Common use of Interim Period Clause in Contracts

Interim Period. If a Partnership interest is transferred, the Partnership Percentage of any Partner changes, a Partner withdraws from the Partnership or a new Partner is admitted to the Partnership other than on the first day of any Fiscal Year during the Partnership Term, or if the General Partner shall otherwise so elect, then at the discretion of the General Partner the date of such event or election shall commence an Interim Period. An Interim Period shall end on the last day of the Fiscal Year in which the Interim Period began or on the day immediately preceding the beginning of a new Interim Period, whichever is earlier.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

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Interim Period. If a Partnership interest is transferred, the Partnership Percentage of any Partner changes, or a Partner withdraws from the Partnership or a new Partner is admitted to the Partnership other than on the first day of any Fiscal Year Quarter during the Partnership Term, or if the General Partner shall otherwise so elect, then at the discretion of the General Partner the date of such event or election shall commence an Interim Period. An Interim Period shall end on the last day of the Fiscal Year Quarter in which the Interim Period began or on the day immediately preceding the beginning of a new Interim Period, whichever is earlier.

Appears in 1 contract

Samples: Limited Partnership Agreement (PCCW LTD)

Interim Period. If a Partnership interest is transferred, the General -------------- Partner converts to a Limited Partner, the Partnership Percentage of any Partner changes, a Partner withdraws from the Partnership or a new Partner is admitted to the Partnership other than on the first day of any Fiscal Year during the Partnership TermYear, or if the General Partner shall otherwise so elect, then at the discretion of the General Partner the date of such event or election shall commence an Interim Period. An Interim Period shall end on the last day of the Fiscal Year in which the Interim Period began or on the day immediately preceding the beginning of a new Interim Period, whichever is earlier.the

Appears in 1 contract

Samples: E Trade Group Inc

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Interim Period. If a Partnership interest is transferred, the General -------------- Partner converts to a Limited Partner, the Partnership Percentage of any Partner changes, a Partner withdraws from the Partnership or a new Partner is admitted to the Partnership other than on the first day of any Fiscal Year during the Partnership TermYear, or if the General Partner shall otherwise so elect, then at the discretion of the General Partner the date of such event or election shall commence an Interim Period. An Interim Period shall end on the last day of the Fiscal Year in which the Interim Period began or on the day immediately preceding the beginning of a new Interim Period, whichever is earlier.

Appears in 1 contract

Samples: E Trade Group Inc

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