Limited Partnership Interest. Subject to the terms and conditions of this Agreement and the Partnership Agreement, herein incorporated by reference and included as EXHIBIT A to this Agreement, LP hereby gives to NLP a Limited Partnership Interest equal to the proportionate share attributable to NLP in accordance with the formula set forth in Section 15.01 of the Partnership Agreement and reflected in EXHIBIT A of the Partnership Agreement, as updated from time to time. This Limited Partnership Interest entitles NLP to participate as a Limited Partner in LP, with voting rights equal to NLP’s Limited Partnership Interest in LP.
Limited Partnership Interest. Upon any additional Capital Contribution by a Partner or any Distribution to a Partner (other than pursuant to a dissolution of the Limited Partnership), the General Partner shall determine the value of the Capital Contribution from or Distribution to such Partner as a proportion of the total current value of all Limited Partnership Property immediately prior to such Capital Contribution or Distribution. The General Partner shall then calculate revised Limited Partnership Interests for each of the Partners so that the Limited Partnership Interests following such Capital Contribution or Distribution shall reflect the value of the Limited Partnership Interest of each Partner prior to such Capital Contribution or Distribution as so determined.
Limited Partnership Interest. A Limited Partnership Interest shall for all purposes be personal property. A Limited Partner has no interest in specific Partnership property.
Limited Partnership Interest. The Partnership Interest held by a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners. A Limited Partnership Interest may be expressed as a number of Units.
Limited Partnership Interest. Subject to the terms and conditions of this Agreement and the Partnership Agreement, herein incorporated by reference and included as Exhibit A to this Agreement, LP hereby gives to NLP a Limited Partnership Interest of one millionth percent (0.000001%) of LP. This Limited Partnership Interest entitles NLP to participate as Limited Partner in LP, with voting rights equal to NLP’s Limited Partnership Interest in LP. NLP acknowledges and agrees that LP is a nonprofit entity, and that neither NLP nor any other person is entitled to distributions of any kind from LP (other than as stipulated in the Partnership Agreement and as permitted by law), including distributions upon the dissolution of LP. NLP is joining LP to participate in its mission and nonprofit work.
Limited Partnership Interest. 13 4.4 Consideration for Hotel Assets . . . . . . . . . . . 13 4.5 Closing of the Purchase of the Casino Assets . . . . 15 4.6
Limited Partnership Interest. A limited partnership interest equal to twenty-five percent (25%) of all the outstanding partnership interests in Purchaser as of the Closing Date. Seller's limited partnership interest shall be subject to all terms and conditions of the Revised Third Amended and Restated Partnership Agreement of Purchaser dated as of December 1, 1997. The parties agree solely for purposes of this Agreement that the value of the 25% limited partnership interest is $8,500,000.00.
Limited Partnership Interest. Subject to the terms and conditions of this Agreement, on the Closing Date (as such term is defined below), Seller shall sell, transfer and deliver the Limited Partnership Interest to Buyer, and Buyer shall purchase the Limited Partnership Interest from Seller.
Limited Partnership Interest. Following the consumation of the purchase of the Initial Interest by Buyer and the acquisition of Salvxxxxxxx'x xxxerest in the Company by Seller, Buyer shall be the sole limited partner of the Company.
Limited Partnership Interest. The General Partner shall also be (and shall be treated as) a Limited Partner to the extent, if any, that it shall acquire a Partnership Interest of a Limited Partner under this Partnership Agreement.
