Common use of Effect of Retirement on Points Clause in Contracts

Effect of Retirement on Points. (a) The consequences of a Limited Partner’s retirement on his Points shall be set forth in such Limited Partner’s Award Letter(s). (b) The right of any Retired Partner to receive distributions pursuant to this Agreement or such Retired Partner’s Award Letter(s) shall be subject to the provision by the General Partner for all liabilities of the Partnership and for reserves for contingencies.

Appears in 4 contracts

Samples: Exempted Limited Partnership Agreement (Apollo Global Management, Inc.), Exempted Limited Partnership Agreement (Apollo Global Management, Inc.), Agreement of Exempted Limited Partnership (Apollo Global Management, Inc.)

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