Number of Partners Sample Clauses

Number of Partners. Without the consent of the General Partner which may be given or withheld in its sole discretion, the Partnership shall not at any time have more than one hundred (100) partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's interest in the flow through entity is attributable to the flow through entity's interest (direct or indirect) in the Partnership).

Number of Partners. The Partnership shall not at any time have more than 100 partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's interest in the flow through entity is attributable to the flow through entity's interest (direct or indirect) in the Partnership).

Number of Partners. 23 ARTICLE 3. PURPOSE...............................................................................................23

Number of Partners. 18 ARTICLE 3. PURPOSE.......................................................................18 Section 3.1. Purpose and Business.............................................18 Section 3.2. Powers ..........................................................19 Section 3.3. Partnership Only for Purposes Specified..........................19 Section 3.4. Representations and Warranties by the Parties....................19

Number of Partners. As of the date hereof the number of Partners in the Partnership is two (2), namely Xxxxxx and ULC. Additional Partners may be admitted to the Partnership from time to time, at such times and upon such terms as the Partners may unanimously approve, and there shall be no limit to the number of additional Partners which may be admitted to the Partnership. Each such additional Partner shall agree in writing to be bound by the terms and conditions of this Agreement.

Number of Partners. Unless the General Partner determines that the Partnership will not be classified as a publicly traded partnership for federal income tax purposes, the Partnership shall not at any time have more than 100 partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's interest in the flow through entity is attributable to the flow through entity's interest (direct or indirect) in the Partnership).

Number of Partners. The Partnership shall not have more than one-hundred (100) Partners at any time. For purposes of this Section 1.08, the number of Partners in the Partnership shall be determined in accordance with Treasury Regulations Section 1.7704-1(h) and Section 3(c)(1) of the Investment Company Act. No entity that is a partnership, an S corporation or a grantor trust for U.S. federal income tax purposes shall be admitted as a Partner unless such entity has represented to the General Partner that either (a) such entity's investment in the Partnership does not account for substantially all of the value of any Person's beneficial interest in such entity or (b) it was not a principal purpose of such entity's investment in the Partnership to permit the Partnership to satisfy the 100-partner limitation set forth in Treasury Regulations Section 1.7704-1(h)(1)(ii).

Number of Partners. The Partnership shall have one or more General Partners and one or more Limited Partners. Without dissolving or amending or altering the Partnership, any number of additional Limited Partners may be admitted to the Partnership on the terms and conditions contained herein.

Number of Partners. The Partnership shall not at any time have more than 100 Partners, including the General Partner. Section 209. Partnership Expenses. The General Partner shall be solely responsible for payment of the expenses of operating the Partnership, excluding the organizational and selling expenses reimbursable to the General Partner pursuant to Section 205, and excluding the following "Partnership Expenses": (a) alltaxes or governmental charges, all brokerage fees, advisory fees, commissions, transfer fees, brokerage commissions, and any other expenses, charges or fees, including, without limitation, attorneys’ and accountants’ fees and disbursements, incurred or payable in connection with the sale, or purchase of any investments; (b) any other taxes or governmental charges payable by the Partnership or the Limited Partners; (c) all costs incurred in connection with the preparation of the Partnership’s federal, state or othertax returns and the financial statements and reports prepared pursuant to Sections 602 or 605; (d) any costs and expenses of any litigation involving the Partnership and the amount of any judgment or settlement paid in connection therewith, excluding, however, the costs and expenses of airy litigation, judgment or settlement in which the General Partner is found culpable of willful misfeasance or bad faith; (e) any amounts payable by the Partnership as interest on a Capital Interest being withdrawn by a Partner pursuant to Section 304; and (f) all costs and expenses for indemnity or contribution payable by the Partnership to any Person, whether payable under Article Eight or otherwise and whether payable in connection with any litigation involving the Partnership or otherwise. No expenses or fees paid by the General Partner shall constitute a contribution to the Partnership. The Partnership shall be responsible for all Partnership Expenses set forth above incurred by it or by the General Partner on its behalf. All such Partnership Expenses shall be paid out of cash fiinds of die Partnership determined by the General Partner to be available for such purpose; provided, however, that the General Partner may, in its sole discretion, advance funds to the Partnership for the payment of such Partnership Expenses and shall be entitled to the reimbursement of any funds so advanced. Section 210. Restrictions on Authority of General Partner. The General Partner shall not have authority to: (a) confess or consent to a judgment against the Partnership; (b) p...

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