Common use of Definitions: Adjustment Dates and Operations Period Clause in Contracts

Definitions: Adjustment Dates and Operations Period. (a) The “Adjustment Dates” of the Partnership will be the date of dissolution of the Partnership and each date on which there is a distribution in kind of property of the Partnership, a contribution of money or other property (other than a de minimis amount) to the Partnership by a new or existing Partner as consideration of an interest in the Partnership, or a distribution of money (other than a de minimis amount) by the Partnership to a retiring or continuing Partner as consideration for an interest in the Partnership. (b) An “Operations Period” of the Partnership will be the period beginning on the first day of a fiscal year or an Adjustment Date (as the case may be), and ending on the earlier of the next succeeding Adjustment Date or the last day of a fiscal year.

Appears in 9 contracts

Samples: Limited Partnership Agreement (Gilman Sheldon G), Limited Partnership Agreement (Trager Steve), Limited Partnership Agreement (Trager Scott)

AutoNDA by SimpleDocs

Definitions: Adjustment Dates and Operations Period. (a4.5(a) The "Adjustment Dates" of the Partnership will be the date of dissolution of the Partnership and each date on which there is a distribution in kind of property of the Partnership, a contribution of money or other property (other than a de minimis amount) to the Partnership by a new or existing Partner as consideration of an interest in the Partnership, or a distribution of money (other than a de minimis amount) by the Partnership to a retiring or continuing Partner as consideration for an interest in the Partnership. (b4.5(b) An "Operations Period" of the Partnership will be the period beginning on the first day of a fiscal year or an Adjustment Date (as the case may be), and ending on the earlier of the next succeeding Adjustment Date or the last day of a fiscal year.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Trager Trust of 2012), Agreement of Limited Partnership (Trager Trust of 2012), Agreement of Limited Partnership (Gilman Sheldon G)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!