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)
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)