Redeemed Partner definition

Redeemed Partner has the meaning set forth in Section 11.01(a).

Redeemed Partner has the meaning given such term in Section 16.1(a).

Redeemed Partner means the Partner with respect to whom a Unit Redemption Event has occurred, such Partner's estate, and any transferee or assignee, whether immediate or remote, of any of such Partner's Units.

Examples of Redeemed Partner in a sentence

• This Agreement shall continue notwithstanding the consummation of a Redemption or Direct Exchange and all governance or other rights set forth herein shall be exercised by the remaining Partners and the Redeemed Partner (to the extent of such Redeemed Partner’s remaining interest in the Partnership).

• No Redemption or Direct Exchange shall relieve such Redeemed Partner of any prior breach of this Agreement.

• Unless otherwise required by applicable Law, the parties hereto acknowledge and agree that a Redemption or a Direct Exchange, as the case may be, shall be treated as a direct exchange between the Corporation and the Redeemed Partner for U.S. federal (and applicable state and local) income tax purposes.

• Accordingly, DataVox cannot warrant that such transmission will always be available or will be of acceptable quality.

• The issuance of shares of Class A Common Stock or other securities upon a Redemption or Direct Exchange shall be made without charge to the Redeemed Partner for any stamp or other similar tax in respect of such issuance.

• Subject to Section 11.03, in connection with the exercise of a Redeemed Partner’s Redemption Rights under Section 11.01(a), the Corporation shall contribute to the Partnership the consideration the Redeemed Partner is entitled to receive under Section 11.01(b).

• Unless the Corporation has elected to effect a Direct Exchange as provided in Section 11.03, on the Redemption Date (to be effective immediately prior to the close of business on the Redemption Date) (i) the Corporation shall make its Capital Contribution to the Partnership (in the form of the Share Settlement) required under this Section 11.02, and (ii) the Partnership shall issue to the Corporation a number of Common Units equal to the number of Redeemed Units surrendered by the Redeemed Partner.

More Definitions of Redeemed Partner

Redeemed Partner shall have the meaning ascribed to such term as set forth in Section 7.3(a)(ii).

Redeemed Partner has the meaning set forth in Section 11.01(a). “Redeemed Units” has the meaning set forth in Section 11.01(a). “Redemption” has the meaning set forth in Section 11.01(a). “Redemption Date” has the meaning set forth in Section 11.01(a). “Redemption Notice” has the meaning set forth in Section 11.01(a). “Redemption Notice Date” has the meaning set forth in Section 11.01(a). “Redemption Right” has the meaning set forth in Section 11.01(a). “Regulatory Allocations” has the meaning set forth in Section 5.03(f). “Reimbursable Expenses” has the meaning set forth Section 16.16(a). “Related Person” has the meaning set forth in Section 7.01(c). “Relative” means, with respect to any natural person: (a) such natural person’s spouse; (b) any lineal descendant, parent, grandparent, great grandparent or sibling or any lineal descendant of such sibling (in each case whether by blood or legal adoption); and (c) the spouse of a natural person described in clause (b) of this definition. “Reporting Partner” has the meaning set forth in Section 9.03.