General Partner as Limited Partner. If the General Partner should acquire an interest as a limited partner, the General Partner shall, with respect to such interest, enjoy all the rights and be subject to all the obligations and duties of a limited partner to the extent of such interest.
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Samples: Limited Partnership Agreement (Tandy Holdings, Inc.), Limited Partnership Agreement (Tandy Holdings, Inc.), Limited Partnership Agreement (Tandy Holdings, Inc.)
General Partner as Limited Partner. If the General Partner should acquire an interest as a limited partnerLimited Partner, the General Partner shall, with respect to such interest, enjoy all the rights and be subject to all the obligations and duties of a limited partner Limited Partner to the extent of such interest.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Barnett Shale Operating LLC), Limited Partnership Agreement (Barnett Shale Operating LLC)
General Partner as Limited Partner. If the General Partner should acquire an interest as a limited partnerLimited Partner, the General Partner shall, with respect to such interest, enjoy all the rights and be subject to all the obligations and duties of a limited partner Limited Partner to the extent of such interest.. TRANSFER BY GENERAL PARTNER
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General Partner as Limited Partner. The General Partner and any Affiliate of the General Partner may acquire an interest as a limited partner from the Partnership or by assignment from a limited partner in the same manner as someone not the General Partner or an Affiliate of the General Partner. If the General Partner (or an Affiliate) should acquire an interest as a limited partnerLimited Partner, the General Partner (or an Affiliate) shall, with respect to such interest, enjoy all the rights and be subject to all the obligations and duties of a limited partner Limited Partner to the extent of such interest.
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