Special Limited Partner definition

Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

Special Limited Partner means any of the persons shown in the books and records of the Partnership as a Special Limited Partner and any person admitted to the Partnership as an additional Special Limited Partner in accordance with the provisions of this Agreement.

Special Limited Partner means American Realty Capital Healthcare Special Limited Partnership, LLC, a Delaware limited liability company, which shall be a limited partner of the Partnership and recognized as such under applicable Delaware law, but not a “Limited Partner” within the meaning of this Agreement.

Examples of Special Limited Partner in a sentence

• The General Partner will agree to provide reasonable cooperation at the direction of the Special Limited Partner with respect to the ad valorem tax exemption.

• Developer and Special Limited Partner shall indemnify the General Partner and MHPFC for any actions taken prior to the admission of the General Partner or MHPFC into the ownership structure, and such indemnification obligations shall be set forth in the assignment of ownership interest and any major agreement or similar agreement between Developer and MHPFC.

• The full duties of the General Partner and the Special Limited Partner shall be set forth in the Partnership Agreement, including without limitation those terms included on Attachment 1 of this MOU.

• In recognition of the guaranties to be provided by the Developer and its affiliates, the Special Limited Partner will be delegated authority to enter into and execute documents on behalf of the Partnership after meaningful consultation with General Partner and be delegated primary decision- making authority for matters that could impact the financial obligations of the Developer or its affiliates under any guarantees.

• MHPFC or its affiliate will only become the sole member of the General Partner at the closing of the transaction, therefore pre-closing items must be addressed by the Special Limited Partner or another affiliate of the Developer.

More Definitions of Special Limited Partner

Special Limited Partner means the holder of Special Limited Partnership Units.

Special Limited Partner means the Person designated as “Special Limited Partner” on Exhibit A hereto.

Special Limited Partner means Preferred Apartment Advisors, LLC, a Delaware limited liability company, which shall be a limited partner of the Partnership and recognized as such under applicable Delaware law, but not a Limited Partner within the meaning of this Agreement.

Special Limited Partner has the meaning set forth in the Preamble, which shall be a limited partner of the Partnership and recognized as such under applicable Delaware law, but not a “Limited Partner” within the meaning of this Agreement.

Special Limited Partner shall have the meaning set forth in the introduction.

Special Limited Partner means BCTC 94, and any Person who becomes a Special Limited Partner as provided herein, in its capacity as a special limited partner of the Partnership.

Special Limited Partner means ARIS Special Limited Partner, LLC, a Delaware limited liability company, which shall be a limited partner of the Partnership and recognized as such under applicable Delaware law, but not a “Limited Partner” within the meaning of this Agreement (other than to the extent it owns Partnership Units).