Examples of Regulated Partner in a sentence
LIMITED PARTNER To the extent that the General Partner acquires the interest of a Defaulting Partner or a Regulated Partner or any other Limited Partner, the General Partner will be deemed to be a Limited Partner with respect to such interest for all purposes of this Agreement.
This section requires firms to confirm that they are in compliance with the prudential requirements in relation to professional indemnity insurance (PII).
Upon issuance of the regulations implementing the "merchant banking activities" provisions of amended Section 4(k)(4)(H) of the Bank Holding Company Act, any Bank Regulated Partner may irrevocably elect, by providing written notice to the General Partner, not to be governed by this Section 6.5 because such Limited Partner or an Affiliate has elected to be treated as a "financial holding company" under the Financial Services Act of 1999 (the Gramx-Xxxxx-Xxxxxx Xxx of 1999).
All payments made to a withdrawing Bank Regulated Partner pursuant to this Section 6.5 may be made (i) in cash or (ii) in the form of other consideration mutually acceptable to such Bank Regulated Partner and the General Partner.
Any such request shall be submitted to the General Partner in writing, accompanied by the opinion of counsel, within five (5) business days after the receipt by the Bank Regulated Partner of the Capital Contribution call notice with respect to such proposed Portfolio Investment.