Common use of Withdrawal and Return of Capital Clause in Contracts

Withdrawal and Return of Capital. No Limited Partner shall withdraw any of its capital without the consent of the General Partner and the other Limited Partners, except upon dissolution or liquidation of the Partnership. Under circumstances requiring a return of any Capital Contribution, no Limited Partner shall have the right to receive property other than cash except as may be specifically provided herein.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Sithe Independence Power Partners Lp), Limited Partnership Agreement (Sithe Independence Power Partners Lp), Limited Partnership Agreement (Sithe Independence Funding Corp)

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Withdrawal and Return of Capital. No Limited Partner Partners shall have no right to withdraw any of its their capital without the consent of the General Partner and the other Limited Partners, except upon dissolution or and liquidation of the Partnership. Under Upon circumstances requiring a return of any Capital Contributioncapital contribution, no Limited Partner shall have the right to receive property other than cash except as may be specifically provided herein.

Appears in 1 contract

Samples: Limited Partnership Agreement (Levitt Corp)

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Withdrawal and Return of Capital. No Limited Except upon the dissolution and liquidation of the Partnership, a Partner shall have no right to withdraw any of its capital Capital Contributions without the consent of the General Partner and the other Limited Partners, except upon dissolution or liquidation of the PartnershipPartner. Under circumstances requiring a return of any a 19 of 48 Partner's Capital ContributionContributions, no Limited Partner shall have the right to receive property other than cash except as may be specifically provided herein.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Frost Phillip Md Et Al)

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