Common use of General Partner as Limited Partner Clause in Contracts

General Partner as Limited Partner. The General Partner shall also be a Limited Partner to the extent that it purchases or becomes a transferee of all or any part of the Interest of a Limited Partner, and to such extent, in its capacity as such, shall be treated as a Limited Partner in all respects, except as provided in the definition of “Majority (or other specified percentage) in Interest of the Private Investors.”

Appears in 10 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

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General Partner as Limited Partner. (a) The General Partner shall also be a Limited Partner to the extent that it purchases or becomes a transferee of all or any part of the Interest of a Limited Partner, and to such extent, in its capacity as such, extent shall be treated as a Limited Partner in all respects, except as provided . (b) Any Interest of a Limited Partner which is held by the General Partner or any of its Affiliates shall be voted and/or abstained on any matter in the definition of “Majority (or other specified percentage) in Interest same manner and proportions as the aggregate Interests of the Private Investorsother Limited Partners are voted and/or abstained on such matter.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

General Partner as Limited Partner. The General Partner shall may also be a Limited Partner to the extent that it purchases or becomes a transferee of all or any part of the Interest Partnership Units of a Limited Partner, and to such extent, in its capacity as such, extent shall be treated in all respects as a Limited Partner in all respects, except as provided in the definition of “Majority (or other specified percentage) in Interest of the Private InvestorsPartner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Rc Cobb Inc)

General Partner as Limited Partner. The General Partner shall also be a Limited Partner to the extent that it subscribes for an interest as a Limited Partner or purchases or becomes a transferee of all or any part of the Interest interest of a Limited Partner, and is admitted to the Partnership as a Limited Partner in accordance with this Agreement, and to such extent, in its capacity as such, extent shall be treated as a Limited Partner in all respects, except as provided in respects (subject to Section 6.11(c)). The consent of any Limited Partner to such transfer to the definition of “Majority (or other specified percentage) in Interest of the Private InvestorsGeneral Partner need not be obtained.

Appears in 1 contract

Samples: Limited Partnership Agreement

General Partner as Limited Partner. The General Partner shall also be treated as a Limited Partner to the extent that it purchases or becomes a transferee of all or any part of the Interest of a Limited Partner, and to such extent, in its capacity as such, extent shall be treated as a Limited Partner in all respects, except as provided respects with respect to such Interest. Any Interest of a Limited Partner that is held by the General Partner or any of its Affiliates shall be deemed to have been voted and/or abstained on any matter in the definition of “Majority (or other specified percentage) in Interest same manner and proportions as the aggregate Interests of the Private Investorsother Limited Partners are voted and/or abstained on any matter.

Appears in 1 contract

Samples: Limited Partnership Agreement (CDL Tender Fund 2022-1, L.P.)

General Partner as Limited Partner. The General Partner shall also be a Limited Partner to the extent that it purchases or becomes a transferee of all or any part of the acquires an Interest of as a Limited Partner, and to such extent, in its capacity as such, extent shall be treated as a Limited Partner in all respects, respects except as provided that the General Partner in such capacity shall not be subject to the Carried Interest. Any Interest of a Limited Partner which is held by the General Partner or any of its Affiliates shall be deemed to have been voted and/or abstained in the definition of “Majority (or other specified percentage) in Interest same manner and proportions as the aggregate Interests of the Private Investorsother Limited Partners are voted and/or abstained.

Appears in 1 contract

Samples: Limited Partnership Agreement (JER Investors Trust Inc)

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General Partner as Limited Partner. The General Partner shall also be a Limited Partner to the extent that it purchases or becomes a transferee of all or any part of the Interest of a Limited Partner, and to such extent, in its capacity as such, extent shall be treated as a Limited Partner in all respects. Except as set forth in Section 9.1(a)(ii), except as provided any Interest of a Limited Partner which is held by the General Partner or any of its Affiliates shall be deemed to have been voted and/or abstained in the definition of “Majority (or other specified percentage) in Interest same manner and proportions as the aggregate Interests of the Private Investorsother Limited Partners are voted and/or abstained.

Appears in 1 contract

Samples: Limited Partnership Agreement (Corsair Capital LLC)

General Partner as Limited Partner. The A General Partner shall may also be a Limited Partner to the extent that it purchases or becomes a transferee of all or any part of the Interest interest of a Limited Partner, as otherwise allowed by this Agreement, and to such extent, in its capacity as such, extent shall be treated in all respects as a Limited Partner in all respects, except as provided in the definition of “Majority (or other specified percentage) in Interest of the Private InvestorsPartner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Westmoreland Energy LLC)

General Partner as Limited Partner. The General Partner shall may also be a Limited Partner to the extent that it purchases or otherwise becomes a transferee of all or any part of the Interest Units of a Limited Partner, and to such extent, in its capacity as such, extent shall be treated as a Limited Partner in all respects, except as provided in the definition of “Majority (or other specified percentage) in Interest of the Private InvestorsPartner.

Appears in 1 contract

Samples: Limited Partnership Agreement

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