Examples of Remaining Partners in a sentence
In the event that not all parties decide to withdraw as described above, the withdrawing party will act to transfer its rights, as quickly as possible, to the partners that chose not to withdraw (the "Remaining Partners").
That any Partner intending to retire from the Partnership shall do so by serving on other Partners a notice in writing of three months duration disclosing such intention to retire and the Partner giving such notice shall be deemed to have retired from the Partnership on the expiry of such notice and business shall be taken over by the 'Remaining Partners'.
The transfer of rights to the Remaining Partners will be divided according to their holding rates.(K) Rights and obligations with respect to production(1) Each party has the right and obligation to take its share in the hydrocarbons produced from the Leases, in accordance with the provisions of the JOA.(2) The JOA does not regulate the joint sale of natural gas or LNG produced from the Leases.(L) The governing law and settlement of disputesThe JOA is subject to English and Welsh law.
The agreement dated 8 January 2016 and entered into between SUD, Green Carbon Fund, the Departing GP and the Remaining Partners, pursuant to which Green Carbon Fund agreed to redeem the partnership interest held by SUD for a total amount of RMB1,668,000,000.
Remaining Partner's Capital A/cDr.To Retiring/Deceased Partner's Capital A/c (Gaining Partner's Capital A/c is debited in theirgaining share and retiring/deceased partner's capitalaccount in credited for their share of goodwill) Situation 2: If no goodwill appears in the books of the firm.As no goodwill appears in the books of the firm, so the goodwill is adjusted through the partner's capital account with the share of the goodwill of the retiring or the deceased partner.