Predecessor Partnership definition
Examples of Predecessor Partnership in a sentence
Since September 30, 1997, the Company and each Predecessor Partnership has filed all forms, reports, statements (including proxy statements) and other documents (such filings by the Company are collectively referred to as the "SEC Reports"), required to be filed by it with the Securities and Exchange Commission.
The purposes for which the Corporation is formed are to engage in any lawful act or activity including, without limitation or obligation, the continuation of business heretofore conducted by Capital Lease Funding, L.P., a Delaware limited partnership being or to be merged with or contributed to this Corporation (the "Predecessor Partnership").
The amount of net built-in gain is equal to the amount of net gain that the Predecessor Partnership would have allocated to BCM and other “C” corporation limited partners of the Predecessor Partnership if they had sold all of their assets for fair market value on the date of the conversion.
Fewer than 5% of the limited partnership units in each Predecessor Partnership were exchanged for limited partnership units in the Subsidiary Partnerships.