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Common use of NONASSESSABILITY Clause in Contracts

NONASSESSABILITY. Each Unit shall be paid completely and nonassessable, when issued. 9.3

Appears in 5 contracts

Sources: Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co)

Related Clauses

  • Certificates Nonassessable and Fully Paid
  • Trust Certificates Nonassessable and Fully Paid
  • Partnership Agreement
  • Partnership Agreements
  • LLC Agreement

Parent Clauses

  • Conversion of Securities
  • APPOINTMENT OF AUTHENTICATING AGENT
  • Conversion of Convertible Debentures
  • Conversion of Debentures
  • WAIVER OF STAY OR EXTENSION LAWS

Sub-Clauses

  • AMENDMENT OF AGREEMENT BY GENERAL PARTNER
  • MANAGEMENT
  • VOTING RIGHTS
  • MAJORITY VOTE
  • No Payment When Senior Indebtedness in Default
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