Class A Limited Partners. “Class A Limited Partners” shall mean each of the General Partner, the Mosaic Feeder and Holdings as holders of the Class A Interests.
Class A Limited Partners. The identity of all of the Class A Limited Partners and the number of Units held by each Class A Limited Partner are reflected on Exhibit B attached hereto, which shall be amended as necessary by the Board of Directors to reflect any changes in such information. The Partnership is authorized to issue additional Class A Units at a price of $1.00 per Unit (unless otherwise provided herein or as otherwise determined by the Board of Directors) and admit additional Class A Limited Partners only after (a) the Board of Directors consents thereto, (b) so long as the Riverstone Group holds the Class A Majority, Riverstone consents thereto, (c) each such additional Class A Limited Partner pays any Capital Contribution required by the Board of Directors and (d) each such additional Class A Limited Partner executes an Adoption Agreement and any other documents in form and substance as the Board of Directors may deem necessary or desirable to effect such admission. The issuance of additional Class A Units shall dilute the Class A Limited Partners pro rata.
Class A Limited Partners. On the Class A Limited Partners Admission Date, the Class A Limited Partners shall contribute to the Partnership cash and promissory notes in the aggregate amount of $2,196,000.
Class A Limited Partners. The General Partner shall be authorized to admit accepted subscribers for Class A Units as Class A Limited Partners, and the Partners hereby consent to the admission of and will admit additional Class A Limited Partners to the Partnership without further act of the Partners provided that each additional Class A Limited Partner holds at least one Class A Unit, has executed and delivered to the General Partner a Subscription and has paid the Subscription Price for each Class A Unit as required by this Agreement.
Class A Limited Partners. Refers to those Limited Partners who own Class A Limited Partnership Interests. The Class A Limited Partners are identified on the signature pages hereof.
Class A Limited Partners. (a) The General Partner is authorized to admit Class A Limited Partners to the Partnership from time to time by selling not more than the Maximum Offering, provided that no Class A Limited Partners shall be admitted to the Partnership until acceptable subscriptions for the Minimum Offering have been received.
(b) The minimum investment of each Class A Limited Partner shall be 25 Units (10 Units for IRAs and Qualified Plans) representing a Capital Contribution of $2,500 ($1,000 for IRAs and Qualified Plans). Such Capital Contribution shall be made in full in cash. Aggregate purchases of Units by the General Partner, theDealer-Manager, their respective Affiliates and employees of any of them must be less than 5.0% of total Units sold.
(c) The names and addresses of the Class A Limited Partners admitted as provided herein, and their Capital Contributions from time to time, shall be as reflected in the books and records of the Partnership. The Partnership shall not be required to recognize any Class A Limited Partner as a nominee, agent or representative of any beneficial owner, but shall treat all Class A Limited Partners as the beneficial owners of their respective Units.
(d) The offering of Units for sale shall terminate on the Termination Date.
(e) All funds in respect of Units for which subscriptions have been received prior to the Closing Date shall be deposited in an interest-bearing escrow account with the Escrow Agent. Subscriptions for Units shall be accepted or rejected by the General Partner within 30 days after their receipt. The General Partner retains the unconditional right to refuse to accept any subscriber as a Class A Limited Partner, in which event the funds delivered by such subscriber shall be promptly returned to the subscriber without deduction. Upon receipt of subscriptions acceptable to the General Partner for not less than the Minimum Offering prior to the Termination Date and the determination of the General Partner to proceed to Closing, the Closing Date shall be set by the General Partner, and the Escrow Agent shall release such subscription funds to the Partnership at the Closing. Before commencing business, the Partnership shall have received gross proceeds from the offering of not less than $1,200,000 after payment of all Organizational and Offering Expenses. Any interest earned on monies paid by each subscriber during the period that such monies are held in escrow prior to the Closing shall be paid to each such subscriber foll...
Class A Limited Partners. All distributions of Distributable Cash to the Class A Limited Partners (as a class) shall be shared by the Class A Limited Partners, on a pari passu basis, in proportion to their respective holdings of Units as of the Record Date for the distribution; however, notwithstanding the foregoing, Distributable Cash relating to Periods during which one or more Class A Limited Partners are admitted to the Partnership shall be shared by the Limited Partners pro rata based on the number of days during such Period that each Class A Limited Partner is a Partner of the Partnership and on the number of Units that each Class A Limited Partner holds during such Period.
Class A Limited Partners. All allocations of Profit and Loss (including allocations under Sections 4.3, 4.4, 4.5 and 4.
Class A Limited Partners. Effective January 1, 1994, each of the Class A Limited Partners contributed to the Partnership cash or property in the amount set forth on the signature page for such Class A Limited Partner. Each Class A Limited Partner is entitled to participate in the Partnership’s income, gains, losses, deductions and credits on the basis of his or her Percentage Interest, but only so long as his or her Partnership Interest is outstanding.
Class A Limited Partners. The Partnership shall redeem a Class A Limited Partner’s entire Class A Limited Partnership Interest by making a distribution in conformity with Section 6.3 within ninety (90) days after the General Partner receives notice from such Limited Partner.
