Common use of Recognition of Substituted and Assignee Limited Partners Clause in Contracts

Recognition of Substituted and Assignee Limited Partners. The Certificate of Limited Partnership of the Partnership shall be amended and recorded pursuant to Section 1.01 in any jurisdiction where it may be required not less often than quarterly to recognize the admission of substituted Limited Partners. Assignees of Limited Partners shall be recognized as such not later than the first of the calendar month following the General Partners' receipt of notice of such assignment.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Windsor Park Properties 5), Limited Partnership Agreement (Windsor Park Properties 3), Limited Partnership Agreement (N Tandem Trust)

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Recognition of Substituted and Assignee Limited Partners. The Certificate of Limited Partnership of the Partnership shall be amended and recorded pursuant to Section 1.01 in any jurisdiction where it may be required not less often than quarterly at least once each calendar quarter to recognize the admission of substituted Limited Partners. Assignees of Limited Partners shall be recognized as such not later than the first of the calendar month following the General Partners' receipt of notice of such assignment.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Windsor Park Properties 6), Limited Partnership Agreement (Windsor Park Properties 7)

Recognition of Substituted and Assignee Limited Partners. The Certificate of Limited Partnership of the Partnership shall be amended and recorded pursuant to Section 1.01 in any jurisdiction where it may be required not less often than quarterly to recognize the admission of substituted Limited Partners. Assignees of Limited Partners shall be recognized as such not later than the first end of the calendar month following the General Partners' ’ receipt of notice of such assignment.

Appears in 1 contract

Samples: Limited Partnership Agreement (Consolidated Capital Institutional Properties 2)

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Recognition of Substituted and Assignee Limited Partners. The Certificate of Limited Partnership of the Partnership shall be amended and recorded pursuant to Section 1.01 in any jurisdiction where it may be required not less often than quarterly to recognize the admission of substituted Limited Partners. Assignees of Limited Partners shall be recognized as such not later than the first end of the calendar month following the General Partners' Partner(s)’ receipt of notice of such assignment.

Appears in 1 contract

Samples: Limited Partnership Agreement (Consolidated Capital Institutional Properties 3)

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