Examples of Project General Partner in a sentence
For certainty, if the process set forth in Section 2.8(1) ceases to apply, the Corporation may on behalf of itself or on behalf of the Partnership, the Project Partnership or the Project General Partner or Subsidiaries of the Corporation, the Partnership, the Project Partnership or the Project General Partner enter into any New Related Party Contracts without complying with Section 2.8(1).
The Corporation’s sole business will be to hold shares in the capital of the Project General Partner and act as the sole general partner of the Partnership (the “Business”) and the Project General Partner’s sole business is to act as the sole general partner of the Project Partnership.
The Corporation shall not, and (subject to Section 3.4) the Corporation will, to the extent that it is able to, cause the Project General Partner to not, hold an interest in any Person where such Person is not wholly-owned by the Corporation or the Project General Partner, respectively, except that the Corporation may hold an interest in the Project General Partner and the Project General Partner may hold an interest in the Project Partnership.
In the event of the sale of all or substantially all of the assets of the Corporation or the Project General Partner, it is the intention of the Parties that the net proceeds of such sale would be distributed to the Shareholders in a tax-efficient manner and in accordance with this Agreement and the Articles.
The General Partner shall not resign or withdraw from the Partnership or be removed as General Partner by the Limited Partners or cause the Project General Partner to resign or withdraw from the Project Partnership or be removed as Project General Partner by the Partnership except with the approval of all of the Limited Partners.
The Project General Partner may, in its discretion, determine the form of such dividend or distribution and, for greater certainty, whether any such distribution should be a return of capital or otherwise.
Pattern has caused the PAA Provider to provide Administration Services to the Project, the Project Partnership and the Project General Partner, in accordance with any PAA between the PAA Provider and the Project General Partner, on its own behalf and as general partner of the Project Partnership.
The General Partner shall continue to be a resident of Canada (and the General Partner shall cause the Project General Partner to continue to be a resident of Canada) for the purposes of the Income Tax Act.
In operating the Project, General Partner shall use reasonable efforts to obtain all contracts, materials, supplies, utilities and services required by the Project on the most advantageous terms available to the Project.
The foregoing books and records will be maintained after the dissolution of the Corporation and the Project General Partner for the time periods required by the laws of Canada at the principal office of the PAA Provider in Canada.