Founding Partners. (i) On the date of this Agreement, immediately following the Holdings Partnership Division, the Founding Partners shall hold the Founding Partner Interests, which shall have the Units (including the class designation) and the Capital and Adjusted Capital Account set forth on Schedule 4.02 and Schedule 5.01, respectively. Upon the Transfer of such Founding Partner Interests to the Founding Partners by Cantor, pursuant to the Cantor Redemption, the Founding Partners were deemed automatically admitted as Limited Partners with respect to such Interests and bound by this Agreement.
Appears in 3 contracts
Samples: BGC Partners, Inc., Newmark Group, Inc., Newmark Group, Inc.
Founding Partners. (i) On the date of this Agreement, immediately following the Holdings Partnership Division, the Founding Partners shall hold the Founding Partner Interests, which shall have the Units (including the class designation) and the Capital and Adjusted Capital Account set forth on Schedule 4.02 and Schedule 5.01, respectively. Upon the Transfer of such Founding Partner Interests to the Founding Partners by Cantor, pursuant to in the Cantor RedemptionHoldings Partnership Division, the Founding Partners were are hereby deemed automatically admitted as Limited Partners with respect to such Interests and bound by this Agreement.
Appears in 3 contracts
Samples: Newmark Group, Inc., BGC Partners, Inc., Newmark Group, Inc.
Founding Partners. (i) On the date of this Agreement, immediately following the Holdings Partnership DivisionSeparation and pursuant to the Cantor Redemption, the Founding Partners shall hold receive the Founding Partner Interests, which shall have the Units (including the class designation) and the Capital and Adjusted Capital Account set forth on Schedule 4.02 and Schedule 5.01, respectively. Upon the Transfer of such Founding Partner Interests to the Founding Partners by Cantor, pursuant to the Cantor Redemption, the Founding Partners were are hereby deemed automatically admitted as Limited Partners with respect to such Interests and bound by this Agreement.
Appears in 1 contract
Samples: BGC Partners, Inc.
Founding Partners. (i) On the date of this Agreement, immediately following the Holdings Partnership DivisionSeparation, the Founding Partners shall hold the Founding Partner Interests, which shall have the Units (including the class designation) and the Capital and Adjusted Capital Account set forth on Schedule 4.02 and Schedule 5.01, respectively. Upon the Transfer of such Founding Partner Interests to the Founding Partners by Cantor, pursuant to in the Cantor RedemptionSeparation, the Founding Partners were are hereby deemed automatically admitted as Limited Partners with respect to such Interests and bound by this Agreement.
Appears in 1 contract
Samples: Newmark Group, Inc.