Common use of Withdrawal of Initial Limited Partner Clause in Contracts

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 admission of one or more Limited Partners to the Partnership on the Closing Datedate of the hereof, the Initial Limited Partner shall (a) receive a return of any capital contribution made amounts contributed by the Initial Limited Partner to 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a return of any capital contribution made by the Initial Limited Partner to the Partnership,, (b) be deemed to have withdrawn as the Initial Limited Partner of the Partnership and (c) have no further right, interest or obligation of any kind whatsoever as a Partner in the Partnership.