Common use of Organizational Contributions Clause in Contracts

Organizational Contributions. (a) In connection with the formation of the Partnership under the Xxxxxxxx Islands Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20, for a 2% General Partner Interest in the Partnership and was admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and was admitted as a Limited Partner of the Partnership.

Appears in 9 contracts

Samples: Unit and Warrant Purchase Agreement (Teekay Offshore Partners L.P.), Agreement (Teekay Offshore Partners L.P.), Agreement (Teekay Offshore Partners L.P.)

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Organizational Contributions. (a) In connection with the formation of the Partnership under the Xxxxxxxx Islands Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20, for a 2% General Partner Interest in the Partnership and was has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and was has been admitted as a Limited Partner of the Partnership.

Appears in 1 contract

Samples: Teekay Offshore Partners L.P.

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Organizational Contributions. (a) In connection with the formation of the Partnership under the Xxxxxxxx Islands Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20, for a 2% General Partner Interest in the Partnership (the “Initial General Partner Interest”) and was has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest limited partner interest in the Partnership (the “Initial Limited Partner Interest”) and was has been admitted as a Limited Partner of the Partnership.

Appears in 1 contract

Samples: Capital Product Partners L.P.

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