Examples of Limited Partners in a sentence
Further Limited Partners may only be admitted to the Partnership as Limited Partners in accordance with clause 9.
Except as otherwise provided in this Agreement, the Limited Partners shall have only those rights granted to limited partners pursuant to the applicable State laws and shall have no right to, nor shall they take any part in or interfere with the conduct, control, or management of the business of the Limited Partnership.
The Subscriber also acknowledges that the General Partner may enter into side letters with certain Limited Partners (which may include the Subscriber) which contain terms different from those in this Agreement or amend and supplement certain provisions of the Limited Partnership Agreement as it applies to such Limited Partners.
No General Partner may assign, mortgage, pledge, sell or otherwise transfer that General Partner's interest as General Partner in the Limited Partnership without the consent of a majority in interest of all other General Partners and the consent of a majority in interest of all of the Limited Partners.
As soon as reasonably practicable after the end of each Accounting Period, each Limited Partner shall be provided with a report audited by an independent certified public accountant selected by the General Partner(s) that contains: the balance sheet of the Limited Partnership as of the last day of that Accounting Period, a statement of profit and loss showing the amounts allocated to or against that Limited Partner's account with respect to that Accounting Period.