Common use of Rights of Partners to Capital Clause in Contracts

Rights of Partners to Capital. No Partner shall be entitled to interest on such Partner's contribution to the capital of the Fund, nor shall any Partner be entitled to the return of any capital of the Fund except (i) upon the repurchase by the Fund of all or a portion of such Partner's Units pursuant to Section 4.5 hereof, (ii) pursuant to the provisions of Section 5.6(b) hereof or (iii) upon the liquidation of the Fund's assets pursuant to Section 6.2 hereof. No Partner shall be liable for the return of any such amounts. To the fullest extent permitted by applicable law, no Partner shall have the right to require partition of the Fund's property or to compel any sale or appraisal of the Fund's assets.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Gam Avalon Multi-Global Lp), Limited Partnership Agreement (Gam Avalon Multi Technology Lp), Limited Partnership Agreement (Gam Avalon Multi-Europe Lp)

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Rights of Partners to Capital. No Partner shall be entitled to interest on such Partner's his contribution to the capital of the FundPartnership, nor shall any Partner be entitled to the return of any capital of the Fund Partnership except (i) upon the repurchase by the Fund Partnership of a part or all or a portion of such Partner's Units Interest pursuant to Section 4.5 4.6 hereof, (ii) pursuant to the provisions of Section 5.6(b5.7(c) hereof or (iii) upon the liquidation of the FundPartnership's assets pursuant to Section 6.2 hereof. No Partner shall be liable for the return of any such amounts. To the fullest extent permitted by applicable law, no No Partner shall have the right to require partition of the FundPartnership's property or to compel any sale or appraisal of the FundPartnership's assets.

Appears in 1 contract

Samples: Limited Partnership Agreement (Troon Partners Lp)

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