Contributing Partner definition
Examples of Contributing Partner in a sentence
No course of dealing between any Guarantor, the Administrative Agent or any Secured Party or their respective agents or employees shall be effective to change, modify or discharge any provision of this Guaranty or any other Loan Documents or to constitute a waiver of any Event of Default.
Each Contributing Partner has the corporate power and authority to carry on its business as now conducted, and to execute and deliver this Agreement and to perform its obligations hereunder and thereunder.
The identity of each such partnership, together with the number of limited partnership units owned by each Contributing Partner, is set forth under the name of each Contributing Partner in Exhibit A hereto (collectively, the "Limited Partner Interests").
Effective as of the Closing Date, each Contributing Partner shall grant, assign, transfer, convey and deliver to the Partnership, all of such Contributing Partner's right, title and interest in and to 100% of such Contributing Partner's Partnership Interest in the Partnership(s) free and clear of all liens, encumbrances, security interests and competing claims.
From time to time, at the request of each Contributing Partner or the Partnership and without further consideration, each party, at its own expense, will execute and deliver such other documents, and take such other action, as each Contributing Partner or the Partnership may reasonably request in order to consummate more effectively the transactions contemplated hereby and to vest in the Partnership good and marketable title to the Limited Partner Interests.