Working Partners. (i) On the date of this Agreement, immediately following the Holdings Partnership Division, the Working Partners shall hold the Working Partner Interests, which shall have the Units and/or Non-Participating Units (in each case, including the class designation) and the Capital set forth on Schedule 4.02 and Schedule 5.01, respectively. Upon the Transfer of such Working Partner Interests to the Working Partners in the Holdings Partnership Division, the Working Partners are hereby deemed automatically admitted as Limited Partners with respect to such Interests and bound by this Agreement.
Appears in 4 contracts
Samples: www.sec.gov, BGC Partners, Inc., Newmark Group, Inc.
Working Partners. (i) On the date of this Agreement, immediately following the Holdings Partnership Division, the Working Partners shall hold the Working Partner Interests, which shall have the Units and/or Non-Participating Units (in each case, including the class designation) and the Capital set forth on Schedule 4.02 and Schedule 5.01, respectively. Upon the Transfer issuance of such Working Partner Interests to the Working Partners in the Holdings Partnership DivisionPartners, the such Working Partners are hereby were deemed automatically admitted as Limited Partners with respect to such Interests and bound by this Agreement.
Appears in 4 contracts
Samples: www.sec.gov, Newmark Group, Inc., BGC Partners, Inc.
Working Partners. (i) On the date of this Agreement, immediately following the Holdings Partnership DivisionSeparation, the Working Partners shall hold the Working Partner Interests, which shall have the Units and/or Non-Participating Units (in each case, including the class designation) and the Capital set forth on Schedule 4.02 and Schedule 5.01, respectively. Upon the Transfer of such Working Partner Interests to the Working Partners in the Holdings Partnership DivisionSeparation, the Working Partners are hereby deemed automatically admitted as Limited Partners with respect to such Interests and bound by this Agreement.
Appears in 1 contract
Samples: Newmark Group, Inc.