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 all or a portion of the Partner's Interest in accordance with SECTION 4.5 of this Agreement, (b) in accordance with the provisions of SECTION 5.7 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 2 contracts

Samples: Limited Partnership Agreement (Hatteras Master Fund, L.P.), Limited Partnership Agreement (Hatteras Multi-Strategy Fund I, L.P.)

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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 ’s Interest in accordance with SECTION Section 4.5 of this Agreement, (b) in accordance with the provisions of SECTION 5.7 Section 5.7(b) of this Agreement or (c) upon the liquidation of the Partnership's ’s assets in accordance with SECTION 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 1 contract

Samples: Limited Partnership Agreement (Morgan Stanley Institutional Fund of Hedge Funds Lp)

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 all or a portion of the Partner's Interest in accordance with SECTION 4.5 of this Agreement, (b) in accordance with the provisions of SECTION 5.7 5.7(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 1 contract

Samples: Limited Partnership Agreement (Hatteras Multi-Strategy TEI Fund, L.P.)

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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 ’s Interest in accordance with SECTION 4.5 of this Agreement, (b) in accordance with the provisions of SECTION 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 1 contract

Samples: Limited Partnership Agreement (Hatteras Master Fund, L.P.)

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