Pledgor Partner definition

Pledgor Partner means (i) any Partner that (and, if such Partner is a Qualified Trust, including such Qualified Trust’s settlor or beneficiary who) attempts to pledge or grant a security interest, lien or other encumbrance in or against, any or all of the Partner’s Partnership Interest other than to an Authorized Transferee, or (ii) a Partner (and, if such Partner is a Qualified Trust, including such Qualified Trust’s settlor or beneficiary) against which a court has charged or placed a lien against or appointed a receiver or ordered a foreclosure for the benefit of a judgment creditor of such Partner (and, if such Partner is a Qualified Trust, including such Qualified Trust’s settlor or beneficiary), which judgment creditor is not an Authorized Transferee. A Pledgor Partner shall cease to be a Partner, and shall become a Former Partner, immediately prior to the earliest to occur of any events causing such Partner to become a Pledgor Partner.
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Pledgor Partner means (i) any Partner who, or whose settlor or any of whose beneficiaries, attempts to pledge or grant a security interest, lien or other encumbrance in or against, any or all of the Partner's Partnership Interest other than to an Authorized Transferee or (ii) the holder of any Partnership Interest against which a court has charged or placed a lien against or appointed a receiver or ordered a foreclosure for the benefit of a judgment creditor of such Partner or its settlor or any of its beneficiaries, which judgment creditor is not an Authorized Transferee. A Pledgor Partner shall cease to be a Partner, and shall become a Former Partner, immediately prior to the earliest to occur of any events causing such Partner to become a Pledgor Partner.
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Examples of Pledgor Partner in a sentence

  • By its By its By the General General Sole Partner of its Subsidiary Pledgor Partner Member Sole Member Notami Hospitals, LLC Okaloosa Hospital, Inc.

  • Xxxxxxxxx Title: Senior Vice President Schedule A to the Amended and Restated Pledge Agreement By its By its By the General General Sole Partner of its Subsidiary Pledgor Partner Member Sole Member American Medicorp Development Co. Bay Hospital, Inc.

  • HSS Holdco, LLC HSS Systems VA, LLC HSS Systems, LLC HSS Virginia, L.P. * By its By its By the General General Sole Partner of its Subsidiary Pledgor Partner Member Sole Member HTI Memorial Hospital Corporation Integrated Regional Lab, LLC Integrated Regional Laboratories, LLP * JFK Medical Center Limited Partnership * KPH-Consolidation, Inc.

  • By its By its By the General General Sole Partner of its Subsidiary Pledgor Partner Member Sole Member Conroe Hospital Corporation Dallas/Ft. Worth Physician, LLC Xxxxxxxxx Hospital Corporation Dublin Community Hospital, LLC Eastern Idaho Health Services, Inc.

  • By its By its By the General General Sole Partner of its Subsidiary Pledgor Partner Member Sole Member Trident Medical Center, LLC Utah Medco, LLC VH Holdco, Inc.

Related to Pledgor Partner

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

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

  • 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.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Former Partner means (i) with respect to a Partner that is a trust, a Partner that has ceased to be a Qualified Trust, and has become a Former Partner, pursuant to the terms of Section 1.78; (ii) with respect to a Partner that is an Entity, a Partner that has ceased to be a Qualified Entity, and has become a Former Partner, pursuant to the terms of Section 1.18; (iii) a Partner that has become a Bankrupt Partner and a Former Partner, pursuant to the terms of Section 1.7; (iv) a Partner that has become a Pledgor Partner and a Former Partner, pursuant to the terms of Section 1.74; and (v) a Partner that ceases to be a Participating Stockholder with respect to the Class B Shares of each Company in which the Partnership owns Class B Shares.