Common use of Valid Issue Clause in Contracts

Valid Issue. When the Interests are issued to the Partners as contemplated by this Agreement and the Capital Contributions requested to be made by the Partners are made, if any, the Interests issued to the Partners will be duly and validly issued and no liability for any additional capital contributions or for any obligations of the Partnership will attach thereto.

Appears in 2 contracts

Sources: Limited Partnership Agreement, Limited Partnership Agreement

Valid Issue. When the Interests are issued to the Partners as contemplated by this Agreement and the Capital Contributions requested to be made by the Partners are made, if any, the Interests issued to the Partners will be duly and validly issued and no liability for any additional capital contributions or for any obligations of the Partnership will attach thereto.thereto.β€Œ

Appears in 1 contract

Sources: Limited Partnership Agreement