Examples of Assignor Limited Partner in a sentence
The Assignor Limited Partner hereby agrees to exercise any and all rights with respect to such Assigned Limited Partnership Interest as directed by the Investor.
The Assignor Limited Partner agrees not to contract away the fiduciary duty owed to the Investors by the Assignor Limited Partner's management under the common law of agency.
At such times as the General Partners deem practicable and as required by the Act, the Certificate and this Agreement shall be amended to reflect the ownership by the Assignor Limited Partner of Assigned Limited Partnership Interests in the amount of such purchased Units.
The Assignor Limited Partner shall have no right to vote or consent with respect to Units owned by the Assignor Limited Partner for its own account and such Units shall not be considered outstanding Units for purposes of determining whether the Majority Vote of the Investors or the Consent of the Investors has occurred.
The purchasers thereof will have the BACs issued to them and will become the holders thereof (the "BAC Holders"), and as such will receive the rights and interests in the limited partnership interest of the Assignor Limited Partner, the beneficial interests of which are assigned to them pursuant to the terms of the Fund Agreement hereinafter referred to.