Continuation and Organization. 9 Section 2.1 Continuation........................................................................................................9 Section 2.2 Name...................................................................................................................9 Section 2.3 Office..................................................................................................................9 Section 2.4 Term of Partnership............................................................................................9 Section 2.5 Purpose of the Partnership................................................................................10 Section 2.6 Actions by Partnership......................................................................................10 Section 2.7 Admission of Limited Partners.........................................................................10 Section 2.8 Schedule of Partners.........................................................................................10 ARTICLE 3 CAPITAL..................................................................................................................11 Section 3.1 Contributions to Capital....................................................................................11 Section 3.2 Rights of Partners in Capital.............................................................................12 Section 3.3 Capital Accounts...............................................................................................12 Section 3.4 Allocation of Profit and Loss............................................................................13 Section 3.5 Tax Allocations.................................................................................................14 Section 3.6 Reserves; Adjustments for Certain Future Events ...........................................14 Section 3.7 Finality and Binding Effect of General Partner’s Determinations....................15 Section 3.8 AEOI.................................................................................................................15 Section 3.9 Alternative GP Vehicles....................................................................................16 ARTICLE 4 DISTRIBUTIONS.....................................................................................................17 Section 4.1 Distributions......................................................................................................17 Section 4.2 Withholding of Certain Amounts......................................................................18 Section 4.3 Limitation on Distributions...............................................................................19 Section 4.4 Distributions in Excess of Basis........................................................................19 Section 4.5 Reclamation of Certain Distributions................................................................20 ARTICLE 5 MANAGEMENT.......................................................................................................20 Section 5.1 Rights and Powers of the General Partner.........................................................20 Section 5.2 Delegation of Duties..........................................................................................21 Section 5.3 Transactions with Affiliates...............................................................................22 Section 5.4 [Intentionally Omitted]......................................................................................22 Section 5.5 Rights of Limited Partners.................................................................................22 Section 5.6 Other Activities of General Partner...................................................................22 Section 5.7 Duty of Care; Indemnification...........................................................................23 Section 5.8 Discretion; Good Faith......................................................................................24 ARTICLE 6 ADMISSIONS, TRANSFERS AND WITHDRAWALS.........................................25 Section 6.1 Admission of Additional Limited Partners; Effect on Points ..........................25 Section 6.2 Admission of Additional General Partner........................................................25 Section 6.3 Transfer of Interests of Limited Partners...........................................................25 Section 6.4 Withdrawal of Partners..................................................................................…27 Section 6.5 Pledges...............................................................................................................27 ARTICLE 7 ALLOCATION OF POINTS; ADJUSTMENTS OF POINTS AND RETIREMENT OF PARTNERS.................................................................................................................................28 Section 7.1 Allocation of Points............................................................................................28 Section 7.2 Retirement of Partner..........................................................................................29 Section 7.3 Additional Points................................................................................................30
Appears in 1 contract
Samples: Apollo Global Management, Inc.
