Examples of General Partnership Interest in a sentence
In the event of a transfer of the Company’s General Partnership Interest pursuant to this Article IX, such transfer shall not be construed as entitling the transferee to any right, title or interest in the System and all right, title and interest in the System shall remain the exclusive property of the Company.
A General Partner may transfer its General Partnership Interest in accordance with Section 8.
The Net Asset Value of each Unit of Limited Partnership Interest and each Unit of General Partnership Interest shall be determined by dividing the Net Assets of the Partnership by the aggregate number of Units of Limited and General Partnership Interest outstanding.
Xxxxxx Title: Trustee SCHEDULE A PARTNERS/CAPITAL ACCOUNT/PARTNERSHIP PERCENTAGE General Partner General Partnership Interest Capital Account Partnership Percentage The Trust created under the Agreement, dated September 28, 2000, as supplemented, amended and restated, between Xxxxxx X.
Upon removal of any General Partner, notwithstanding anything herein to the contrary, the General Partnership Interest shall be transferred to the Person being admitted as the new General Partner, simultaneously with admission and without the requirement of any action on the part of the General Partner being removed or any other Person.