Class B Limited Partner definition

Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

Class B Limited Partner means any one of the Class B Limited Partners.

Class B Limited Partner means a Limited Partner in its capacity as a holder of Class B Units.

Examples of Class B Limited Partner in a sentence

• No Class B Limited Partner is obligated to make a contribution to the Partnership.

• At such time as a Class B Limited Partner ceases, for any reason other than a Qualifying Termination, to be an active, full-time employee of the General Partner or any of its Affiliates prior to the Vesting Date (as determined by the General Partner in its sole discretion, without regard as to how his status is treated by the General Partner or any of its Affiliates for any of its other compensation or benefit plans or programs), his unvested interest in the Partnership shall be forfeited.

• The initial Capital Account of the General Partner is $1,000, the initial Capital Account of the Class A Limited Partner as of the Closing Date is equal to the Class A Capital Base on the Closing Date, and the initial Capital Account of each Class B Limited Partner is zero.

• The General Partner, the Class A Limited Partner and the Class B Limited Partners of the Partnership are the Persons executing (by power of attorney or otherwise) this Agreement as of the date hereof as the General Partner, the Class A Limited Partner and the Class B Limited Partners, respectively, each of which is admitted to the Partnership as the General Partner, Class A Limited Partner or a Class B Limited Partner, as the case may be, effective as of the date hereof.

• Such admission or issuance shall, in the case of a Class B Limited Partner, specify the Sharing Points applicable thereto.

More Definitions of Class B Limited Partner

Class B Limited Partner means each Limited Partner who is deemed to have made a Capital Contribution pursuant to Section 6.1(d) hereof and who holds Class B Units, and any transferee of the foregoing to the extent permitted hereunder, but only so long as any such Person continues in its capacity as a partner in the Partnership.

Class B Limited Partner means, as of the date hereof, the persons and entities identified and named as such on the attached Schedule B, and thereafter, any Person who is a Class B Limited Partner at the time of reference thereto, in such Person's capacity as a Class B Limited Partner of the Partnership and so indicated on the books of the Partnership.

Class B Limited Partner means Boston Capital Tax Credit Fund IV L.P., a Delaware limited partnership, specifically Series 27 thereof, and any Person or Persons who replaces it as Substituted Limited Partner, but shall not include any Special Limited Partner or Additional Limited Partner.

Class B Limited Partner is defined in the Introductory Paragraph.

Class B Limited Partner means those Limited Partners that hold Class B Interests. It is expected that the General Partner may hold all the Class B Limited Partner Interests. Certificate of Formation shall mean the Certificate of Formation filed with the California Secretary of State pursuant to the formation of the Company, and any amendments thereto or restatements thereof. Code shall mean the Internal Revenue Code of 1986, as amended from time to time. Company shall refer to Keystone Investors - Urban Node Fund II, LP, a California limited partnership. Defaulting Partner shall mean a Limited Partner who fails to make any portion of its Capital Contribution, including any Additional Capital Contribution the Limited Partner has elected to make within the time period permitted hereunder. Disassociation shall mean an action of the General Partner to remove a Limited Partner’s right to participate in management (i.e., removal of its voting Interest) for cause (per Article 12.1) or by operation of law (per Article 12.2). Disassociated Partner shall mean a Limited Partner who has been involuntarily disassociated from the Company by one of the actions described in Article 12.1 or 12.2, or by Voluntary Transfer of its Limited Partnership Interest to a Voluntary Transferee as described in Articles 11.3 through 11.5. Dispute, when capitalized, shall have the meaning set for in Article 13 hereof. Keystone Investors - Urban Node Fund II, LP Limited Partnership Agreement

Class B Limited Partner means the General Partner, in its capacity as a Limited Partner, and any other Subsidiaries of the General Partner who shall own Class B Common Units as a Limited Partner. Code means the Internal Revenue Code of 1986, as amended, and as hereafter amended from time to time. Reference to any particular provision of the Code shall mean that provision in the Code at the date hereof and any successor provision of the Code. Common Stockholders means holders of REIT Shares.

Class B Limited Partner has the meaning ascribed to such term in the preamble of this Agreement.