General Partnership Unit definition
General Partnership Unit means a fractional part of a General Partnership Interest as described in Section 3.01.
General Partnership Unit means a single unit of Partnership Interest issued to the General Partner pursuant to Article 4 hereof, as the same may be amended from time to time as provided in this Agreement.
General Partnership Unit shall represent an interest in the Partnership entitling the General Partner to the respective voting and other rights and Profit and Loss as provided for in this Agreement.
Examples of General Partnership Unit in a sentence
Upon the transfer of General Partnership Units by a General Partner, after compliance with Sections 10.1-10.3, the transferee of a General Partnership Unit may not be admitted as a substituted General Partner without the written consent of all other Partners, which consent shall be given or withheld in the sole discretion of each other Partner.
More Definitions of General Partnership Unit
General Partnership Unit shall have the meaning assigned to such term in the Newco Partnership Agreement.
General Partnership Unit means a fractional part of a General Partnership Interest as described in Section 3.01. "Indemnified Person" has the meaning specified in Section 5.07.