Triggering Partner definition

Triggering Partner means the Partner who first properly exercises its buy/sell right pursuant to Section 10.4 by timely delivering a Buy/Sell Notice to the other Partner.
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Triggering Partner means (A) in the case of a Triggering Event described in clauses (i) or (ii) of the definition thereof, the IMC Partner and (B) in the case of a Triggering Event described in clauses (iii) or (iv) or the definition thereof, the FRP Partner.
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Triggering Partner is defined in Section 6.6(a) hereof.
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Examples of Triggering Partner in a sentence

  • If more than one Purchasing Partner shall have elected to buy the Interest of the Triggering Partner, then the Interest of the Triggering Partner shall be allocated among such Purchasing Partners in proportion to their respective Allocable Share at the time of such purchase.

  • The Non-Triggering Partner shall then have the option to purchase the Partnership Interest(s) of the Triggering Partner for cash at a price equal to the amount (the "Sale Price") that the Triggering Partner would receive under Section 8.1(a) hereof, if the Partnership's assets were sold for the purchase price set forth in the Sale Offer and all of the liabilities of the Partnership were satisfied.

  • The Non-Triggering Partner shall specify in a notice (a "Trigger Notice") to the Triggering Partner, within forty-five (45) Days after receipt of the Sale Offer, whether or not it(they) desires to accept the Sale Offer and purchase the Partnership Interest(s) of the Triggering Partner for the Sale Price.

  • Such offer cannot contain terms and conditions which are unique to and impossible of performance by anyone other than the Triggering Partner.

  • Failure to give a Trigger Notice that the Non-Triggering Partner has elected to purchase the Partnership Interest(s) of the Triggering Partner (and to deliver the required deposit) within such forty-five (45) Day period, shall constitute an election to reject the Sale Offer.

  • In the event the Receiving Partner does not notify the Triggering Partner within such time period, or its notice specifies a price, timing or terms and conditions different from the Shot-Gun Terms, the Triggering Partner shall have the option to (i) purchase the Receiving Partner's interest on the Shot-Gun Terms, (ii) sell its interest on the different terms set forth by the Receiving Partner, if any, or (iii) terminate the Shot-Gun Sale procedure.

  • If more than one Purchasing Partner shall ​ ​ have elected to buy the Interest of the Triggering Partner, then the Interest of the Triggering Partner shall be allocated among such Purchasing Partners in proportion to their respective Allocable Share at the time of such purchase.

  • The closing of the sale of the Non-Triggering Partner's Partnership Interest shall occur on or before the sixtieth (60th) day following the receipt of the Exercise Notice by the Triggering Partner, the Purchasing Partner or the Partnership, as the case may be; provided that if the Appraisal Procedure is invoked to determine the Transfer Price, the time periods in this sentence shall be extended to the date which is thirty (30) days following the final determination of the Transfer Price.

  • If the Transfer Price is determined in accordance with the Appraisal Procedure, the expense thereof is to be paid fifty percent (50%) by the Triggering Partner and fifty percent (50%) by the Non- Triggering Partner.

  • Furthermore, the Agreement of Partnership of each WIG Partnership permits either partner (the "Triggering Partner") to require the other partner (the "Noticed Partner") to elect either to purchase all of the Triggering Partner's interests in any or all of the WIG Partnerships, or to sell all of the Noticed Partner's interests in any or all of the WIG Partnerships to the Triggering Partner, at a price that is fixed by the Triggering Partner in its notice to the Noticed Partner (the "Buy/Sell Right").


More Definitions of Triggering Partner

Triggering Partner shall have the meaning set forth in Section 6.10.1.
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Triggering Partner shall have the meaning given in Section 13.3(a).
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Related to Triggering Partner

  • Tendering Partner shall have the meaning set forth in Section 8.6.A.

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

  • Trading Partner means any external computer interoperating with a Licensed Component through one or more protocols, one or more networks, or one or more adapters;

  • Dating partner means any person involved in an intimate association with another individual that is primarily characterized by the expectation of affectionate involvement, whether casual, serious, or long-term.

  • Managing Partner means Geodyne Production Company, a Delaware corporation, and any other Person admitted as additional or Substituted Managing Partner pursuant to Article Six of this Agreement.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Departing Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or 11.2.

  • Selling Partner has the meaning set forth in Section 8.5.

  • Lead Partner means the lead partner of a joint venture, as described in Sub-Clause

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Defaulting Partner shall have the meaning set forth in Section 9.1.

  • Contributing Partner means each Partner contributing (or deemed to have contributed on termination and reconstitution of the Partnership pursuant to Section 708 of the Code or otherwise) a Contributed Property.

  • Co-licensed partner means a person who, with at least one other person, has the right to engage in

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Exchanging Partner has the meaning provided in Section 8.05(a) hereof.

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • REIT Shares Amount means a number of REIT Shares equal to the product of the number of Partnership Units offered for exchange by a Tendering Party, multiplied by the Conversion Factor as adjusted to and including the Specified Redemption Date; provided that in the event the General Partner issues to all holders of REIT Shares rights, options, warrants or convertible or exchangeable securities entitling the stockholders to subscribe for or purchase REIT Shares, or any other securities or property (collectively, the “rights”), and the rights have not expired at the Specified Redemption Date, then the REIT Shares Amount shall also include the rights issuable to a holder of the REIT Shares Amount of REIT Shares on the record date fixed for purposes of determining the holder of REIT Shares entitled to rights.

  • Former Partner means (i) with respect to a Partner that is a trust, a Partner that has ceased to be a Qualified Trust, and has become a Former Partner, pursuant to the terms of Section 1.78; (ii) with respect to a Partner that is an Entity, a Partner that has ceased to be a Qualified Entity, and has become a Former Partner, pursuant to the terms of Section 1.18; (iii) a Partner that has become a Bankrupt Partner and a Former Partner, pursuant to the terms of Section 1.7; (iv) a Partner that has become a Pledgor Partner and a Former Partner, pursuant to the terms of Section 1.74; and (v) a Partner that ceases to be a Participating Stockholder with respect to the Class B Shares of each Company in which the Partnership owns Class B Shares.

  • Preferred Member means a Member holding Preferred Units.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Intimate partner means: (a) Spouses, or domestic partners; (b) former spouses, or former domestic partners; (c) persons who have a child in common regardless of whether they have been married or have lived together at any time; (d) adult persons presently or previously residing together who have or have had a dating relationship; (e) persons sixteen years of age or older who are presently residing together or who have resided together in the past and who have or have had a dating relationship; and (f) persons sixteen years of age or older with whom a person sixteen years of age or older has or has had a dating relationship.

  • Founding Member means any individual who is either:

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.