Common use of No Priority Among Limited Partners Clause in Contracts

No Priority Among Limited Partners. No Limited Partner shall have any priority over any other Limited Partner as to the return of his Initial Capital Contribution or as to compensation by way of income or as to allocation of profits and losses or distributions of cash.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc)

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No Priority Among Limited Partners. No Limited Partner shall have ----------------------------------- any priority over any other Limited Partner as to the return of his Initial Capital Contribution or as to compensation by way of income or as to allocation of profits and losses or distributions of cash.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc)

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