Partnership Restructuring Agreement definition

Partnership Restructuring Agreement has the meaning given to such term in the recitals.
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Partnership Restructuring Agreement means that certain Partnership Interests Restructuring Agreement, dated as of the December 15, 2017, pursuant to which, effective as of February 1, 2018, (i) all of the Incentive Distribution Rights were redeemed by the Partnership and cancelled and (ii) the economic general partner interest in the Partnership previously evidenced by General Partner Units were converted into a non-economic, management interest in the Partnership having the rights and obligations specified for the General Partner Interest under the Fourth Restated Agreement, all in exchange for the Partnership issuing 275,000,000 Common Units to the General Partner.
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Examples of Partnership Restructuring Agreement in a sentence

  • In June, the Board of Directors of BB Seguridade signed the possibility of a Partnership Restructuring Agreement with MAPFRE SA, MAPFRE Internacional SA and MAPFRE Brasil Participações SA.

  • We communicated in June via BB Seguros that it’s Board of Directors approved the signing of a Partnership Restructuring Agreement with MAPFRE SA.

  • On 12/29/2022, the 1st Amendment to the Partnership Restructuring Agreement was signed, providing for the elimination of the price adjustment mechanism, effective for three years, renewable successively, starting in 2023.

  • The purpose of this Agreement is to reflect and implement (a) the cancellation of the Incentive Distribution Rights and the General Partner Units and (b) the conversion of the General Partner Interest (as defined in the Second Restated Agreement) into a non-economic general partner interest in the Partnership, in each case, in accordance with the terms of the Partnership Restructuring Agreement.

  • Partnership Restructuring Agreement with BB Mapfre Group On June 26, 2018, the Bank informed, hereby material fact, that its Board of Directors had approved a partnership restructuring agreement with BB Mapfre Group.

  • The peak efficiency was not reached because the runs were not extended to include a back pressure that was sufficiently high.

  • Concurrently with the effectiveness of this Agreement and pursuant to the Partnership Restructuring Agreement, in consideration for the transactions set forth in Section 5.1(a) and Section 5.1(b), the Partnership hereby issues 101,000,000 Common Units to [●] on the date hereof, which issuance is hereby authorized and approved in all respects.

  • In addition to saving financial resources, we reaffirm our commitment to sustainability, given that the energy purchased will be of the incentive type, priginated from renewable sources such as wind, solar and small hydroelectric power plants.We communicated in June via BB Seguros that it’s Board of Directors approved the signing of a Partnership Restructuring Agreement with MAPFRE SA.

  • Sd/-Executive EngineerPaschim Medinipur Electrical Division, P.W.Dte.

  • Concurrently with the effectiveness of this Agreement and pursuant to this Agreement and the Partnership Restructuring Agreement, all Incentive Distribution Rights in the Partnership that were Outstanding and held by the General Partner immediately prior to the effectiveness of this Agreement are hereby cancelled.

Related to Partnership Restructuring Agreement

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Reorganization Agreement has the meaning set forth in the recitals.

  • Parent Agreement has the meaning given to it in Clause 12;

  • Company Acquisition Agreement has the meaning set forth in Section 5.04(a).

  • Public-private partnership agreement means an agreement

  • Exchange Agreement has the meaning set forth in the Recitals.

  • Transaction Agreement has the meaning set forth in the recitals.

  • Original Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • Exchange Agreements means the GSK Exchange Agreement, the Pfizer Exchange Agreement and the SLP Exchange Agreement;

  • Contribution Agreement has the meaning set forth in the Recitals.

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).

  • Acquisition Agreements means the Nexstar Acquisition Agreement and the Mission Acquisition Agreement, and “Acquisition Agreement” means the applicable agreement in the context used.

  • 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.

  • Partnership Agreements means the partnership agreements together with all agreements, certificates and other documents provided to and approved by Lender and which govern the existence, operation and ownership of the Partnerships.

  • 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.

  • 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.

  • Operating Agreement means the agreement, whether or not referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in section 489.110, subsection 1. The term includes the agreement as amended or restated.

  • Backstop Agreement has the meaning set forth in the recitals to this Agreement.

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

  • Sharing Agreement means a local marketing, joint sales, shared services or similar Contract.

  • Divestiture Agreement means any agreement between Respondents and an Acquirer (or a Divestiture Trustee appointed pursuant to Paragraph III of this Order and an Acquirer) and all amendments, exhibits, attachments, agreements, and schedules thereto, related to any of the Assets To Be Divested that have been approved by the Commission to accomplish the requirements of this Order. The term “Divestiture Agreement” includes, as appropriate, the Associated Food Stores Divestiture Agreement, the AWG Divestiture Agreement, the Haggen Divestiture Agreement, and the Supervalu Divestiture Agreement.

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

  • Share Exchange Agreement has the meaning specified in the Recitals.

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.