Examples of Additional Limited Partners in a sentence
The Partnership shall not be dissolved by the admission of Substituted Limited Partners or Additional Limited Partners or by the admission of a successor General Partner in accordance with the terms of this Agreement.
Limited Partnerships: admission of additional Limited Partners Additional Limited Partners may be admitted to a Limited Partnership in accordance with the partnership agreement.
The General Partner shall be permitted to admit to the Partnership as Additional Limited Partners all Persons who have tendered their Capital Contributions to the Partnership as provided in Section 3.1(b).
Thereafter 25% to the Additional Limited Partners in proportion to their Limited Partner Sharing Percentages and 75% to the General Partner.
After the aggregate Capital Contributions paid into the Partnership by the Additional Limited Partners equal the Maximum Contribution, a Person who acquires a Partnership Interest directly from the Partnership shall be admitted to the Partnership as a Limited Partner only with the prior written consent of a Majority Interest and upon the Partnership’s receipt of such Person’s Capital Contribution.