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: Contribution and Formation Agreement (Insight Capital Inc), Insight Communications Co Inc, Insight Communications Co Inc

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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: Management Agreement (Adelphia Communications Corp)

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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: Agreement (Century Communications Corp)

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