Common use of Organizational Contributions Clause in Contracts

Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner purchased a 2% General Partner Interest in the Partnership for $20.00 and has been admitted as a General Partner of the Partnership, and the Organizational Limited Partner purchased Common Units representing a 98% Limited Partner Interest in the Partnership for $980.00 and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the Organizational Limited Partner shall cease to be a Limited Partner of the Partnership.

Appears in 6 contracts

Samples: Central Energy Partners Lp, Central Energy Partners Lp, Rio Vista Energy Partners Lp

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Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner purchased a 2% General Partner Interest in the Partnership for $20.00 and has been admitted as a the sole General Partner of the Partnership, and the . The Organizational Limited Partner purchased Common Units representing made an initial Capital Contribution to the Partnership in the amount of $1,000.00 in exchange for a 98% Limited Partner Interest in the Partnership for $980.00 equal to a 100% Percentage Interest and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the Organizational Limited Partner shall cease to be a Limited Partner of the Partnership.

Appears in 2 contracts

Samples: Agreement (Alon USA Partners, LP), Alon USA Partners, LP

Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner purchased a 2% General Partner Interest in the Partnership for $20.00 and has been admitted as a General Partner of the Partnership, and the Organizational Limited Partner purchased 1,909,344 Common Units representing a 98% Limited Partner Interest in the Partnership for $980.00 and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the Organizational Limited Partner shall cease to be a Limited Partner of the Partnership.

Appears in 1 contract

Samples: Rio Vista Energy Partners Lp

Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner purchased a 2% General Partner Interest in the Partnership for $20.00 and has been admitted as a the General Partner of the Partnership, and the . The Organizational Limited Partner purchased Common Units representing made an initial Capital Contribution to the Partnership in the amount of $1,000.00 in exchange for a 98% Limited Partner Interest in the Partnership for $980.00 equal to a 100% Percentage Interest and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the Organizational Limited Partner shall cease to be a Limited Partner of the Partnership.

Appears in 1 contract

Samples: www.envivabiomass.com

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Organizational Contributions. In connection with the ----------------------------- formation of the Partnership under the Delaware Act, the General Partner purchased a 2% General Partner Interest in the Partnership for $20.00 and has been admitted as a General Partner of the Partnership, and the Organizational Limited Partner purchased Common Units representing a 98% Limited Partner Interest in the Partnership for $980.00 and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the Organizational Limited Partner shall cease to be a Limited Partner of the Partnership.

Appears in 1 contract

Samples: Penn Octane Corp

Organizational Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner purchased a 2% General Partner Interest in the Partnership for $20.00 and has been admitted as a the General Partner of the Partnership, and the . The Organizational Limited Partner purchased Common Units representing made an initial Capital Contribution to the Partnership in the amount of $1,000.00 in exchange for a 98% Limited Partner Interest in the Partnership for $980.00 equal to a 100% Percentage Interest and has been admitted as a Limited Partner of the Partnership. As of the Closing DateENVIVA PARTNERS, the Organizational Limited Partner shall cease to be a Limited Partner of the Partnership.LP FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP

Appears in 1 contract

Samples: Agreement (Enviva Partners, LP)

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