Recipient Partner definition

Recipient Partner. As defined in Section 11.1.
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Recipient Partner has the meaning set forth in Section 6.03(e) hereof.
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Recipient Partner shall have the meaning specified in Section 15.2(a).
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Examples of Recipient Partner in a sentence

  • The Buy/Sell Initiating Partner shall indemnify the Recipient Partner and its Permitted Transferees as to said liabilities.

  • If the Recipient Partner disagrees with such fair market value, and the allocable share of such fair market value (based upon the Recipient Partner's Percentage Interest) is less than such Recipient Partner's Unreturned Capital Contributions, then the "fair market value" shall be determined in accordance with the procedure specified in Section 11.1(b)) below.

  • In the event the Recipient Partner elects to purchase the Partnership Interest and Trust Interests of the Initiating Partner, the election of the Recipient Partner to do so shall be accompanied by evidence of a cash deposit into the escrow account of the Escrow Company in an amount equal to ten percent (10%) of the purchase price to be paid to the Initiating Partner and the return to the Initiating Partner of the deposit previously submitted pursuant to Section 11.1.

  • The closing of the sale and purchase of the interest in the Partnership shall occur at the principal place of business of the Partnership within 60 days after the Recipient Partner notifies (or is deemed, pursuant to the provisions of the last sentence of Section 9.02 above, to have notified) the invoking Partner of its election to sell or buy.

  • For purposes of this Section 11.1, the Partnership Interest of the Buy/Sell Initiating Partner and the Recipient Partner shall include any Permitted Transferee(s) of the Buy/Sell Initiating Partner or the Recipient Partner, as the case may be.

  • For purposes of this Section 11.1, the CNL Partners shall be treated collectively as the Initiating Partner, Recipient Partner, buying Partner and/or selling Partner, as applicable.

  • The Offer shall be accompanied by evidence of a cash deposit into the escrow account of counsel to the Buy/Sell Initiating Partner in an amount equal to ten percent (10%) of the price to be paid to the Recipient Partner and a comprehensive purchase agreement (the "Purchase Agreement") containing all terms, conditions, covenants, representations, warranties and other agreements, except such terms shall provide for the entire purchase price to be paid in immediately available funds at closing.

  • In the event the Recipient Partner elects to purchase the Partnership Interest of the Buy/Sell Initiating Partner, the election of the Recipient Partner to do so shall be accompanied by evidence of a cash deposit into the escrow account of counsel to the Recipient Partner in an amount equal to ten percent (10%) of the purchase price to be paid to the Buy/Sell Initiating Partner and the deposit of the Buy/Sell Initiating Partner shall be released.

  • Within 120 days after its receipt of the Notice, the Recipient Partner must notify the Invoking Partner in writing of its election either to sell its interest in the Partnership to the Invoking Partner or to purchase the Invoking Partner's 50% interest in the Partnership for the Purchase Price, payable all in cash at the time of closing.

  • The Buy/Sell Initiating Partner shall purchase the Partnership Interest of the Recipient Partner and its Permitted Transferees subject to all Company liabilities which shall specifically be assumed by the Buy/Sell Initiating Partner.


More Definitions of Recipient Partner

Recipient Partner. Shall have the meaning set forth in Subsection 4.1(e).
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Related to Recipient Partner

  • Recipient Party means the Party which receives Confidential Information from the other Party.

  • Lender Recipient Party means collectively, the Lenders, the Swing Line Lender and the L/C Issuers.

  • Sub-Recipient means a partner, joint venturer, director, employee, agent and subcontractors of a Recipient to whom a Recipient must disclose Confidential Information.

  • Selling Partner has the meaning set forth in Section 8.5.

  • Alliance Partner means "Flatworld Trading Pvt Ltd ", who has entered into an alliance agreement with Axis Bank for purpose of providing the Offer.

  • Business Partner means a legal entity that requires use of a training service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.

  • Tendering Partner shall have the meaning set forth in Section 8.6.A.

  • Company Service Provider means an employee, individual consultant, individual independent contractor, individual self-employed contractor, leased or temporary employee or director of the Company or any of its Subsidiaries.

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • Trading Partner means any external computer interoperating with a Licensed Component through one or more protocols, one or more networks, or one or more adapters;

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Team Member means an individual who is allowed to access the Cloud Service but is only granted membership in groups associated with “Team Member” permissions for the Cloud Service.2

  • Receiving Party Personnel has the meaning set forth in Section 37(d).

  • Exchanging Partner has the meaning set forth in Section 2.1 hereof.

  • Participating member means an eligible employee who elects to participate in the defined contribution retirement plan established under this chapter.

  • Departing Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or 11.2.

  • Transferring Party has the meaning given such term in Section 5.2(b).

  • Faculty Member means any person hired by the college or District to conduct classroom or teaching activities or who is otherwise considered by the college to be a member of faculty.