Additional General Partner definition

Additional General Partner means a Person who is admitted to the Partnership as a General Partner pursuant to Section 4.2 and Section 12.1 hereof and who is shown as such on the books and records of the Partnership.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Additional General Partner means a Partner who purchases Units as an additional general partner, and such Additional General Partner’s transferees and assigns who are admitted as a Substitute Partner. The term “Additional General Partners” shall not include such Partner who converts such Partner’s interest in the Partnership into a Limited Partner interest pursuant to Section 7.8.

Additional General Partner means any Person who is admitted as an Additional General Partner of the Partnership, under the provisions of Article VI, after the date of this Agreement.

Examples of Additional General Partner in a sentence

• In addition, each Additional General Partner shall be jointly and severally liable for any wrongful acts or omissions of the Managing General Partner and/or the misapplication of money or property of a third party by the Managing General Partner acting within the scope of its apparent authority to the extent such acts or omissions are chargeable to the Partnership.

• Neither a Limited Partner nor an Additional General Partner may withdraw from the Partnership, except as otherwise provided in this Agreement.

• Effecting conversion is subject to the satisfaction of the condition that the electing Additional General Partner provide written notice to the Managing General Partner of such intent to convert.

• If, on the other hand, such excess obligations are the result of the negligence or misconduct of an Additional General Partner, or the contravention of the terms of the Partnership Agreement by the Additional General Partner, then the foregoing indemnification by the Managing General Partner shall be unenforceable as to such Additional General Partner and such Additional General Partner shall be liable to all other Partners for damages and obligations resulting therefrom.

• An Additional General Partner may request conversion of his interests for Limited Partner interests at any time after one year following the closing of the securities offering which relates to the Agreement and the disbursement to the Partnership of the proceeds of such securities offering.

More Definitions of Additional General Partner

Additional General Partner means a Person admitted to the Partnership as an additional general partner pursuant to Article Four.

Additional General Partner means a Person that has executed and delivered an additional general partner signature page in the form attached hereto, has been admitted to the Partnership as a General Partner pursuant to Section 4.3 hereof and that is shown as such on the books and records of the Partnership.

Additional General Partner means any Person who is admitted as an Additional General Partner of the Fund, under the provisions of Article VI, after the date of this Agreement. "Adjusted Capital Balance" of a Partner or an Investor means the Capital Contribution of the Partner or the Assignor Limited Partner made on behalf of an Investor, less any Net Proceeds of Sale or Refinancing actually distributed to the Partner or Investor (other than that portion, if any, which is payment of an unpaid Preferred Return), as provided in Article IV herein, at the time of reference thereto. "Administrative General Partner" means ▇▇▇▇▇ Healthcare, Inc., a Maryland corporation, or any Person who is designated as the Administrative General Partner in the Schedule at the time in question. "Affiliate" means (i) any Person directly or indirectly controlling, controlled by or under common control with another Person, (ii) any Person owning or controlling 10% or more of the outstanding voting securities of such other Person, (iii) any officer, director or partner of such Person, and (iv) if A-3

Additional General Partner means any Person who has been admitted as a General Partner, excluding the Managing General Partner, pursuant to the terms of this Agreement.

Additional General Partner means any Person who is admitted as an Additional General Partner of the Partnership, under the provisions of Article VI, after the date of this Agreement. "Adjusted Capital Balance" of a Partner or a Unitholder means the Capital Contribution of the Partner or the Assignor Limited Partner made on behalf of a Unitholder, less any Net Proceeds of Sale or Refinancing actually distributed to the Partner or Unitholder (other than that portion, if any, which is payment of an unpaid Cumulative Return), as provided in Article IV herein, at the time of reference thereto. "Administrative General Partner" means Brown-Benchmark ▇▇▇, Inc., a Maryland corporation, or any Person who is designated as an Administrative General Partner in the Schedule at the time in question. "Affiliate" or "Affiliated Person" means, when used with reference to a specified Person (i) any Person who, directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, the specified Person, (ii) any Person who is an officer, partner, or trustee of, or serves in a similar capacity with respect to, the specified Person, or any Person of which the specified Person is an officer, partner or trustee, or with respect to which the specified Person serves in a similar capacity, (iii) any Person who, directly or indirectly, is the beneficial owner of 5% or more of any class of equity securities of, or otherwise has a substantial beneficial interest in, the

Additional General Partner has the meaning given it in Section 3.7(a).

Additional General Partner means any Person who is admitted as an Additional General Partner of the Partnership, under the provisions of Article VI, after the date of this Agreement. "Adjusted Capital Balance" of a Partner or an Investor means the Capital Contribution of the Partner or the Assignor Limited Partner made on behalf of an Investor, less any Net Proceeds of Sale or Financing actually distributed to the Partner or Investor (other than that portion, if any, which is payment of an unpaid Preferred Return), as provided in Article IV herein, at the time of reference thereto.