Common use of Additional Limited Partners Clause in Contracts

Additional Limited Partners. Upon delivery of a Funding Notice to the Partners, the General Partner, in its sole discretion, on behalf of the Partnership, may raise all or any portion of the Additional Funds by accepting additional Capital Contributions, (i) in the case of cash, from the General Partner or, pursuant to Section 4.5.E hereof, any Limited Partner, or, (ii) in the case of property other than cash, from any Partner and/or third parties, and either (a) in the case of a Partner, issuing additional Units, or (b) in the case of a third party, admitting such third party as an Additional Limited Partner. Subject to the terms of this Section 4.5, the General Partner shall determine the amount, terms and conditions of such additional Capital Contributions.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)

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Additional Limited Partners. Upon delivery of a Funding Notice to the Partners, the General Partner, in its sole discretion, Partner on behalf of the Partnership, Partnership may raise all or any portion of the Additional Funds by accepting additional Capital Contributions, (i) in the case of cash, from the General Partner or, pursuant to Section 4.5.E hereof, any Limited Partner, or, (ii) in the case of property other than cash, from any Partner and/or third parties, and either (a) in the case of a Partner, issuing additional Units, or (b) in the case of a third party, admitting such third party as an Additional Limited Partner. Subject to the terms of this Section 4.5, the General Partner shall determine the amount, terms and conditions of such additional Capital Contributions.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Tanger Factory Outlet Centers Inc), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Factory Outlet Centers Inc)

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Additional Limited Partners. Upon delivery of a Funding Notice to the Original Limited Partners, the General Partner, in its sole discretion, Partner on behalf of the Partnership, Partnership may raise all or any portion of the Additional Funds by accepting additional Capital Contributions, Contributions (i) in the case of cash, from the General Partner or, pursuant subject to Section 4.5.E hereof4.5.G, from any Limited Partner, or, Partners or any third party or (ii) in the case of property other than cash, from any Partner and/or third parties, and either (aA) in the case of a Partners, increasing such Partner, issuing additional Units's Partnership Interest, or (b) in the case of a third party, admitting such third party as an Additional Limited Partner. Subject to the terms of this Section 4.5, 4.5 and to the General Partner shall determine the amount, terms and conditions of such additional Capital Contributions.definition of

Appears in 1 contract

Samples: Limited Partnership Agreement (Irvine Apartment Communities L P)

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