Common use of Rights of Limited Partners Clause in Contracts

Rights of Limited Partners. Each Limited Partner shall look solely to the assets of the Partnership for all distributions with respect to the Partnership and such Partner's capital contribution (including returns thereof), and such Partner's share of profits or losses thereof, and shall have no recourse therefor (upon dissolution or otherwise) against the General Partner, except under the Partnership Guarantee. No Partner shall have any right to demand or receive property other than cash upon dissolution and termination of the Partnership.

Appears in 16 contracts

Samples: Agreement of Limited Partnership (Enron Capital Trust Ii), Agreement of Limited Partnership (Enron Capital Trust I), Limited Partnership Agreement (Merrill Lynch Preferred Funding I Lp)

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Rights of Limited Partners. Each Limited Partner shall look solely to the assets of the Partnership for all distributions with respect to the Partnership and such Partner's capital contribution (including returns return thereof), and such Partner's share of profits or losses thereof, and shall have no recourse therefor (upon dissolution or otherwise) against the General Partner, except under the Partnership Guarantee. No Partner shall have any right to demand or receive property other than cash upon dissolution and termination of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Textron Inc), Limited Partnership Agreement (Merrill Lynch Preferred Funding Vi L P)

Rights of Limited Partners. Each Limited Partner shall look solely to the assets of the Partnership for all distributions with respect to the Partnership and such Partner's capital contribution (including returns thereof), his or her Capital Contribution thereto and such Partner's his or her share of profits Cash Flow, Profit or losses Loss thereof, and shall have no recourse therefor (upon dissolution or otherwise) against the General Partner or any other Limited Partner, except under the Partnership Guarantee. No Limited Partner shall have any right to demand or receive property other than cash upon dissolution and termination of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (GFP LTD)

Rights of Limited Partners. Each Limited Partner shall look solely to the assets of the Partnership Assets for all distributions with respect to the Partnership and such Partner's capital contribution ’s Capital Contribution (including returns return thereof), and such Partner's ’s share of profits or losses thereof, and shall have no recourse therefor (upon dissolution or otherwise) against the General Partner, except under any Limited Partner, the Partnership GuaranteeLiquidator or any of their Affiliates (other than the Partnership). No Partner shall have any right to demand or receive property property, other than cash cash, upon dissolution and termination of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (ITC Holdings Corp.)

Rights of Limited Partners. Each Limited Partner shall look solely to the assets of the Partnership for all distributions with respect to the Partnership and such Partner's capital contribution (including returns thereof), and such Partner's share of profits or losses thereof, and shall have no recourse therefor (upon dissolution or otherwise) against the General Partner, except under the Partnership Guarantee. No Partner shall have any right to demand or receive property other than cash upon dissolution and termination of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hei Preferred Funding L P)

Rights of Limited Partners. Each Subject to Section 10.6(b), each Limited Partner shall look solely to the assets of the Partnership for all distributions with respect to the Partnership and such Partner's capital contribution ’s Capital Contribution (including returns return thereof), ) and such Partner's ’s share of profits or losses thereoflosses, and shall have no recourse therefor (upon dissolution or otherwise) against the General Partner or any other Limited Partner, except under the Partnership Guarantee. No Partner shall have any right to demand or receive property other than cash upon dissolution and termination of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Rights of Limited Partners. Each Limited Partner shall -------------------------- look solely to the assets of the Partnership for all distributions with respect to the Partnership and such Partner's capital contribution (including returns thereof), and such Partner's share of profits or losses thereof, and shall have no recourse therefor (upon dissolution or otherwise) against the General Partner, except under the Partnership Guarantee. No Partner shall have any right to demand or receive property other than cash upon dissolution and termination of the Partnership.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Hawaiian Electric Industries Inc)

Rights of Limited Partners. Each Limited Partner shall look solely to the assets of the Partnership for all distributions with respect to the Partnership and such Partner's capital contribution (including returns thereof), his or her Capital Contribution thereto and such Partner's his or her share of profits Cash Flow, Profit or losses Loss thereof, and shall have no recourse therefor therefore (upon dissolution or otherwise) against the General Partner or any other Limited Partner, except under the Partnership Guarantee. No Limited Partner shall have any right to demand or receive property other than cash upon dissolution and termination of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (GFP LTD)

Rights of Limited Partners. Each Limited Partner shall look solely to the assets of the Partnership for all distributions with respect to the Partnership and such Partner's capital contribution ’s Capital Contribution (including returns thereofreturn thereof pursuant to Sections 5.4 and 5.5), and such Partner's ’s share of profits or losses thereof, and shall have no recourse therefor therefore (upon dissolution or otherwise) against the General Partner or any other Partner, except under the Partnership Guarantee. No Partner shall have any right to demand or receive property other than cash upon dissolution and termination of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement

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