Limited Partners and Payments to Limited Partners. A. There shall be two classes of limited partners, namely, Limited Partners and Subordinated Limited Partners. The name, last known mailing address and current Capital Contribution of each Limited Partner and Subordinated Limited Partner are reflected in the books and records of the Partnership. B. Each Limited Partner shall be paid 7- 1⁄2 % per annum, on the principal amount of such Limited Partner’s Capital Contribution. Such payments shall be made yearly or more frequently, as determined by the Managing Partner. All such payments shall be treated as guaranteed payments.
Appears in 1 contract
Samples: Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies LLLP)
Limited Partners and Payments to Limited Partners. A. There shall be two classes of limited partners, namely, Limited Partners and Subordinated Limited Partners. The name, last known mailing address and current Capital Contribution of each Limited Partner and Subordinated Limited Partner are reflected in the books and records of the Partnership.
B. Each Limited Partner shall be paid 7- 1⁄2 % per annum, on the principal amount of such Limited Partner’s his Capital Contribution. Such payments shall be made yearly or more frequently, as determined by the Managing Partner. All such payments shall be treated as guaranteed payments.
Appears in 1 contract
Samples: Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies LLLP)
Limited Partners and Payments to Limited Partners. A. There shall be two three classes of limited partners, namely, Limited Partners, Subordinated Limited Partners and Subordinated Limited PartnersProfits Interest Holders. The name, last known mailing address and address, current Capital Contribution of each Limited Partner and Subordinated Limited Partner Partner, and current Total Notional Capital Contribution of each Profits Interest Holder are reflected in the books and records of the Partnership.
B. Each Limited Partner shall be paid 7- 1⁄2 7-½ % per annum, on the principal amount of such Limited Partner’s Capital Contribution. Such payments shall be made yearly or more frequently, as determined by the Managing Partner. All such payments shall be treated as guaranteed payments.
Appears in 1 contract
Samples: Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies LLLP)
Limited Partners and Payments to Limited Partners. A. There shall be two classes of limited partners, namely, Limited Partners and Subordinated Limited Partners. The name, last known mailing address and current Capital Contribution of each Limited Partner and Subordinated Limited Partner are reflected in the books and records of the Partnership.
B. Each Limited Partner shall be paid 7- 7-1⁄2 % per annum, on the principal amount of such Limited Partner’s Capital Contribution. Such payments shall be made yearly or more frequently, as determined by the Managing Partner. All such payments shall be treated as guaranteed payments.
Appears in 1 contract
Samples: Agreement of Registered Limited Liability Limited Partnership (Jones Financial Companies LLLP)