Common use of No Priority Clause in Contracts

No Priority. Except as may be otherwise expressly provided herein, no Partner shall have priority over any other Partner as to Partnership income, gain, loss, credits and deductions or distributions.

Appears in 4 contracts

Samples: Limited Partnership Agreement (BuyDebtCo, LLC), Limited Partnership Agreement (Advanced BioEnergy, LLC), Limited Partnership Agreement (BuyDebtCo, LLC)

AutoNDA by SimpleDocs

No Priority. Except as may be otherwise expressly provided herein, no No Partner shall have priority over any other Partner Partner, either as to Partnership incomeprofits, gain, losslosses, credits and deductions or distributionsdistributions or as to any return of capital, except as provided herein.

Appears in 2 contracts

Samples: General Partnership Agreement (Cellu Tissue Corp - Oklahoma City), General Partnership Agreement (Coastal Paper CO)

No Priority. Except as may be otherwise expressly provided herein, no Partner shall have priority over any other Partner as to Partnership income, gain, losslos, credits and deductions or distributions.

Appears in 1 contract

Samples: Limited Partnership Agreement (Mark I Molded Plastics of Tennessee Inc)

AutoNDA by SimpleDocs

No Priority. Except as may be otherwise expressly provided hereinin this Agreement, no Partner shall have priority over any other Partner as to Partnership income, gain, loss, credits and deductions or distributions.

Appears in 1 contract

Samples: Limited Partnership Agreement (Innsuites Hospitality Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!