Class B Limited Partner definition

Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

Class B Limited Partner means a Limited Partner in its capacity as a holder of Class B Units.

Class B Limited Partner means those individuals and entities so designated on Schedule A and such other individuals and entities admitted as Class B Limited Partners pursuant to this Agreement. Class B Limited Partners shall be limited partners of the Class A Limited Partner.

Examples of Class B Limited Partner in a sentence

• No Class B Limited Partner is obligated to make a contribution to the Partnership.

• At such time as a Class B Limited Partner ceases, for any reason other than a Qualifying Termination, to be an active, full-time employee of the General Partner or any of its Affiliates prior to the Vesting Date (as determined by the General Partner in its sole discretion, without regard as to how his status is treated by the General Partner or any of its Affiliates for any of its other compensation or benefit plans or programs), his unvested interest in the Partnership shall be forfeited.

• The initial Capital Account of the General Partner is $1,000, the initial Capital Account of the Class A Limited Partner as of the Closing Date is equal to the Class A Capital Base on the Closing Date, and the initial Capital Account of each Class B Limited Partner is zero.

• The General Partner, the Class A Limited Partner and the Class B Limited Partners of the Partnership are the Persons executing (by power of attorney or otherwise) this Agreement as of the date hereof as the General Partner, the Class A Limited Partner and the Class B Limited Partners, respectively, each of which is admitted to the Partnership as the General Partner, Class A Limited Partner or a Class B Limited Partner, as the case may be, effective as of the date hereof.

• One hundred percent (100%) of each Class B Limited Partner’s interest in the Partnership shall vest on the Vesting Date, but only if (i) on such date such Class B Limited Partner continues to be an active, full-time employee of the General Partner or any of its Affiliates or (ii) prior to the Vesting Date a Qualifying Termination has occurred with respect to such Class B Limited Partner.

More Definitions of Class B Limited Partner

Class B Limited Partner means any Person who (i) is referred to as such in the introductory statement of this Agreement or who has become a substituted Class B Limited Partner pursuant to the terms of this Agreement, and (ii) has not ceased to be a Class B Limited Partner.

Class B Limited Partner means each Limited Partner who is deemed to have made a Capital Contribution pursuant to Section 6.1(d) hereof and who holds Class B Units, and any transferee of the foregoing to the extent permitted hereunder, but only so long as any such Person continues in its capacity as a partner in the Partnership.

Class B Limited Partner means any Person who is designated as a Class B Limited Partner on the books and records of the Partnership.

Class B Limited Partner. XXXX XXXX INVESTMENT HOLDINGS INC.

Class B Limited Partner is defined in the Introductory Paragraph.

Class B Limited Partner means those Limited Partners that hold Class B Interests. It is expected that the General Partner may hold all the Class B Limited Partner Interests. Certificate of Formation shall mean the Certificate of Formation filed with the California Secretary of State pursuant to the formation of the Company, and any amendments thereto or restatements thereof. Code shall mean the Internal Revenue Code of 1986, as amended from time to time. Company shall refer to Keystone Investors - Urban Node Fund II, LP, a California limited partnership. Defaulting Partner shall mean a Limited Partner who fails to make any portion of its Capital Contribution, including any Additional Capital Contribution the Limited Partner has elected to make within the time period permitted hereunder. Disassociation shall mean an action of the General Partner to remove a Limited Partner’s right to participate in management (i.e., removal of its voting Interest) for cause (per Article 12.1) or by operation of law (per Article 12.2). Disassociated Partner shall mean a Limited Partner who has been involuntarily disassociated from the Company by one of the actions described in Article 12.1 or 12.2, or by Voluntary Transfer of its Limited Partnership Interest to a Voluntary Transferee as described in Articles 11.3 through 11.5. Dispute, when capitalized, shall have the meaning set for in Article 13 hereof. Keystone Investors - Urban Node Fund II, LP Limited Partnership Agreement

Class B Limited Partner has the meaning ascribed to such term in the preamble of this Agreement.