General Partner Capital Contributions. (a) [RESERVED]
General Partner Capital Contributions. (a) Simultaneously with the execution and delivery hereof, the Managing General Partner is contributing to the Partnership and its subsidiaries substantially all of its assets and liabilities in exchange for a managing general partnership interest in the Partnership and admission to the Partnership as a Limited Partner with the number of Units set forth on Exhibit A.
General Partner Capital Contributions. (a) The General Partner shall contribute a minimum of $500,000 to the initial trading capital of the Partnership, initially in $100 cash increments, and shall be issued General Partner Units by the Partnership. Thereafter, the General Partner shall maintain its interest in the capital of the Partnership at no less than the greater of: (i) 1% of aggregate Capital Contributions to the Partnership by all Partners (including the General Partner’s contribution) and (ii) $25,000. Such contribution by the General Partner need not exceed the amount described above and shall be evidenced by General Partner Units or investment in any series of Limited Partner Units. Any General Partner Units purchased thereafter will be at the Net Asset Value of the General Partner Units as of the close of business on the last day of the month in which the General Partner acquires new Units. The General Partner, without notice to or consent of the Limited Partners, may withdraw any portion of its Capital Account balance that is in excess of its required interest described above on any Redemption Date.
General Partner Capital Contributions. (a) As of the date hereof, the General Partner shall contribute, or cause to be contributed, to the Partnership, all of the Property and assets described on Exhibit A (the “Contributed General Partner Property”). To the extent the Contributed General Partner Property was financed by borrowings made by the General Partner or is otherwise subject to any liability, the Partnership shall take subject to or assume the obligations of the General Partner with respect to such indebtedness (or such other liability) concurrently with the contribution by the General Partner thereof (or, if such assumption is not possible, the Partnership shall obligate itself to the General Partner in an amount and on terms equal to such indebtedness or other liability). In exchange for the Contributed General Partner Property, the Partnership shall issue to the General Partner the number of Partnership Units set forth on Exhibit A.
General Partner Capital Contributions. Simultaneously with the execution and delivery hereof, the General Partner shall contribute or cause to be made Capital Contributions of assets described on Schedule 1, and (after giving effect to such contributions) the General Partner shall have made or caused to be made Capital Contributions to 12 the Partnership of money and/or assets in the amount or of the nature set forth on Schedule 2.
General Partner Capital Contributions. The Capital Commitment of the General Partner shall be equal to five times the aggregate Capital Commitments of the Limited Partners (including the Capital Commitments represented by Reserve Interests held by the General Partner). The General Partner shall make Capital Contributions to the Partnership in an amount equal to five times the amount of the Limited Partner Capital Contributions then being used to make an Investment or pay an expense. In no event will the General Partner's aggregate Capital Contributions at any time be less than 1% of the aggregate Capital Contributions of all Partners or greater than five times the aggregate Capital Contributions of all Limited Partners (including the Capital Contributions represented by Reserve Interests held by the General Partner). The General Partner shall receive the Fixed Return on its outstanding Capital Contributions.
General Partner Capital Contributions. At the time of the execution of this Agreement, the General Partner shall make (directly or on behalf of and through PREIT sub) the Capital Contribution shown on Exhibit A attached hereto. The General Partner and PREIT Sub shall initially own General Partner Interests and Limited Partner Interests in the respective amounts set forth for the General Partner on Exhibit A attached hereto.
General Partner Capital Contributions. 12 4.2 LIMITED PARTNER CAPITAL CONTRIBUTIONS..............................................13 4.3 NO OBLIGATION TO MAKE FURTHER CAPITAL CONTRIBUTIONS; NO THIRD PARTY BENEFICIARY.................................................................13 4.4 NO INTEREST; NO RETURN.............................................................14 4.5
General Partner Capital Contributions. (a) Prior to the date hereof, the General Partner contributed, or caused to be contributed, to the Partnership, as a contribution to the capital of the Partnership, all of the Property and assets described on Exhibit A (the "CONTRIBUTED GENERAL PARTNER PROPERTY"). In exchange for the Contributed General Partner Property, the Partnership issued to the General Partner the number of Partnership Units set forth on Exhibit A.
General Partner Capital Contributions. As of the date hereof, the General Partner has a Capital Account Percentage as set forth on Schedule 1. The General Partner may from time to time make Capital Contributions to the Partnership.
