Successor General Partner definition

Successor General Partner. Any Person who is admitted to the Partnership as substitute General Partner pursuant to this Agreement. A Successor General Partner, upon its admission as such, shall succeed to the rights, privileges and liabilities of its predecessor in interest as General Partner, in accordance with the provisions of the Act.

Successor General Partner means a Person that is admitted as a ------------------------- Partner to the Partnership pursuant to Section 11.3.

Successor General Partner means any Person who is admitted as a Successor General Partner to the Partnership under the provisions of Article VI after the date of this Agreement.

Examples of Successor General Partner in a sentence

• Section 12.1. Admission of Successor General Partner A successor to all of the General Partner's General Partner Interest pursuant to Section 11.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer.

• Section 12.1 Admission of Successor General Partner A successor to all of the General Partner's General Partner Interest pursuant to Section 11.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer.

• A successor to all of a General Partner's General Partner Interest who is proposed to be admitted to the Partnership as a Successor General Partner shall be admitted as the General Partner, effective upon the Transfer.

• Upon the withdrawal of a General Partner, such General Partner shall immediately cease to be a General Partner, and, unless a Successor General Partner has acquired the Interest of the withdrawing General Partner pursuant to Section 6.5, the withdrawn General Partner's Interest shall be converted to a limited partner Interest of a new class.

• Upon an Involuntary Withdrawal of the General Partner and the subsequent Transfer of the General Partner's Interest, such General Partner shall (i) remain liable for all obligations and liabilities (other than Partnership liabilities payable solely from Partnership Assets) incurred by it as General Partner before the effective date of such event and (ii) pay all costs associated with the admission of its Successor General Partner.

More Definitions of Successor General Partner

Successor General Partner shall have the meaning set forth in Section 12.3(a) hereof.

Successor General Partner means any Person who is admitted as a Successor General Partner to the Fund under the provisions of Article VI after the date of this Agreement. "Tax Matters Partner" means the Administrative General Partner designated in Section 5.1 as the tax matters partner, as defined in Section 6231(a)(7) of the Code. "Termination Date of the Offering" means the date upon which the Offering will terminate, which, if not sooner terminated by the General Partners, will be one year from the date of the Prospectus. "Unit" means (i) an Assignee Unit representing the assignment by the Assignor Limited Partner of one Assigned Limited Partnership Interest, and (ii) the Partnership Interest attributable to one Unit of any Investor who has become a Substitute Limited Partner pursuant to Section 7.5 hereof. "U.S. Person" means a Person who is (i) an individual who is either a United States citizen or a resident of the United States for federal income tax purposes, (ii) a corporation, partnership, or other legal entity created or organized in or under the laws of the United States or any political subdivision thereof, (iii) a corporation that is not created or organized in or under the laws of the United States or any political subdivision thereof but which has made an election under Section 897(i) of the Code to

Successor General Partner means any Person who is admitted as a Successor General Partner to the Partnership under the provisions of Article VI after the date of this Agreement. "Tax Matters Partner" means the Administrative General Partner designated in Section 5.1 as the tax matters partner, as defined in Section 6231(a)(7) of the Code. "Termination Date of the Offering" means the date upon which the Offering will terminate, which, if not sooner terminated by the General Partners, will be one year from the date of the Prospectus. "Unit" means (i) an Assignee Unit representing the assignment by the Assignor Limited Partner of one Assigned Limited Partnership Interest, and (ii) the Partnership Interest attributable to one Unit of any Unitholder who has become a Substitute Limited Partner pursuant to Section 7.5 hereof. "Unitholder" means (i) any Person who holds an Assignee Unit and is reflected as a Unitholder on the books and records of the Partnership, and (ii) any Unitholder who has been admitted to the Partnership as a Substitute Limited Partner pursuant to Section 7.5 hereof. "U.S. Person" means a Person who is (i) an individual who is either a United States citizen or a resident of the United States for federal income tax purposes, (ii) a corporation, partnership, or other legal entity created or organized in or under the laws of the United States or any political subdivision thereof, (iii) a corporation that is not created or organized in or under the laws of the United States or any political subdivision thereof but which has made an election under either Section 897(i) or Section 897(k) of the Code to be treated as a domestic corporation for certain purposes of federal income taxation, or (iv) an estate or trust whose income from sources without the United States is

Successor General Partner has the meaning assigned to such term in the introductory paragraph.

Successor General Partner is defined in Section 10.1(b) hereof.

Successor General Partner is defined in Section 10.1(b) hereof. "Xxxx-Co" is defined in the Preamble to this Agreement.

Successor General Partner means any Person who is admitted as a Successor General Partner to the Partnership under the provisions of Article VI after the date of this Agreement. "Tax Matters Partner" means the General Partner designated in Section 5.1C as the tax matters partner, as defined in Section 6231(a)(7) of the Code. "Termination Date of the Offering" means the date upon which the Offering terminates, which, if not extended at the election of the General Partner, will be on or before the date one (1) year from the date of the Prospectus. "Unit" means (i) an Assignee Unit representing the assignment by the Assignor Limited Partner of one Assigned Limited Partnership Interest, (ii) the Partnership Interest attributable to one Unit of any Investor who has become a Substitute Limited Partner pursuant to Section 7.5 hereof and (iii) the Partnership Interest attributable to one Unit purchased by the MNC Special Limited Partner pursuant to Section 3.3 hereof. "Warrants" means an option, warrant or right to acquire, by purchase, conversion or exchange, an equity security of a lessee of Equipment, obtained by the Partnership in connection with the execution of a lease of Equipment to such lessee. "Warrant Stock" means the shares of common stock, preferred stock or other equity security of a lessee of the Partnership upon exercise, conversion or exchange of a Warrant. "Working Capital Reserves" means the portion of the Gross Proceeds of the Offering set aside as working capital reserves pursuant to Section 5.6G.