General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

General Partnership Interest means any Partnership Interest which is directly traceable to and is derived from (i) a capital contribution to the Partnership for an interest in the Partnership as a General Partner, (ii) an original issuance (without a capital contribution) of a General Partnership Interest by the Partnership to a General Partner, or (iii) a Transfer of a General Partnership Interest after the date hereof and permitted by this Agreement. The holder of a General Partnership Interest (other than a Former Partner) shall have all of the rights and obligations of a General Partner under this Agreement to the extent such Person’s Partnership Interests constitute General Partnership Interests.

General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest. A General Partnership Interest may be expressed as a number of Partnership Units.

Examples of General Partnership Interest in a sentence

In the event of a transfer of the Company’s General Partnership Interest pursuant to this Article IX, such transfer shall not be construed as entitling the transferee to any right, title or interest in the System and all right, title and interest in the System shall remain the exclusive property of the Company.
A General Partner may transfer its General Partnership Interest in accordance with Section 8.
The Net Asset Value of each Unit of Limited Partnership Interest and each Unit of General Partnership Interest shall be determined by dividing the Net Assets of the Partnership by the aggregate number of Units of Limited and General Partnership Interest outstanding.
Xxxxxx Title: Trustee SCHEDULE A PARTNERS/CAPITAL ACCOUNT/PARTNERSHIP PERCENTAGE General Partner General Partnership Interest Capital Account Partnership Percentage The Trust created under the Agreement, dated September 28, 2000, as supplemented, amended and restated, between Xxxxxx X.
Upon removal of any General Partner, notwithstanding anything herein to the contrary, the General Partnership Interest shall be transferred to the Person being admitted as the new General Partner, simultaneously with admission and without the requirement of any action on the part of the General Partner being removed or any other Person.

More Definitions of General Partnership Interest

General Partnership Interest means any Partnership Interest held by the General Partner, other than any Partnership Interest it holds as a Limited Partner.

General Partnership Interest means, with respect to the General Partner, such Partner’s Non-Participating Unit and Capital designated as the “General Partnership Interest” on Schedule 4.02 and Schedule 5.01 in accordance with this Agreement and rights and obligations with respect to the Partnership pursuant to this Agreement and applicable law by virtue of such Partner being a General Partner and having such Non-Participating Unit and Capital.

General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest. Indemnitee means (i) the General Partner or a director, officer or employee of the General Partner or Partnership, (ii) the Advisor or a director, officer, manager, member, employee of the Advisor or another agent of the Advisor if such agent is an Affiliate of the Advisor and (iii) such other Persons (including Affiliates of the General Partner, the Advisor or the Partnership) as the General Partner may designate from time to time, in its sole and absolute discretion.

General Partnership Interest means the Partnership Interest held by the General Partner in its capacity as the general partner of the Partnership, which Partnership Interest is an interest as a general partner under the Act. The General Partnership Interest may be expressed as a number of Partnership Units. A number of Common Units held by the General Partner equal to one-tenth of one percent (0.1%) of all outstanding Partnership Units shall be deemed to be the General Partnership Interest. All other Partnership Units owned by the General Partner and any Partnership Units owned by any Affiliate or Subsidiary of the General Partner shall be considered to constitute a Limited Partnership Interest.

General Partnership Interest means the entire interest of the General Partner in the Partnership, including the General Partner’s economic interest in capital, profits, losses and distributions of the Partnership, the General Partner’s right to participate in the management of the Partnership and all other rights and obligations accorded under this Agreement or under Alabama law. General Partnership Percentage means 1%.

General Partnership Interest means the Partnership Interest of a General Partner, in his capacity as a General Partner.

General Partnership Interest means a Partnership Interest held by the General Partner.