Initial Partnership Agreement definition
Examples of Initial Partnership Agreement in a sentence
Until the date on which the Investment Distributions occur, the General Partner shall maintain the separate Investment Capital Accounts of the Original Partners, adjusted to take into account items of Fund Net Profits and Fund Net Losses allocated to such Partners under Article VI, in accordance with the principles of the Initial Partnership Agreement.
Items of Fund Net Profits and Fund Net Losses shall be allocated to the Original Partners in accordance with their Investment Percentages consistent with the principles of the Initial Partnership Agreement.
Upon the terms and subject to the conditions of this Agreement, the Autodata Contribution Agreement and the Initial Partnership Agreement, as of the Autodata Contribution Time, Autodata shall be issued 235,000 LP Units in consideration of the LP Autodata Assets.
Proppants and the General Partner shall amend and restate the Initial Partnership Agreement by executing the Partnership Agreement in substantially the form included as Appendix A to the Registration Statement, with such changes as the General Partner and Proppants may agree.
As of the date of this Agreement, all outstanding interests in the Partnership have been authorized and issued in accordance with the provisions of the Initial Partnership Agreement.