Interest of Departing General Partner. (a) A Departing General Partner shall become a Limited Partner, and its GP Units, if any, shall be converted into LP Units pursuant to Section 4.1(b). At the time of such conversion, the Departing General Partner shall pay to the Partnership an amount equal to any negative balance in its Capital Account.
Appears in 4 contracts
Samples: Oppenheimer Capital L P /De/, Oppenheimer Capital L P /De/, Pimco Advisors Holdings Lp
