Former Partners Sample Clauses

Former Partners. The word “Partner” or “Limited Partner” shall be deemed to include reference to former Partners and former Limited Partners to the extent necessary or appropriate, in the good faith judgment of the General Partner to give effect to the economic intent of this Agreement. Without limiting the foregoing, references in Article V and Article VI to “Partner” or “Limited Partner” shall be deemed to include reference to former Partners and former Limited Partners.
AutoNDA by SimpleDocs
Former Partners. The word “Partner” or “Limited Partner” shall be deemed to include reference to former Partners and former Limited Partners to the extent necessary or appropriate, in the good faith judgment of the General Partner to give effect to the economic intent of this Agreement and, for the avoidance of doubt, for the continuation of the rights, duties and liabilities of the parties to this Agreement after a Person has ceased to be a partner of the Partnership. Without limiting the foregoing, references in Article V, Article VI, Article VIII, Article IX and Article XI, to “Partner” or “Limited Partner” shall be deemed to include reference to former Partners and former Limited Partners.
Former Partners. 21 7.1 Status of Former Partners. ................................. 21 7.2 Notice by Former Partner ................................... 21 7.3 Effect of Withdrawal Events on Voting ...................... 21 7.4
Former Partners 

Related to Former Partners

  • Partners If the Partnership declines to purchase said ownership interest under said notice period, each Partner shall jointly and severally be given a first right of refusal within days’ notice to purchase the ownership interest under the same terms and conditions agreed upon by the potential buyer. If more than one (1) Partner agrees to purchase, they shall be obligated to share the terms of the purchase equally.

  • Limited Partners The Limited Partners shall not participate in the general conduct or control of the Partnership’s affairs and shall have no right or authority to act for or to bind the Partnership. The Limited Partners shall not be required to assume, endorse or guarantee any liabilities of the Partnership.

Time is Money Join Law Insider Premium to draft better contracts faster.