Common use of Organizational Issuances Clause in Contracts

Organizational Issuances. Upon issuance by the Partnership of Common Units on or about the Listing Date and the admission of such Unitholders as a Limited Partner, the Organizational Limited Partner of the Partnership shall automatically withdraw as a limited partner of the Partnership and as a result shall have no further right, interest or obligation of any kind whatsoever as a limited partner of the Partnership and any capital contribution of the Organizational Limited Partner will be returned to him on the date of such withdrawal.

Appears in 3 contracts

Samples: Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (KKR & Co. L.P.)

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Organizational Issuances. Upon issuance by the Partnership of Common Units on or about the Listing Date and the admission of such Unitholders as a Limited Partner, the Organizational Limited Partner of the Partnership shall automatically withdraw withdrew as a limited partner of the Partnership and as a result shall have has no further right, interest or obligation of any kind whatsoever as a limited partner of the Partnership and any capital contribution of the Organizational Limited Partner will be has been returned to him on the date of such withdrawal.

Appears in 2 contracts

Samples: Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (KKR & Co. L.P.)

Organizational Issuances. Upon issuance by the Partnership of Common Units on or about the Listing Date and the admission of such Unitholders as a Limited PartnerPartners, the Organizational Limited Partner of the Partnership shall automatically withdraw withdrew as a limited partner of the Partnership and as a result shall have has no further right, interest or obligation of any kind whatsoever as a limited partner of the Partnership and any capital contribution of the Organizational Limited Partner will be has been returned to him it on the date of such withdrawal.

Appears in 1 contract

Samples: Carlyle Group L.P.

Organizational Issuances. Upon issuance by the Partnership of Common Units on or about the Listing Date and the admission of such Unitholders as a Limited PartnerPartners, the Organizational Limited Partner of the Partnership shall automatically withdraw as a limited partner of the Partnership and as a result shall have no further right, interest or obligation of any kind whatsoever as a limited partner of the Partnership Organizational Limited Partner and any capital contribution of the Organizational Limited Partner will be returned to him it on the date of such withdrawal.

Appears in 1 contract

Samples: Agreement (Ares Management Lp)

Organizational Issuances. Upon issuance by the Partnership of Common Units on or about the Listing Date and the admission of such Unitholders as a Limited PartnerPartners, the Organizational Limited Partner of the Partnership shall automatically withdraw withdrew as a limited partner of the Partnership and as a result shall have has no further right, interest or obligation of any kind whatsoever as a limited partner of the Partnership Organizational Limited Partner and any capital contribution of the Organizational Limited Partner will be has been returned to him it on the date of such withdrawal.

Appears in 1 contract

Samples: Ares Management Lp

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Organizational Issuances. Upon issuance by the Partnership Company of Common Units common units on or about the Listing Date and the admission of such Unitholders unitholders as a Limited PartnerPartners, the Organizational Limited Partner of the Partnership shall automatically withdraw Company withdrew as a limited partner of the Partnership Company and as a result shall have has no further right, interest or obligation of any kind whatsoever as a limited partner of the Partnership Organizational Limited Partner and any capital contribution Capital Contribution of the Organizational Limited Partner will be has been returned to him it on the date of such withdrawal.

Appears in 1 contract

Samples: Ares Management Lp

Organizational Issuances. Upon issuance by the Partnership of Common Units on or about the Listing Date and the admission of such Unitholders as a Limited PartnerPartners, the Organizational Limited Partner of the Partnership shall automatically withdraw as a limited partner of the Partnership and as a result shall have no further right, interest or obligation of any kind whatsoever as a limited partner of the Partnership and any capital contribution of the Organizational Limited Partner will be returned to him it on the date of such withdrawal.

Appears in 1 contract

Samples: Carlyle Group L.P.

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