Common use of Limited Partner Clause in Contracts

Limited Partner. Each Person who executes this Agreement and who is hereby admitted to the Partnership as a limited partner of the Partnership, unless such Limited Partner ceases to be a Limited Partner hereunder or sells, transfers, forfeits or otherwise disposes of its Units and is replaced by a Substitute Limited Partner in accordance with this Agreement and the Act, and each Person that becomes a Substitute Limited Partner, if any, of the Partnership as provided herein, in such Person's capacity as a limited partner of the Partnership.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Lyondell Petrochemical Co), Limited Partnership Agreement (Equistar Chemicals Lp), Partnership Agreement (Millennium Chemicals Inc)

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Limited Partner. Each Person who executes this Agreement and who is hereby admitted to the Partnership as a limited partner of the Partnership, unless such Limited Partner ceases to be a Limited Partner hereunder or sells, transfers, forfeits or otherwise disposes of its Units and is replaced by a Substitute Limited Partner in accordance with this Agreement and the Act, and each Person that becomes a Substitute Limited Partner, if any, of the Partnership as provided herein, in such Person's ’s capacity as a limited partner of the Partnership.

Appears in 5 contracts

Samples: Limited Partnership Agreement (LyondellBasell F&F Holdco, LLC), Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Equistar Chemicals Lp)

Limited Partner. Each Person who executes this Agreement and who is hereby admitted to the Partnership as a limited partner of the Partnership, unless such Limited Partner ceases to be a Limited Partner hereunder or sells, transfers, forfeits or otherwise disposes of its Units Interest and is replaced by a Substitute Limited Partner in accordance with this Agreement and the Act, and each Person that becomes a Substitute Limited Partner, if any, of the Partnership as provided herein, in such Person's capacity as a limited partner of the Partnership.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Citgo Petroleum Corp), Limited Partnership Agreement (Lyondell Chemical Co), Revolving Credit Agreement (Lyondell Chemical Co)

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Limited Partner. Each Person who executes this Agreement and who is hereby --------------- admitted to the Partnership as a limited partner of the Partnership, unless such Limited Partner ceases to be a Limited Partner hereunder or sells, transfers, forfeits or otherwise disposes of its Units and is replaced by a Substitute Limited Partner in accordance with this Agreement and the Act, and each Person that becomes a Substitute Limited Partner, if any, of the Partnership as provided herein, in such Person's capacity as a limited partner of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Equistar Funding Corp)

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