Net Worth of General Partner. The General Partner shall not be obligated to maintain a Net Worth in excess of such amount, if any, as may be required to ensure that the Partnership will continue to be treated as a partnership for federal income tax purposes. For the purposes of this Paragraph 5, Net Worth shall be based upon current fair market value of the assets of the General Partner.
Appears in 34 contracts
Samples: Limited Partnership Agreement (Ceres Orion L.P.), Limited Partnership Agreement (Ceres Abingdon L.P.), Limited Partnership Agreement (Managed Futures Premier Aventis Ii L.P.)
Net Worth of General Partner. The General Partner shall not be obligated to maintain a Net Worth net worth in excess of such amount, if any, as may be required to ensure that the Partnership will continue to be treated as a partnership for federal income tax purposes. For the purposes of this Paragraph 5, Net Worth net worth shall be based upon current fair market value of the assets of the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Managed Futures Premier Warrington L.P.)
