Examples of Limited Partnership Interest in a sentence
The General Partner must not make any Capital Contribution to the Limited Partnership and will not hold a Limited Partnership Interest.
The General Partner will keep and maintain a register that records the Limited Partnership Interest held by the Partners and their respective Capital Contributions in the form set out in Schedule 1.
No Limited Partner may directly or indirectly Transfer all or any part of its Limited Partnership Interest or any of its other rights or interests as a Limited Partner (except by way of an assignment to an Affiliate), nor may there occur any change in control of the ultimate beneficial interest in respect of a Limited Partner, whether voluntary or involuntary, without the prior written consent of the General Partner and the other Limited Partners.
Notwithstanding any provision in Schedule 5, no such transferee of a Limited Partner's Limited Partnership Interest shall become a Substitute Limited Partner without the further written consent of the General Partner and the other Limited Partners.
Any Limited Partner wishing to Transfer all or part of its Limited Partnership Interest must comply with the pre-emptive rights provisions set out in Schedule 5.