Sponsor Partner definition
Examples of Sponsor Partner in a sentence
The right of each IP Limited Partner, the Residual Limited Partner, and the Sponsor Partner to receive Carry Distributions represents a profits interest received for services rendered or to be rendered to or for the benefit of the Partnership.
The only members of TE Partners are Sponsor Partner and other members that have been admitted as members pursuant to a Permitted Tax Equity Transaction entered into in accordance with the terms of the Financing Documents.
To the Knowledge of the Seller Parties, no event has occurred that would materially and adversely affect the Company’s relations with any such Top Customer, Sponsor Partner, Applicable Payment Network, Referral Partner or Top Vendor.
Regardless of the number of Persons serving on the Executive Committee, Sponsor Partner shall have only one (1) vote and BIT Partner shall have only one (1) vote.
The Managing Partner shall also grant signing authority on all such Partnership bank accounts to one or more persons designated by BIT Partner; provided, however, that such persons shall not exercise such authority unless there is an Event of Default by Sponsor Partner under the terms of this Agreement following which Sponsor Partner is removed as the Managing Partner.
The only members of the Construction Pledgor and Sponsor Partner are CIP Partner and Avangrid Member.
The Partnership shall pay all costs of the acquisition of BIT Partner's interest by Sponsor Partner hereunder.
As of the date of this Agreement, each respective Member owns the percentage of the limited liability company interests of CIP Partner, Construction Pledgor and Sponsor Partner (as applicable) as set forth in Recitals C and D of this Agreement.
Purchase Option: The Sponsor Partner will have the right, but not the obligation, to purchase all, but not less than all, of the Investor Partners’ Interests during the six-month period after the earlier of (a) the Flip Date and (b) the date six months prior to the tenth anniversary of the Initial Funding Date.
The name of the Partnership shall be "KPJV, LLP." As of the Formation Date and the Initial Funding Date, the sole Partners shall be Sponsor Partner and BIT Partner.