Limited Partners’ Capital Contributions. On the Effective Date, each Limited Partner will contribute to the Partnership, and the Partnership will acquire, each Limited Partner’s Capital Contribution, which shall consist of the property described on Exhibit “A”, attached hereto.
Limited Partners’ Capital Contributions. Third, to the Limited Partners, in proportion to their respective Units held until at least one Limited Partner’s Capital Account balance is equal to zero.
Limited Partners’ Capital Contributions. The Capital Contribution of each Limited Partner shall be the amount stated to be such in Schedule A attached hereto and incorporated herein by reference and incorporated herein by reference and as amended from time to time. The Limited Partners shall not be required to make additional Capital Contributions to the Partnership.
Limited Partners’ Capital Contributions. As of the Effective Date, the Original Limited Partner contributed to the Partnership the assets set forth on Exhibit B and received 100 Units, which were transferred to the First Successor Limited Partner (as set forth in the Second Amended Agreement); thereafter such Units were succeeded to by the Second Successor Limited Partner (as set forth in the Third Amended Agreement); and thereafter such Units were transferred to the Current Limited Partner (as set forth in the Fourth Amended Agreement and on Exhibit C hereto).
Limited Partners’ Capital Contributions. 3.1.1 Initial Limited Partner; Contribution of the General Partner. The Trust, as the Initial Limited Partner, shall contribute the Trust Estate to the Partnership in exchange for all of the authorized Class A Units in the Partnership. The Trust shall then distribute the Class A Units to the Beneficial Owners in proportion to and in exchange for, and in termination of, their Beneficial Interests in the Trust. The General Partner shall contribute the amount of cash reflected on Exhibit B to the Partnership in exchange for the one Class B Unit authorized under this Agreement.
Limited Partners’ Capital Contributions. The Limited Partnership intends to sell and issue up to 300 Series 200 Units and 200 Series 300 Units, and to admit as Limited Partners the Persons who pay for such Units in accordance with the Memorandum and Subscription Agreement, respectively. The General Partner is hereby authorized to raise capital for the Limited Partnership by offering and selling such Units to qualified offerees. The General Partner, in its sole discretion, may sell fractional Units.
Limited Partners’ Capital Contributions. The Partnership initially sold 17 Series 100 Limited Partner Units as described in the First Memorandum. The Partnership is offering for sale up to 230 Series 200 Units and up to 600 Series 300 Limited Partner Units for such Capital Contribution and on such terms as are described in the Second Memorandum. The General Partner and its Affiliates may, but are not required to, purchase Series 200 or Series 300 Units at the same price and upon the same terms as other Investors, including sufficient Units to permit the Partnership to close the offering of either or both classes of Units and disburse funds from the Escrow Account. In the alternative, prior to the Termination Date or Extended Termination Date, the General Partner may loan the Partnership not less than the difference between subscription proceeds in the Escrow Account at the date of the making of such loan and $850,000 less $400 per unsold Unit with respect to the offering of Series 200 Units and $1,800,000 less $400 for the offering of Series 300 Units, assuming no reduction in the amount of the Series 300 offering or exercise of the Additional Series 300 Unit Option. Such loan, if made, shall bear interest not to exceed the prime or base rate plus 1.5% of United Bank, St. Petersburg, Florida, and may be repaid from any source of funds available to the Partnership including, without limitation, proceeds realized upon the subsequent resumption and completion of the offering or a subsequent offering of the unsold Units. Any such resumption and completion of the offering or any subsequent offering, if undertaken, shall be undertaken in compliance with all applicable law including, without limitation, applicable securities laws; and the expenses of any such offering shall be borne by the Partnership. Funds may be released from the Escrow Account when such loan has been made to the Partnership. The Partnership will pay CFG Securities Corp ("Managing Dealer") and other NASD registered broker/dealers ("Participating Dealers") commissions of up to 8% per Unit ($400 per Unit for each Series 300 Unit) sold. On January 1, 1993, the Partnership amended certain agreements with Certified Financial Group, Inc., a the Managing Dealer. Pursuant to the amended agreement, the Consultant will receive during the existence of the Partnership compensation equal to 8% of the Cash Flow distributed to the General Partner, with the General Partner waiving right to receive Distributions in like amount, and an option to acqui...
Limited Partners’ Capital Contributions. As of the Effective Date, LP contributed to the Partnership the assets set forth on Exhibit B and received a 100% Interest.
Limited Partners’ Capital Contributions. Each Limited Partner agrees to make Capital Contributions to the Fund:
(i) During the Investment Period, for the purpose of enabling the Fund to make Investments and to pay Organizational Expenses and Fund Expenses, up to the amount of its Remaining Capital Commitment, as increased by each Early Return of Capital;
(ii) After the Investment Period, for the purpose of enabling the Fund to pay Fund Expenses, up to the amount of its Remaining Capital Commitment, as increased by each Early Return of Capital and, after the Remaining Capital Commitment is reduced to zero, up to the amount of its Remaining Reserve Commitment;
(iii) During the one-year period after the Investment Period, for the purpose of enabling the Fund to make Investments, but limited to that portion of the Partners’ Remaining Capital Commitments that represents an Early Return of Capital;
(iv) After the Investment Period, for the purpose of enabling the Fund to make Investments which were Identified Investments prior to the expiration of the Investment Period, up to the amount of its Remaining Capital Commitment, as increased by each Early Return of Capital; and
(v) After the Investment Period, for the purpose of enabling the Fund to pay Reserve Commitment Expenses, up to the amount of its Remaining Capital Commitment, as increased by each Early Return of Capital and, after the Remaining Capital Commitment is reduced to zero, up to the amount of its Remaining Reserve Commitment.
Limited Partners’ Capital Contributions. No Limited Partner shall be admitted to the Partnership unless such Limited Partner shall make a Capital Contribution of $2,500 or more; provided, however, that the required minimum Capital Contribution for Individual Retirement Accounts and Xxxxx and pension plans shall be $1,000 where permitted by applicable state law. Except where prohibited by applicable state law or the Prospectus, Individual Retirement Accounts and Xxxxx and pension plans making the required minimum investment in the Partnership shall be entitled to make additional purchases in increments of one-half Units. Limited Partners shall be admitted to the Partnership solely by subscription, upon approval by the General Partners. No Limited Partner shall borrow funds from the General Partners or their Affiliates in order to make contributions to the Partnership Capital, and the Partnership shall not acquire Properties in exchange for Units.