Examples of Original Partners in a sentence
The Holder further agrees that any shares of Common Stock acquired by means of any conversion as set forth herein shall be further restricted by the terms and conditions set forth in that certain Shareholders' Agreement, dated October 24, 1997, by and among the Company, Holder, and the Original Partners (as such term is defined in the Shareholders' Agreement).
The Limited Partner is hereby designated as an “Original Partner” (for purposes of the Limited Partnership Agreement) by the General Partner and the rights, duties and obligations of the Limited Partner under the Limited Partnership Agreement following his admission to the Partnership shall, except to the extent modified by the terms of this Agreement, be the same as those of the previously admitted Original Partners thereunder.
Notwithstanding the foregoing, Net Income or Net Loss that would result if any asset distributed to a Partner as part of the Investment Distributions had been sold for cash equal to its fair market value at the time of the Investment Distributions shall be allocated pursuant to the foregoing sentence solely to the Original Partners receiving the distribution of such asset.
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.
Pre-Closing Allocations shall be made among the Original Partners and the Ziff Partner in accordance with such Partners’ interests in the Partnership, as determined by the General Partner.