Common use of Organizational Contributions and Issuances of Common Units Clause in Contracts

Organizational Contributions and Issuances of Common Units. (a) In connection with the formation of the Partnership under the Delaware Limited Partnership Act, the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $100.00 for a 100% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. On the Merger Closing Date, the Capital Contribution of the Organizational Limited Partner was returned, without interest, the Organizational Limited Partner withdrew from the Partnership, and the Organizational Limited Partner, as such, ceased to have any further rights, claims or interests as a Partner in and to the Partnership.

Appears in 8 contracts

Samples: Agreement, Agreement, Steel Partners Holdings L.P.

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Organizational Contributions and Issuances of Common Units. (ad) In connection with the formation of the Partnership under the Delaware Limited Partnership Act, the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $100.00 for a 100% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. On the Merger Closing Date, the Capital Contribution of the Organizational Limited Partner was returned, without interest, the Organizational Limited Partner withdrew from the Partnership, and the Organizational Limited 24 Partner, as such, ceased to have any further rights, claims or interests as a Partner in and to the Partnership.

Appears in 1 contract

Samples: Steel Partners Holdings L.P.

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