The Limited Partnership Sample Clauses

The Limited Partnership a. The Partners wish to become legal partners in business. b. The terms and conditions of their Limited Partnership will be outlined in this Agreement. c. If the Agreement is executed, the Limited Partnership will be in effect Agreement. d. The Limited Partnership's principal place of business will be e. The Limited Partnership's primary purpose is
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The Limited Partnership. The Limited Partnership is a limited partnership duly organized, validly existing and in good standing under the laws of the state of its organization, with full power and authority to conduct its business as it is now being conducted.
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The Limited Partnership a. The Partners wish to become legal partners in business. b. The terms and conditions of their Limited Partnership are expressly outlined herein. c. The Limited Partnership's principal place of business will be 00 X. 00xx Xxxxxx, Xxxxx X, Xxxxxxxx, Xxxxxxx, 00000. d. The Limited Partnership's primary purpose is the lawful growing, processing and sale of Industrial Hemp, and/or products derived therefrom. e. The Limited Partnership shall be governed by this agreement and shall comply with the Montana “Uniform Limited Partnership Act”, Title 35, Chapter 12, §§000-00-000 et.seq. MCA, incorporated herein and attached as Appendix “A”, and the Laws of the United States of America. f. The Limited Partnership shall take effect on January 13, 2020. The term of the Limited Partnership shall continue as hereinafter provided: 1) Consistent with the return offered in the Declarations herein above, in the event that the Limited Partner(s) receive proceed distributions equal to three (3x) times its/their capital contribution expressed in Paragraph 5 herein below, the Limited Partnership shall automatically be subject to dissolution, as well as dissociation of the Limited Partner(s), without further obligation of the respective Partners to the other. In such event, the General Partner shall take all necessary action to cause the dissolution of the Limited Partnership and dissociation of the Limited Partner(s), as prescribed in this Agreement and in accordance with the Montana “Uniform Limited Partnership Act”. 2) Consistent with the return offered in the Declarations herein above, and in any event, the Limited Partnership shall expire 63 months from the date capital is withdrawn from the escrow account described in Paragraph 5 below, regardless of Sub-paragraph 2 f(1) herein above, without further obligation of the respective Partners to the other. At such time, Limited Partner(s) shall have received proceed distributions equal to three (3x) times its/their capital contribution expressed in Paragraph 5 herein below. Upon such event, the General Partner shall take all necessary action to cause the dissolution of the Limited Partnership and dissociation of the Limited Partner(s), as prescribed in this Agreement and in accordance with the Montana “Uniform Limited Partnership Act”.
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The Limited Partnership. LP Agreement 4.1.1 The Parties will cause the LP Agreement to be entered into between the General Partner, the KCN Investment Entities and Hydro on the Subscription Date.
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The Limited Partnership. Formation of the Limited Partnership 2.01 The General Partner and the Limited Partners hereby form and enter into a limited partnership in accordance with the provisions of the Act and the terms of this LP Agreement.
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The Limited Partnership a. The Partners wish to become legal partners in business. b. The terms and conditions of their Limited Partnership will be outlined in this Agreement. c. If the Agreement is executed, the Limited Partnership will be in effect on January 28, 2021. The term of this partnership shall continue for a period of 12/31/2026 unless sooner dissolved as hereinafter provided. d. The Limited Partnership's principal place of business will be 0000 X. Xxxxxxxxx Xxxxx Xxxxxx STE 104 Grapevine, TX 76051 e. The Limited Partnership's primary purpose is to aggregate funds to purchase alternative investments and physical assets with the intent to hold or resell for a profit.
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The Limited Partnership 
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Related to The Limited Partnership

  • Substituted Limited Partners A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action, whether at law or in equity, against the Partnership or any Partner. B. A transferee who has been admitted as a Substituted Limited Partner in accordance with this Article 11 shall have all the rights and powers and be subject to all the restrictions and liabilities of a Limited Partner under this Agreement. The admission of any transferee as a Substituted Limited Partner shall be subject to the transferee executing and delivering to the General Partner an acceptance of all of the terms and conditions of this Agreement (including without limitation, the provisions of Section 2.4 and such other documents or instruments as may be required to effect the admission), each in form and substance satisfactory to the General Partner) and the acknowledgment by such transferee that each of the representations and warranties set forth in Section 3.4 are true and correct with respect to such transferee as of the date of the transfer of the Partnership Interest to such transferee and will continue to be true to the extent required by such representations and warranties. C. Upon the admission of a Substituted Limited Partner, the General Partner shall amend Exhibit A to reflect the name, address, number of OP Units, and Percentage Interest of such Substituted Limited Partner and to eliminate or adjust, if necessary, the name, address and interest of the predecessor of such Substituted Limited Partner.

  • Partnership Name The name of the Partnership is “OZ Advisors II LP.” The name of the Partnership may be changed from time to time by the General Partner.