Additional General Partners definition

Additional General Partners means all such Investor Partners. “Additional General Partner” shall not include, after a conversion, such Investor Partner who converts his interest into a Limited Partnership interest pursuant to Section 7.10.
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Additional General Partners means Xxx Xxxxxxx and Xxxx Xxxxxx, or any substituted or Additional General Partners admitted in accordance herewith.
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Additional General Partners shall not include such Joint Venturer who converts such Joint Venturer's interest in the Joint Venture into a Limited Partner interest pursuant to Section 7.8.
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Examples of Additional General Partners in a sentence

  • The Managing General Partner agrees to indemnify each of the Additional General Partners for the amounts of obligations, risks, losses, or judgments of the Partnership or the Managing General Partner which exceed the amount of applicable insurance coverage and amounts which would become available from the sale of all Partnership assets.

  • Such indemnification applies to casualty losses and to business losses, such as losses incurred in connection with the drilling of an unproductive well, to the extent such losses exceed the Additional General Partners' interest in the undistributed net assets of the Partnership.

  • Upon conversion the Additional General Partners shall be Limited Partners entitled to limited liability; however, they shall remain liable to the Partnership for any additional Capital Contribution required for their proportionate share of any Partnership obligation or liability arising before the conversion of their Units as provided in Section 3.05(b)(2).

  • If the insurance coverage is to be materially reduced, then the Additional General Partners shall have the right to convert their Units into Limited Partner interests before the reduction by giving written notice to the Managing General Partner.

  • Additional General Partners may be admitted to the Partnership, subject to and in accordance with the provisions of Section 4.02, Section 5.03 and Article Nine, but only if and to the extent that the General Partner would be permitted to transfer its Partnership Interest under Section 4.02, Section 5.03 and Article Nine.

  • A-26 Section 6.2 Election and Admission of Successor or Additional General Partners ............A-26 Section 6.3 Events of Withdrawal of A General Partner .............................

  • A-25 Section 6.2 Election and Admission of Successor or Additional General Partners Section 6.3 Events of Withdrawal of a General Partner .....................................

  • In such event, the Fund shall be dissolved unless, within 90 days after the withdrawal of the General Partner, the Investors, by the Majority Vote of the Investors, agree in writing to continue the business of the Fund and to the appointment, effective as of the date of withdrawal of the sole General Partner, of one or more Additional General Partners.

  • A-24 Section 6.2 Election and Admission of Successor or Additional General Partners .......

  • The General Partner may at any time designate additional persons to be Successor or Additional General Partners, provided that the conditions of Section 6.2B are satisfied.

Related to Additional General Partners

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Surviving General Partner has the meaning set forth in Section 7.01(d) hereof.

  • Original Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • Consent of the Limited Partners means the Consent of a Majority in Interest of the Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and may be given or withheld by a Majority in Interest of the Limited Partners, unless otherwise expressly provided herein, in their sole and absolute discretion.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • General Partners means all such Persons.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3 hereof.

  • Additional Limited Partner means a Person admitted to the Partnership as a Limited Partner pursuant to Section 10.4 and who is shown as such on the books and records of the Partnership.

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • General Partner has the meaning set forth in the Preamble.

  • Operating Partnership has the meaning set forth in the preamble.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Consent of the Partners means the Consent of Partners, other than the Preferred Limited Partners, holding Percentage Interests that in the aggregate are equal to or greater than a majority of the aggregate Percentage Interests of all Partners, other than the Preferred Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and may be given or withheld by such Partners, in their sole and absolute discretion.

  • Partnership Representative has the meaning set forth in Section 5.2(a).

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.

  • Sub-Manager Any Person with which the Property Manager or the Special Servicer has entered into a Sub-Management Agreement.

  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.