascribed to such term in the U.K. Partnership Agreement.
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Examples of Partnership Points in a sentence

  • The Investment Manager shall promptly notify IMRF in writing (i) if more than 7.5% of the ownership interest in the Investment Manager is acquired by any person or entity other than through the issuance of additional Partnership Points to current Partners or employees of the Investment Manager or (ii) in the event of any change in control or business reorganization of the Investment Manager.

  • Applicants must meet the definition and criteria to qualify for up to 4 Partnership Points as follows.

  • Ross et al., “The Chal- lenges of Collaboration for Academic and Community Part- ners in a Research Partnership: Points to Consider,” Jour- nal of Empirical Research on Human Research Ethics 5, no.

  • Applicants must meet the definition and criteria to qualify for up to four Partnership Points.

  • If the Partnership has any Capital Surplus from the sale, exchange or disposition of an asset of the Partnership, then that Capital Surplus shall be allocated among the Partners’ Capital Accounts in accordance with (and in proportion to) each such Partner’s respective number of Partnership Points as of the effective date of the transaction.

  • The Pause Pledge comprise of the following partnership points (the “Partnership Points”): Our Pledge to each other All the people who make up the Pause Partnership are committed to these Partnership Points to maintain the fidelity of Pause.

  • We will work together to ensure that every Pause Practice and Pause nationally complies with all the Partnership Points and achieve the Pause Minimum Quality Standards.

  • Partnership Points of Entry to Address SFM Goals… 47 Figure 4.a,b,c.

  • Partner Nonrecourse Deductions shall be allocated among the Partners in accordance with their respective numbers of Partnership Points.

  • The Partnership Points are intended to constitute “profits interests” within the meaning of Revenue Procedures 93-27, 1993-2 C.B. 343 (June 9, 1993) and 2001-43, 2001-2 C.B. 191 (August 20, 2001) (“Profits Interests”) for federal income tax purposes, and the provisions of this Agreement shall be interpreted in a manner consistent with such intended treatment.


More Definitions of Partnership Points

Partnership Points means, as of any date with respect to a Partner, the number of Partnership Points of such Partner as set forth on Schedule A
Sample 1
Partnership Points means, as of any date with respect to a Partner, the number of Partnership Points of any LTEIP Series held by such Partner as set forth on Schedule A.
Sample 1
Partnership Points means, collectively, the Series A Points, Series B Points and Subsequent Points authorized by the Partnership pursuant to this Agreement (and excluding any Reserve Points), entitling the holders thereof to the relative rights, title and interests in the profits, losses, deductions and credits of the Partnership at any particular time as are set forth in this Agreement, and any and all other benefits to which a holder thereof may be entitled as a Partner as provided in this Agreement. With respect to a particular Partner as of any date, “Partnership Points” shall mean the aggregate number of Series A Points, Series B Points and Subsequent Points belonging to such Partner as set forth on Schedule A hereto.
Sample 1
Partnership Points means the aggregate number of Series A Points, Series B Points and Subsequent Points belonging to such Partner as set forth on Schedule A hereto.
Sample 1

Related to Partnership Points

  • GP means Gottbetter & Partners, LLP.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

  • MLP has the meaning given such term in the introduction to this Agreement.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • MLP GP means any general partner of any MLP and any general partner of the general partner of any MLP.

  • General Partner has the meaning set forth in the Preamble.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

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

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Operating Partnership Agreement means the Fifth Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • PAA means Plains All American Pipeline, L.P., a Delaware limited partnership.

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

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

  • Partnership has the meaning set forth in the Preamble.

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

  • EXCO means EXCO Resources, Inc., a Texas corporation.

  • Operating Company has the meaning set forth in the preamble.

  • 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.

  • 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 Parties has the meaning assigned to such term in the preamble.

  • Operating Partnership has the meaning set forth in the preamble.

  • 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.

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;