Founding Limited Partner definition
Examples of Founding Limited Partner in a sentence
Each Founding Limited Partner hereby authorizes the General Partner to apply funds that would otherwise be distributable to such Founding Limited Partner (including without limitation the Class B Unit Redemption Amount) to satisfy the foregoing payment obligations.
Jeremiah writes,Thus says the Lord: Do justice and righteousness, and deliver from the hand of the oppressor him who has been robbed.
Notwithstanding anything in this Agreement to the contrary, Class B Common Units held by any Founding Limited Partner that are not eligible (as of the Termination Date) for exchange pursuant to Section 3.4 below (“Unvested Units”) are subject to repurchase upon the occurrence of a Termination Event.
Any Vested Units Transferred by a Founding Limited Partner or an Employed Initial Non-Founding Limited Partner to a Permitted Transferee of such Limited Partner pursuant to the preceding sentence shall remain subject to the same restrictions on Transfer to which such Units would be subject if such Units had not been so Transferred.
On the Date of Formation, each of the General Partner and the Founding Limited Partner contributed cash to the capital of the Partnership, in the proportions set out below, in exchange for one (1) Unit per $1 contributed: General Partner: $ 100 Founding Limited Partner: $ 100 On November 18, 2004, each of the General Partner, the Founding Limited Partner, the Additional Limited Partner, X.