Examples of Class C Limited Partner in a sentence
Upon a Class C Redemption by the Partnership, the Class C Limited Partner shall have no further right to receive any Partnership distributions or allocations in respect of the Class C Units so redeemed.
Limited Partner: Those Persons listed as such on Exhibit 1B attached hereto and made a part hereof, as such Exhibit may be amended from time to time, including any Person who becomes a Substituted Limited Partner or an Additional Limited Partner in accordance with the terms of this Agreement; provided such term shall not include the Class C Limited Partner, the Class F Limited Partner, the Class G Limited Partner, the Class I Limited Partner, the Class J Limited Partner or the Class K Limited Partner.
The General Partner agrees that it shall not take any action to exercise the Proxy granted by any Class C Limited Partner unless and until any purported Transfer of any Units or rights with respect thereto by such Class C Limited Partner (whether voluntary or involuntary, including pursuant to Death, Incapacity or divorce) has been approved by the General Partner and the Assignee has been admitted as a Substitute Partner in accordance with this Agreement.
The General Partner will not permit any individual to become an additional Class C Limited Partner unless such individual agrees to be bound by the terms of this Agreement.
Each Class B Limited Partner and Class C Limited Partner agrees that the termination by any Fund Entity, the General Partner, or any Affiliate thereof of an employment or independent contractor relationship with such Class B Limited Partner or Class C Limited Partner for any reason at any time shall not be construed for any purpose to violate any duty or obligation of the General Partner or the Class A Limited Partners under this Agreement or any fiduciary duty of the General Partner.