Common use of Division of Partnership Interests Clause in Contracts

Division of Partnership Interests. The several rights and obligations inherent in the Capital Account and Percentage Interest attributable to a Partner's Partnership Interest are indivisible except in equal proportions, such that the assignment of a specified percentage of a Partner's Partnership Interest may only represent an equal percentage of the total Capital Account and Percentage Interest that were attributable to such Partner's Partnership Interest prior to the assignment.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Insight Communications Co Inc), Limited Partnership Agreement (Insight Communications Co Inc), Limited Partnership Agreement (Insight Capital Inc)

AutoNDA by SimpleDocs

Division of Partnership Interests. The several rights and obligations inherent in the Capital Account and the Percentage Interest attributable to a Partner's Partnership Interest are indivisible except in equal proportions, such that the assignment of a specified percentage of a Partner's Partnership Interest may only represent an equal percentage of the total Capital Account and the Percentage Interest that were attributable to such Partner's Partnership Interest prior to the assignment.

Appears in 1 contract

Samples: Limited Partnership Agreement (Century Communications Corp)

AutoNDA by SimpleDocs

Division of Partnership Interests. The several rights and obligations inherent in the Capital Account and the Percentage Interest attributable to a Partner's Partnership Interest are indivisible except in equal proportions, such that the assignment of a specified percentage of a Partner's Partnership Interest may only represent an equal percentage of the total Capital Account and the Percentage Interest that were was attributable to such Partner's Partnership Interest prior to the assignment.

Appears in 1 contract

Samples: Partnership Agreement (Adelphia Communications Corp)

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