Examples of Class B Limited Partner in a sentence
No Class B Limited Partner may transfer, sell, pledge, assign or otherwise dispose of its interest in the Partnership or in this Agreement unless such Class B Limited Partner simultaneously transfers its interest in the Class A Limited Partner to the transferee of such interest.
No Capital Contribution by a Class B Limited Partner pursuant to this Agreement shall give it any right to receive any distributions or allocations pursuant to this Agreement or give rise to a Capital Account for the Class B Limited Partner.
The General Partner, as such and in its capacity as Class B Limited Partner, will not be entitled to vote at any meeting of Partners.
There will be no need for any certificate to be issued to the General Partner in its capacity as Class B Limited Partner to evidence the number of Class B Units held by it pursuant to section 3.4.
Any Transfers to be made by a Class A Limited Partner or a Class B Limited Partner shall require the approval of the General Partner; provided, however, Transfers to be made by a Class A Limited Partner or a Class B Limited Partner to its Affiliates or equity holders of such Affiliates shall not require approval of the General Partner.