Revaluation of Partnership Assets. The General Partner shall revalue Partnership property to its fair market value (determined as provided in Section 4.4) as of the date when any additional or existing Partner makes a non-pro rata contribution of money or property to the Partnership in exchange for an interest in the Partnership or when the Partnership distributes money or property to a withdrawing or continuing Partner in exchange for all or part of its interest in the Partnership.
Appears in 3 contracts
Samples: Agreement of Limited Partnership (Intermedia Capital Partners Iv L P), Agreement of Limited Partnership (Intermedia Capital Partners Iv L P), Agreement of Limited Partnership (Intermedia Capital Partners Iv L P)
Revaluation of Partnership Assets. The Managing General Partner shall revalue Partnership property to its fair market value (determined as provided in Section 4.44.3) as of the date when any additional or existing Partner makes a non-pro rata contribution of money or property to the Partnership in exchange for an interest in the Partnership or when the Partnership distributes money or property to a withdrawing or continuing Partner in exchange for all or part of its interest in the Partnership.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Tele Communications Inc /Co/), Agreement of Limited Partnership (Tele Communications Inc /Co/)
Revaluation of Partnership Assets. The Managing General Partner shall revalue Partnership property to its fair market value (determined as provided in Section 4.44.3) as of the date when any additional or existing Partner makes a non-pro rata contribution of money or property to the Partnership in exchange for an interest in the Partnership or when the Partnership distributes money or property to a withdrawing or continuing Partner in exchange for all or part of its interest in the Partnership.the
Appears in 1 contract
Samples: Limited Partnership Agreement (Tele Communications Inc /Co/)
