Common use of Initial Partnership Interests Clause in Contracts

Initial Partnership Interests. The Partnership interests (the “Interests”) as of the date of this Agreement shall be as set forth in Exhibit A hereto. Exhibit A hereto may be adjusted from time to time pursuant to the terms of this Agreement to reflect (a) the admission of additional Limited Partners, (b) any sale, transfer, assignment or other disposition of all or any part of any Interests of any Partner or (c) any additional Capital Contributions (as hereinafter defined) of any of the Partners. An Interest means, with respect to any Partner at any time, such Partner’s entire beneficial ownership interest in the Partnership at such time, including such Partner’s Capital Account, voting rights, and right to share in profits, losses, cash distributions and all other benefits of the Partnership as specified in this Agreement, together with such Partner’s obligations to comply with all of the terms of this Agreement.

Appears in 3 contracts

Samples: Limited Partnership Agreement (CSL Capital, LLC), Limited Partnership Agreement (CSL Capital, LLC), Limited Partnership Agreement (Communications Sales & Leasing, Inc.)

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Initial Partnership Interests. The Partnership interests (the "Interests") as of the date of this Agreement shall be as set forth in Exhibit A hereto. Exhibit A hereto may be adjusted from time to time pursuant to the terms of this Agreement to reflect (a) the admission of additional Limited Partners, (b) any sale, transfer, assignment or other disposition of all or any part of any Interests of any Partner or (c) any additional Capital Contributions (as hereinafter defined) of any of the Partners. An Interest means, with respect to any Partner at any time, such Partner’s 's entire beneficial ownership interest in the Partnership at such time, including such Partner’s 's Capital Account, voting rights, and right to share in profits, losses, cash distributions and all other benefits of the Partnership as specified in this Agreement, together with such Partner’s 's obligations to comply with all of the terms of this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Four Corners Property Trust, Inc.), Limited Partnership Agreement (Southwest General Hospital Lp)

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