Common use of Limited Partnership Agreement Clause in Contracts

Limited Partnership Agreement. The agreement of limited partnership of CCIP/3 as in effect immediately prior to the consummation of the Merger (the “Partnership Agreement”) shall be the agreement of limited partnership of the Surviving Entity until thereafter amended in accordance with the provisions thereof and applicable law. The general partner and each limited partner of the Surviving Entity shall have the rights under, be bound by and be subject to the terms and conditions of, the Partnership Agreement, as a general partner or limited partner, as applicable.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Consolidated Capital Institutional Properties 3), Agreement and Plan of Merger (Consolidated Capital Institutional Properties 3)

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Limited Partnership Agreement. The agreement of limited partnership of CCIP/3 CCIP/2 as in effect immediately prior to the consummation of the Merger (the “Partnership Agreement”) shall be the agreement of limited partnership of the Surviving Entity until thereafter amended in accordance with the provisions thereof and applicable law. The general partner and each limited partner of the Surviving Entity shall have the rights under, be bound by and be subject to the terms and conditions of, the Partnership Agreement, as a general partner or limited partner, as applicable.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Consolidated Capital Institutional Properties 2), Agreement and Plan of Merger (Consolidated Capital Institutional Properties 2)

Limited Partnership Agreement. The agreement of limited partnership of CCIP/3 CCP IV as in effect immediately prior to the consummation of the Merger (the “Partnership Agreement”) shall be the agreement of limited partnership of the Surviving Entity until thereafter amended in accordance with the provisions thereof and applicable law. The general partner and each limited partner of the Surviving Entity shall have the rights under, be bound by and be subject to the terms and conditions of, the Partnership Agreement, as a general partner or limited partner, as applicable.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Consolidated Capital Properties Iv), Agreement and Plan of Merger (Consolidated Capital Properties Iv)

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Limited Partnership Agreement. The agreement of limited partnership of CCIP/3 CCIP as in effect immediately prior to the consummation of the Merger (the “Partnership Agreement”) ), shall be the agreement of limited partnership of the Surviving Entity until thereafter amended in accordance with the provisions thereof and applicable law. The general partner and each limited partner of the Surviving Entity shall have the rights under, be bound by and be subject to the terms and conditions of, the Partnership Agreement, as a general partner or limited partner, as applicable.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Consolidated Capital Institutional Properties)

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