Examples of Partnership Agreement in a sentence
The Purchaser understands that the General Partner and its affiliates will receive substantial compensation in connection with the Fund irrespective of the success of its operation and, to the extent permitted by the Partnership Agreement and applicable law, the General Partner and its affiliates are (and in the future may continue to be) engaged in businesses that are competitive with that of the Fund.
Further, the Purchaser agrees that if the Purchaser determines to transfer or assign any of the Interest pursuant to the provisions hereof and of the Partnership Agreement, the Purchaser will cause its proposed transferee(s) to agree to the transfer restrictions set forth herein and therein and to make the representations set forth in (i) and (ii) above.
If BIP shall be required, pursuant to Section 2(B)(e) of Part XV of Schedule A of the BIP Partnership Agreement to pay additional amounts to holders of the BIP Series 14 Units, the Partnership shall pay to the Series 14 Holders such additional amounts as distributions on the Series 14 Units as may be necessary such that the additional amounts paid as distributions by the Partnership shall equal the additional amounts paid by BIP pursuant to 2(B)(e) of Part XV of Schedule A of the BIP Partnership Agreement.
The Purchaser agrees to be bound by all the terms and provisions of the Partnership Agreement, upon its admission as a limited partner of the Fund (a “Limited Partner”).
Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Partnership Agreement.