Additional Units. The Partnership may increase the number of authorized Units with the consent of Partners holding a majority of the Units. The cost of additional Units will be determined by the General Partner by dividing the total value of Units outstanding by the number of Units outstanding. The determination will be made as nearly as practicable to the date on which additional Units are to be issued.
Appears in 10 contracts
Samples: Partnership Agreement (Synergy Brands Inc), Partnership Agreement (American Banknote Corp), Partnership Agreement (Miller Lloyd I Iii)
Additional Units. The Partnership may increase the number ---------------- of authorized Units with the consent of Partners holding a majority of the Units. The cost of additional Units will be determined by the General Partner by dividing the total value of Units outstanding by the number of Units outstanding. The determination will be made as nearly as practicable to the date on which additional Units are to be issued.
Appears in 2 contracts
Samples: Partnership Agreement (Aldila Inc), Partnership Agreement (Aldila Inc)
Additional Units. The Partnership may increase the number of authorized Units with the consent of Partners holding a majority of the Units. The cost of additional Units will -7- 8 be determined by the General Partner by dividing the total value of Units outstanding by the number of Units outstanding. The determination will be made as nearly as practicable to the date on which additional Units are to be issued.
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