Partnership Tenant definition
Examples of Partnership Tenant in a sentence
Landlord: Britannia Pointe Grand Limited Partnership Tenant: COR Therapeutics, Inc.
Tenant shall, from time to time and within five (5) days after Landlord makes a request therefor, cause (i) each shareholder of Tenant, if Tenant is a professional corporation and/or (ii) the shareholder of any professional corporation which is a partner of a Partnership Tenant to execute such documents as Landlord requires to create and confirm the personal liability of such shareholder(s).
Notwithstanding the foregoing, the provisions of this Article shall not apply to the estate of any deceased partner of Partnership Tenant.
Landlord shall release from liability hereunder, as to obligations thereafter accruing, retiring partners and the estates of deceased partners, provided that the aggregate assets of the remaining partners of a Partnership Tenant shall be sufficient in Landlord's sole judgment to meet Tenant's obligations hereunder.
Section 19.03 If Tenant is or becomes a professional corporation or if Tenant is or becomes a Partnership Tenant which contains professional corporations as partners, then the shareholders of such professional corporation and/or the shareholder of any professional corporation which is a partner of a Partnership Tenant, as the case may be, shall have joint and several personal liability for the full performance of the terms and conditions of this Lease.
Landlord: SOBRATO INTERESTS III a California Limited Partnership Tenant: SIEBEL SYSTEMS, INC.
If, at anytime during the Term, Tenant shall be a partnership (or be comprised of two (2) or more persons) (any such partnership and/or such persons being herein called "PARTNERSHIP TENANT"), then the liability of each of the parties comprising Partnership Tenant (whenever such parties shall be admitted or become partners) shall be joint and several.
Landlord shall release from liability hereunder, as to obligations thereafter accruing, retiring partners and the estates of deceased partners, provided that the aggregate assets of the remaining partners of a Partnership Tenant shall be sufficient in Landlord’s reasonable judgment to meet Tenant’s obligations hereunder.
If, at anytime during the Term, Tenant shall be a partnership (or be comprised of two (2) or more persons) (any such partnership and/or such persons being herein called “Partnership Tenant”), then the liability of each of the parties comprising Partnership Tenant (whenever such parties shall be admitted or become partners) shall be joint and several.
Landlord SOBRATO INTERESTS III a California Limited Partnership Tenant ▇▇▇▇▇▇ SYSTEMS, INC.