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.
The General Partner and the Limited Partner, constituting all of the Partners of the Partnership, hereby amend and restate the Initial Partnership Agreement in its entirety and continue the Partnership under the Act.
Tax credit recipients must provide ADFA with a copy of the executed partnership agreements, including, but not limited to, the Initial Partnership Agreement, the Amended and Restated Limited Partnership Agreement or Operating Agreement promptly upon their execution.
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.