Common use of Partnership Capital Clause in Contracts

Partnership Capital. As of the date of this Agreement, the Partners have been issued Units and have Funded Commitments in the amounts set forth opposite their names on Schedule 3.1. The Managing General Partner shall record all issuances and redemptions of Units on the books of the Partnership. Except as specifically provided in this Agreement or any Subscription Agreement, no Partner (including the Managing General Partner and the Non-Managing General Partner) shall be required to, and no Limited Partner shall have the right to, contribute additional funds or other property to the Partnership. The Partnership may from time to time incur Indebtedness in accordance with Section 3.6 and issue additional Units in accordance with Sections 3.2 and 3.7.

Appears in 3 contracts

Samples: Management and Leasing Agreement (Hines Real Estate Investment Trust Inc), Hines Real Estate Investment Trust Inc, Hines Real Estate Investment Trust Inc

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Partnership Capital. As of the date of this Agreement, the Partners have been issued Units and have Funded Commitments in the amounts set forth opposite their names on Schedule 3.1. The Managing General Partner shall record all issuances and redemptions of Units on the books of the Partnership. Except as specifically provided in this Agreement or any Subscription Agreement, no Partner (including the Managing General Partner and the Non-Managing General Partner) shall be required to, and no Limited Partner shall have the right to, contribute additional funds or other property to the Partnership. The Partnership may from time to time incur Indebtedness in accordance with Section 3.6 and issue additional Units in accordance with Sections 3.2 and Section 3.7.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Hines Real Estate Investment Trust Inc), Assignment and Assumption Agreement (Hines Real Estate Investment Trust Inc)

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