Effective Date of Transfers. Permissible transfers of a Limited ---------------------------- Partner's Units shall be effective for purposes of allocations of distributions, profits and losses on the first day of the fiscal quarter following compliance with Section 9.2 and following amendment of this Agreement as required by the Law. Until such effective date, the General Partner may act and proceed as if no transfer had been made.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc)
Effective Date of Transfers. Permissible transfers of a Limited ---------------------------- Partner's ’s Units shall be effective for purposes of allocations of distributions, profits and losses on the first day of the fiscal quarter following compliance with Section 9.2 and following amendment of this Agreement as required by the Law. Until such effective date, the General Partner may act and proceed as if no transfer had been made.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc)
Effective Date of Transfers. Permissible transfers of a Limited ---------------------------- Partner's Units shall be effective for purposes of allocations of distributions, profits and losses on the first day of the fiscal quarter following compliance with Section 9.2 and following amendment of this Agreement as required by the Law. Until such effective date, the General Partner may act and proceed as if no transfer had been made.
Appears in 1 contract
Samples: Limited Partnership Agreement (Flanigans Enterprises Inc)