Common use of Both General and Limited Partner Clause in Contracts

Both General and Limited Partner. A Partner may be simultaneously a General Partner and a Limited Partner, in which event the Partner’s rights and obligations in each capacity will be determined separately in accordance with the terms and provisions of this Agreement and as provided in the Delaware Act.

Appears in 25 contracts

Samples: Limited Partnership Agreement (Hatteras Core Alternatives TEI Institutional Fund, L.P.), Agreement of Limited Partnership (Hatteras Core Alternatives Fund, L.P.), Agreement of Limited Partnership (Hatteras Core Alternatives Institutional Fund, L.P.)

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Both General and Limited Partner. A Partner may be simultaneously a General Partner and a Limited Partner, in which event the Partner’s 's rights and obligations in each capacity will be determined separately in accordance with the terms and provisions of this Agreement and as provided in the Delaware Act.

Appears in 12 contracts

Samples: Limited Partnership Agreement (Morgan Stanley Institutional Fund of Hedge Funds Lp), Limited Partnership Agreement (Hatteras Multi-Strategy Fund II, L.P.), Limited Partnership Agreement (Hatteras Multi-Strategy Fund I, L.P.)

Both General and Limited Partner. A Partner may at the same time be simultaneously a General Partner and a Limited Partner, in which event the such Partner’s 's rights and obligations in each capacity will shall be determined separately in accordance with the terms and provisions of this Agreement and hereof or as provided in the Delaware Act.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Levco Zero Coupon Put Fund I Lp), Limited Partnership Agreement (Levco Put Fund I L P), Limited Partnership Agreement (Troon Partners Lp)

Both General and Limited Partner. A Partner may be simultaneously a General Partner and a Limited Partner, in which event the such Partner’s 's rights and obligations in each capacity will shall be determined separately in accordance with the terms and provisions of this Agreement hereof and as provided in the Delaware Act.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Gam Avalon Multi-Europe Lp), Limited Partnership Agreement (Gam Avalon Multi Technology Lp), Limited Partnership Agreement (Gam Avalon Multi-Global Lp)

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Both General and Limited Partner. A Partner may at the same time be simultaneously a an Individual General Partner and a Limited Partner, or a Special Advisory Limited Partner and Limited Partner, in which event the such Partner’s 's rights and obligations in each capacity will shall be determined separately in accordance with the terms and provisions of this Agreement and hereof or as provided in the Delaware Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (Wynstone Partners Lp)

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