Rights of Limited Partner. On the occurrence of a GP Event of Default or at any time thereafter while it is subsisting, the Limited Partner may serve Notice of default on the General Partner requiring the General Partner, at the General Partner’s option:
(a) in the case of a GP Event of Default (other than pursuant to subparagraph (c) or
Rights of Limited Partner. Each of the Limited Partners shall have the right to:
(a) vote in respect of the removal of the General Partner and the election of one or more successor General Partners under Article IX or in respect of any proposed amendment of this Agreement pursuant to Section 11.12;
(b) inspect and copy during regular business hours at such Limited Partner’s expense, any of the Partnership books and records;
(c) receive copies of this Agreement, the Certificate of Limited Partnership, all amendments thereto, and the Partnership’s federal, state, and local information or income tax returns;
(d) have on demand true and full information of all things affecting the Partnership and a formal accounting of Partnership affairs; and
(e) apply for dissolution and winding up by decree of court if it is not reasonably practicable to carry on the business of the Partnership in conformity with this Agreement. A Limited Partner shall have the right, on demand, to obtain from the Partnership, without cost, a list of the names, addresses and interests of all Limited Partners. A Limited Partner shall not disclose to third parties any information included in the Partnership’s books and records, except as required by law.
Rights of Limited Partner. Except as otherwise provided in this Agreement, the Limited Partner shall look solely to the assets of the Partnership for the return of its Capital Contribution and shall have no right or power to demand or receive property other than cash from the Partnership.
Rights of Limited Partner. In addition to the other rights specifically set forth herein or by non-waivable provisions of applicable law, each Limited Partner shall have the right to: (a) have the Partnership books and records (including without limitation those required in Section 1.07 of the Act) kept at the principal United States office of the Partnership and at all reasonable times to inspect and copy any of them, (b) have on demand true and full information of all things affecting the Partnership and a formal account of Partnership affairs whenever circumstances render it just and reasonable, (c) have dissolution and winding up by decree of court as provided for in the Act and (d) exercise all rights of a limited partner under the Act (except to the extent otherwise specifically provided for herein).
Rights of Limited Partner. On the occurrence of a GP Event of Default or at any time thereafter while it is subsisting, the Limited Partner may serve Notice of default on the General Partner requiring the General Partner, at the General Partner’s option:
(a) in the case of a GP Event of Default (other than pursuant to subparagraph (c) or (d) of the definition of GP Event of Default) to remedy or cause to be remedied the GP Event of Default referred to in such Notice of default (if it is continuing) within the thirty (30) day period following receipt by the General Partner of the Notice of default, provided that with respect to a non-monetary GP Event of Default, the thirty (30) day period to remedy a GP Event of Default shall be extended to such greater period than thirty
Rights of Limited Partner. Each of the Limited Partners shall have the right to: (a) have the Partnership books and records (including, without limitation, those required under the Act) kept at the principal United States office of the Partnership and at all reasonable times to inspect and copy any of them at the sole expense of such Partner; (b) have on demand true and full information of all things affecting the Partnership and a formal account of Partnership affairs whenever circumstances render it just and reasonable; (c) have dissolution and winding up by decree of court as provided for in the Partnership; and (d) exercise all rights of a limited partner under the Partnership (except to the extent otherwise specifically provided herein).
Rights of Limited Partner. In addition to the other rights specifically set forth herein, the Limited Partner shall have the right to: (a) have the Partnership books and records (including those required in Section 1.07 of the Act) kept at the principal United States office of the Partnership and at all reasonable times to inspect and copy any of them, (b) have dissolution and winding up by decree of court as provided for in the Act, (c) consult with or advise the General Partner and (d) exercise all rights of a limited partner under the Act (except to the extent otherwise specifically provided for herein).
Rights of Limited Partner. (a) The Limited Partners and their respective officers, shareholders, directors, partners, and Affiliates (collectively, "Associates"), shall not in any way be prohibited from or restricted in engaging or owning an interest in any other business venture of any nature, including any venture which might be competitive with the business of the Partnership, and the Partnership may engage the Limited Partners and their Associates for specific purposes and may otherwise deal with the Limited Partners and their Associates on terms and for compensation to be agreed upon by such Limited Partners or Associates, as applicable, and the Partnership; provided, however, that Limited Partners shall not be entitled to participate in the management or control of the business of the Partnership.
(b) Subject to such reasonable standards as the General Partners may establish, the Limited Partners shall be entitled to obtain from the General Partners, from time to time, upon reasonable demand for any purpose reasonably related to the respective Limited Partner's interest as a Limited Partner:
(i) In addition to the information and documentation required under Section 5.8 hereinabove, true and full information regarding the status of the business and financial condition of the Partnership;
(ii) Promptly after becoming available, a copy of the Partnership's federal, state and local income tax returns for each year;
(iii) A current list of the name and last known business, residence or mailing address of each Partner;
(iv) A copy of the Partnership Agreement and Certificate of Limited Partnership and all amendments thereto.
(v) True and full information regarding the amount of cash and a description and statement of the agreed value of any other property or services contributed by each Partner and which each Partner has agreed to contribute in the future, and the date on which each became a Partner; and
(vi) Such information regarding the affairs of the Partnership as is reasonably requested.
(c) Each Limited Partner shall be entitled to cast one vote for each Partnership Unit held by it on all matters with respect to which such Partner is given the right to vote pursuant to this Agreement. Fractional units shall be entitled to a fractional vote equal to said fraction.
Rights of Limited Partner. Any references in Article 8 to foreclosure or other proceedings by any Lender to acquire Tenant’s leasehold estate hereunder, shall also be deemed to refer to the removal and replacement of Tenant’s general partner by the Limited Partner pursuant to the terms of the Limited Partnership Agreement. Notwithstanding anything to the contrary contained elsewhere herein (a) all rights and remedies granted to any Limited Partner hereunder shall be subject and subordinate to the rights and remedies granted to each Lender hereunder, and (b) all consent and approval rights granted to the Limited Partner of Tenant hereunder shall terminate upon a foreclosure by any Lender under its Leasehold Mortgage encumbering Tenant’s leasehold estate hereunder.
Rights of Limited Partner. Except as provided by law, the Limited Partner will not be personally liable for any obligations of the Partnership nor will it have any obligation to make contributions to the Partnership or have any liability for the repayment or discharge of the debts and obligations of the Partnership except to the extent provided herein or as required by law. The Limited Partner shall take no part in the management, control or operation of the Partnership’s business and shall have no power to bind the Partnership and no right or authority to act for the Partnership or to vote on matters other than the matters set forth in this Agreement or as required by applicable law.
