Common use of Limited Partnership Interest Clause in Contracts

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.

Appears in 7 contracts

Samples: Return Agreement, Partner Joinder Agreement, Return Agreement

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