PARTNER INTERESTS Sample Clauses
PARTNER INTERESTS. 4.1 The General Partner shall own and hold one percent (1%) of the entire interest in and to the Partnership.
4.2 The Limited Partner shall own and hold ninety-nine percent (99%) of the entire interest in and to the Partnership.
PARTNER INTERESTS. The names, addresses and Capital Contributions of the Limited Partners will be set forth on Schedule A to this Agreement, as such may be amended from time to time by the General Partner. A Person shall be admitted at the Closing as a limited partner of the Investment Partnership at the time that (a) this Agreement or a counterpart hereof and a Subscription Agreement or a counterpart thereof are executed by or on behalf of such Person; and (b) such Person is listed as a limited partner of the Investment Partnership on Schedule A attached hereto. After the Closing, Persons shall be admitted as limited partners of the Investment Partnership as provided in Section 4.4(a) and ARTICLE XIII.
PARTNER INTERESTS. The Seller and Ridgewood Trust are the sole limited partners of the Partnership, provided that no representation is made as to whether Ridgewood has sold or otherwise transferred its interest in the Partnership to any Person. Brea is the sole general partner of the Partnership, holding a 1% interest therein (the "GP Interest"). The Seller holds the interest described in the Partnership Agreement (the "LP Interest"). Brea owns the GP Interest, and Seller owns the LP Interest, in each case free and clear of all Liens. No other party has any rights to acquire or otherwise holds any interest in or has any rights with respect to (i) the Brea Stock, (ii) the GP Interest or (iii) the LP Interest, except as may be otherwise provided in the Partnership Agreement. The Seller will sell and transfer the Brea Stock and LP Interest to the Buyer at the Closing free and clear of all Liens as herein provided.
PARTNER INTERESTS