Common use of Rights of Partners to Capital Clause in Contracts

Rights of Partners to Capital. No Partner will be entitled to interest on the Partner’s Capital Contribution, nor will any Partner be entitled to the return of any capital of the Partnership except (a) upon the repurchase by the Partnership of the Partner’s Units in accordance with Section 4.5 of this Agreement, (b) in accordance with the provisions of Section 5.5(b) of this Agreement or (c) upon the liquidation of the Partnership’s assets in accordance with Section 6.2 of this Agreement. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Partner will be liable for the return of any such amounts. To the fullest extent permitted by applicable law, no Partner will have the right to require partition of the Partnership’s property or to compel any sale or appraisal of the Partnership’s assets.

Appears in 21 contracts

Samples: Agreement (Hatteras Core Alternatives TEI Institutional Fund, L.P.), Agreement (Hatteras Core Alternatives TEI Institutional Fund, L.P.), Hatteras Core Alternatives TEI Fund, L.P.

AutoNDA by SimpleDocs

Rights of Partners to Capital. No Partner will be entitled to interest on the Partner’s Capital Contribution, nor will any Partner be entitled to the return of any capital of the Partnership except (a) upon the repurchase by the Partnership of the Partner’s Units in accordance with Section 4.5 of this Agreement, (b) in accordance with the provisions of Section 5.5(b) 5.5 of this Agreement or (c) upon the liquidation of the Partnership’s assets in accordance with Section 6.2 of this Agreement. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Partner will be liable for the return of any such amounts. To the fullest extent permitted by applicable law, no Partner will have the right to require partition of the Partnership’s property or to compel any sale or appraisal of the Partnership’s assets.

Appears in 7 contracts

Samples: Hatteras Core Alternatives Fund, L.P., Hatteras Core Alternatives Fund, L.P., Hatteras Core Alternatives Fund, L.P.

Rights of Partners to Capital. No Partner will be entitled to interest on the Partner’s 's Capital Contribution, nor will any Partner be entitled to the return of any capital of the Partnership except (a) upon the repurchase by the Partnership of all or a portion of the Partner’s Units 's Interest in accordance with Section 4.5 of this Agreement, (b) in accordance with the provisions of Section 5.5(b5.7(b) of this Agreement or (c) upon the liquidation of the Partnership’s 's assets in accordance with Section 6.2 of this Agreement. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Partner will be liable for the return of any such amounts. To the fullest extent permitted by applicable law, no Partner will have the right to require partition of the Partnership’s 's property or to compel any sale or appraisal of the Partnership’s 's assets.

Appears in 6 contracts

Samples: Hatteras Multi-Strategy TEI Institutional Fund, L.P., Morgan Stanley Institutional Fund of Hedge Funds Lp, Hatteras Multi-Strategy TEI Institutional Fund, L.P.

AutoNDA by SimpleDocs

Rights of Partners to Capital. No Partner will be entitled to interest on the Partner’s 's Capital Contribution, nor will any Partner be entitled to the return of any capital of the Partnership except (a) upon the repurchase by the Partnership of all or a portion of the Partner’s Units 's Interest in accordance with Section 4.5 of this Agreement, (b) in accordance with the provisions of Section 5.5(b) 5.7 of this Agreement or (c) upon the liquidation of the Partnership’s 's assets in accordance with Section 6.2 of this Agreement. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Partner will be liable for the return of any such amounts. To the fullest extent permitted by applicable law, no Partner will have the right to require partition of the Partnership’s 's property or to compel any sale or appraisal of the Partnership’s 's assets.

Appears in 3 contracts

Samples: Hatteras Multi-Strategy Fund I, L.P., Hatteras Multi-Strategy Fund I, L.P., Hatteras Master Fund, L.P.

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