Examples of General Partner Interests in a sentence
The Partnership Interests shall be designated as General Partner Interests and Limited Partner Interests, each having such rights, powers, preferences and designations as set forth in this Agreement.
The Partnership Interests shall be designated as General Partner Interests and Limited Partner Interests.
Any Partnership Units representing Limited Partner Interests previously issued hereunder are redesignated as OP Units, and any Partnership Units representing General Partner Interests previously issued hereunder are redesignated as GP Units.
Subject to Section 8.2, the Partnership is authorized to issue the Voting Interests, the General Partner Interests and the Limited Partner Interests.
Each subscriber for General Partnership Interests will become a General Partner of a Partnership entitled to all the rights of a General Partner under the Agreement of Partnership for that Partnership and the Delaware Act upon (i) payment of the consideration for those General Partner Interests specified in that subscriber's Subscription Agreement and (ii) acceptance by the Managing Partner of that subscriber as a General Partner.