Common use of Partnership Capital Clause in Contracts

Partnership Capital. As of the date of this Agreement, the Partners have been issued Units and have Funded Commitments in the amounts set forth opposite their names on Schedule 3.1. The Managing General Partner shall record all issuances and redemptions of Units on the books of the Partnership. Except as specifically provided in this Agreement or any Subscription Agreement, no Partner (including the Managing General Partner and the Non-Managing General Partner) shall be required to, and no Limited Partner shall have the right to, contribute additional funds or other property to the Partnership. The Partnership may from time to time incur Indebtedness in accordance with Section 3.6 and issue additional Units in accordance with Sections 3.2 and 3.7.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Hines Real Estate Investment Trust Inc), Limited Partnership Agreement (Hines Real Estate Investment Trust Inc), Limited Partnership Agreement (Hines Real Estate Investment Trust Inc)

AutoNDA by SimpleDocs

Partnership Capital. As of the date of this Agreement, the Partners have been issued Units and have Funded Commitments in the amounts set forth opposite their names on Schedule 3.1. The Managing General Partner shall record all issuances and redemptions of Units on the books of the Partnership. Except as specifically provided in this Agreement or any Subscription Agreement, no Partner (including the Managing General Partner and the Non-Managing General Partner) shall be required to, and no Limited Partner shall have the right to, contribute additional funds or other property to the Partnership. The Partnership may from time to time incur Indebtedness in accordance with Section 3.6 and issue additional Units in accordance with Sections 3.2 and Section 3.7.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Hines Real Estate Investment Trust Inc), Limited Partnership Agreement (Hines Real Estate Investment Trust Inc)

AutoNDA by SimpleDocs

Partnership Capital. As of the date of this Agreement, the Partners have been issued Units and have Funded Commitments in the amounts set forth opposite their names on Schedule 3.1. The Managing General Partner shall record all issuances and redemptions of Units on the books of the Partnership. Except as specifically provided in this Agreement or any Subscription Agreement, no Partner (including the Managing General Partner and the Non-Managing General Partner) shall be required to, and no Limited Partner shall have the right to, contribute additional funds or other property to the Partnership. The Partnership may from time to time incur Indebtedness in accordance with Section 3.6 and issue additional Units in accordance with Sections 3.2 and 3.7.time

Appears in 1 contract

Samples: Limited Partnership Agreement

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