Limited Partner Not a General Partner. If any provision of this Agreement has the effect of imposing upon any Limited Partner (other than the General Partner) any of the liabilities or obligations of a general partner under the Act, that provision will be of no force and effect.
Limited Partner Not a General Partner. If any provision of this Agreement has the effect of imposing upon a Limited Partner any of the liabilities or obligations of a general partner under the Act, such provision shall be of no force and effect. The intention of the parties hereto in entering into this Agreement is to form a limited partnership and to be in relation as between themselves and toward others of general partners (Parties of the First Part and Second Part) and limited partners (Parties of the Third Part and Fourth Part) and not general partners and general partners and not debtors and creditors and not agents and principals and not trustees and beneficiaries (except that in renting Partnership Vehicles, the General Partners will be the agent of the Partnership as undisclosed principal).
Limited Partner Not a General Partner. If any provision of this Agreement has the effect of imposing upon any Limited Partner (other than the General Partner) any of the liabilities or obligations of a general partner under the Act, such provision shall be of no force and effect. The parties have executed this Agreement as of the date first written above. SPARTAN FUND GP INC., as General Partner By: Name: Xxxx Xxxxxxx Title: President ALPINE GLOBAL SUSTAINABILITY FUND (2022 VINTAGE) LIMITED PARTNERSHIP, by its General Partner, SPARTAN FUND GP INC. Name: Xxxx Xxxxxxx Title: President BEROST CORP., as Initial Limited Partner Name: Xxxx Xxxxxxx Title: President Schedule A – Net Asset Value The Net Asset Value of the Partnership or of any Class or Series of a Class as of any date shall equal the fair market value of the assets of the Partnership or the value of the assets attributed to such Class or such Series, as applicable, as of such date, less an amount equal to the total Partnership liabilities as of such date or the total Partnership liabilities attributed to such Class or such Series as of such date. The Net Asset Value, the Net Asset Value per Unit, the Net Asset Value for each Class of Units and the Class Net Asset Value per Unit will be determined by the General Partner or such other person as the General Partner in accordance with the terms herein on each Valuation Date. The Net Asset Value and each Series Net Asset Value, as at the relevant Valuation Date, will be calculated by the General Partner or such other person as the General Partner may direct on or about the 105th day following the relevant Valuation Date (and on or about the 195th day following the Valuation Date in the fourth quarter of a calendar year). The Partnership’s investment in an Underlying Fund will generally be valued at the value provided by the Underlying Fund. The Partnership is authorized to make determinations of the Partnership’s Net Asset Value on the basis of estimated numbers provided by an Underlying Fund and it is expected that the Partnership will accept such valuations. The Underlying Funds may use valuation principles and accounting standards that are different from the principles and standards used by the Partnership. Neither the General Partner nor the Manager is expected to review any such valuations in detail. However, if the Manager, in consultation with the General Partner, determines that the valuation of an Underlying Fund does not fairly represent fair value, the Manager, in consultation wit...
