Common use of Rights of Limited Partner Clause in Contracts

Rights of Limited Partner. In addition to the other rights specifically set forth herein or by non-waivable provisions of applicable law, each Limited Partner shall have the right to: (a) have the Partnership books and records (including without limitation those required in Section 1.07 of the Act) kept at the principal United States office of the Partnership and at all reasonable times to inspect and copy any of them, (b) have on demand true and full information of all things affecting the Partnership and a formal account of Partnership affairs whenever circumstances render it just and reasonable, (c) have dissolution and winding up by decree of court as provided for in the Act and (d) exercise all rights of a limited partner under the Act (except to the extent otherwise specifically provided for herein).

Appears in 3 contracts

Samples: Investors Agreement (Santa Fe Energy Trust), Texoil Inc /Nv/, Encap Investments L C

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Rights of Limited Partner. In addition to the other rights specifically set forth herein or by non-waivable provisions of applicable lawherein, each the Limited Partner shall have the right to: (a) have the Partnership books and records (including without limitation those required in Section 1.07 of the Act) kept at the principal United States office of the Partnership and at all reasonable times to inspect and copy any of them, (b) upon written request, have on demand true and full information an accounting of all things affecting the Partnership and a formal account of Partnership affairs whenever circumstances render it just and reasonablePartnership's business to the extent permitted by the Act, (c) have dissolution and winding up by decree of court as provided for in the Act Act, (d) consult with or advise the General Partner, and (de) exercise all rights of a limited partner under the Act (except to the extent otherwise specifically provided for herein).

Appears in 1 contract

Samples: The Purchase and Sale Agreement (Primeenergy Corp)

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