Common use of Organizational Limited Partner Clause in Contracts

Organizational Limited Partner. Upon the admission to the Partnership of any Limited Partner, the Organizational Limited Partner shall withdraw from the Partnership as the Organizational Limited Partner and shall be entitled to the return of his Capital Contribution, if any, without interest or deduction, and shall cease to be a Limited Partner of the Partnership.

Appears in 34 contracts

Samples: Agreement (Hatteras Multi-Strategy TEI Fund, L.P.), Agreement (Hatteras Multi-Strategy Institutional Fund, L.P.), Agreement (Hatteras Core Alternatives TEI Institutional Fund, L.P.)

AutoNDA by SimpleDocs

Organizational Limited Partner. Upon the admission to the Partnership of any Limited Partner, the Organizational Limited Partner shall withdraw from the Partnership as the Organizational Limited Partner and shall be entitled to the return of his Capital Contribution, if any, without interest or deduction, and shall cease to be a Limited Partner limited partner of the Partnership.

Appears in 5 contracts

Samples: Hatteras Master Fund, L.P., Hatteras Multi-Strategy Fund I, L.P., Hatteras Multi-Strategy Fund II, L.P.

AutoNDA by SimpleDocs

Organizational Limited Partner. Upon the admission to the Partnership of any Limited Partner, the Organizational Limited Partner shall withdraw from the Partnership as the Organizational Limited Partner and shall be entitled to the return of his Capital Contribution, if any, without interest or deduction, and shall cease to be a Limited Partner of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Wynstone Partners Lp), Limited Partnership Agreement (Troon Partners Lp)

Time is Money Join Law Insider Premium to draft better contracts faster.