Withdrawal of Initial Limited Partner. Immediately following the admission of the Limited Partners to the Partnership pursuant to Section 2.8, the Initial Limited Partner shall (i) receive a return of its original capital contribution, if any, (ii) withdraw as a partner of the Partnership, and (iii) have no further right, interest or obligation of any kind whatsoever as a partner in the Partnership.
Withdrawal of Initial Limited Partner. Upon the admission of one or more Limited Partners to the Partnership, the Initial Limited Partner shall Withdraw as the Initial Limited Partner of the Partnership and have no further right, interest or obligation of any kind whatsoever as a Partner in the Partnership.
Withdrawal of Initial Limited Partner. Upon the admission of one or more Limited Partners to the Partnership on the Closing Date, the Initial Limited Partner shall (a) receive a return of any capital contribution made by the Initial Limited Partner to the Partnership,
Withdrawal of Initial Limited Partner. Upon the date the first Limited Partner is admitted to the Partnership in accordance with Article 10 of this Agreement, the Initial Limited Partner shall withdraw from the Partnership, and thereupon his Capital Contribution shall be returned and his Partnership Interest shall be reallocated to the Limited Partners.
Withdrawal of Initial Limited Partner. The Initial Limited Partner has made a Capital Contribution of USD 1.00 to the capital of the Partnership. Upon one or more additional Partners becoming Limited Partners, the Initial Limited Partner shall automatically withdraw as a Limited Partner and shall accordingly cease to be a Limited Partner and shall be entitled to receive, and the Partnership shall pay to the Initial Limited Partner, the amount of USD 1.00, and no more and shall have no further interest or obligation of any kind whatsoever as a Partner of the Partnership.
Withdrawal of Initial Limited Partner. The Initial Limited Partner, in its capacity as such, shall not be required to contribute any capital to the Partnership. Immediately subsequent to the time of a KRS investor’s admission to the Partnership, the Initial Limited Partner shall be deemed to have withdrawn from the Partnership as a limited partner without any further action on the part of the Initial Limited Partner or the Partnership or any other person, and, upon such withdrawal, shall cease to have any interest, right, power or authority in or with respect to the Partnership as a partner, or be subject to any of the duties, responsibilities, liabilities or obligations of a partner and shall have no obligation to make Capital Contributions to the Partnership whatsoever.
Withdrawal of Initial Limited Partner. The Initial Limited Partner shall withdraw as a Limited Partner without compensation immediately following the admission of a further Limited Partner and thereafter shall have no further rights, liabilities or obligations under or in respect of this Agreement. For the avoidance of doubt, each of the parties hereto acknowledges and agrees that neither Skype nor Skype Technologies shall be admitted as a Partner to the Partnership and that each is a party hereto solely for the purpose of enforcing certain provisions of this Agreement.
Withdrawal of Initial Limited Partner. The Initial Limited Partner (a) shall withdraw as a limited partner from the Partnership immediately following the execution and delivery of this Agreement by the other parties hereto and the admission of one or more Limited Partners and (b) executes this Agreement exclusively in order to confirm his withdrawal from the Partnership. The Initial Limited Partner shall thereafter have no further rights, liabilities or obligations under or in respect of this Agreement. The Partners hereby expressly ratify any and all actions taken by the Initial Limited Partner for or on behalf of the Partnership on or prior to the date hereof, and agree to exculpate and indemnify the Initial Limited Partner therefor in accordance with the provisions of Sections 4.5 and 4.6. Highly Confidential and Trade Secret
Withdrawal of Initial Limited Partner. Immediately following the admission of one or more Limited Partners to the Fund at the Initial Closing, the Initial Limited Partner shall:
Withdrawal of Initial Limited Partner. The Initial Limited Partner ------------------------------------- has made a contribution of $50 in cash to the capital of the Partnership. The greater of such capital contribution or the Initial Limited Partner's capital account balance will be distributed to the Initial Limited Partner immediately following the making of the contributions by the Limited Partner to the Partnership pursuant to the second sentence of subsection 3.1 hereof and the admission of.the Owner Trustee as a limited partner of the Partnership, at which time the Managing General Partner and the Limited Partner hereby consent to the Initial Limited Partner's withdrawal of its capital contribution and at which time the Initial Limited Partner shall withdraw as a limited partner of the Partnership. The Managing General Partner and the Limited Partner hereby waive and release the Initial Limited Partner from any liability and from any right, claim or action that they or the Partnership may have against the Initial Limited Partner for such withdrawal or as a result of his status as a Partner of the Partnership. The Initial Limited Partner is not entitled to receive any other amount or payment upon or by reason of the withdrawal of the Initial Limited Partner from the Partnership or by reason of the Initial Limited Partner having been a limited partner of the Partnership.
