Incumbent General Partner definition

Incumbent General Partner has the meaning set forth in the preamble hereof and includes any Person admitted as a substitute incumbent general partner of the Partnership pursuant to the provisions of this Agreement, each in its capacity as an incumbent general partner of the Partnership.
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Incumbent General Partner means the Company in the capacity as Incumbent General Partner under the Limited Partnership Agreement, and includes any Person admitted as a substitute incumbent general partner of the Partnership pursuant to the provisions of the Limited Partnership Agreement, each in its capacity as an incumbent general partner of the Partnership.
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Examples of Incumbent General Partner in a sentence

  • The principal business office of the Partnership shall be located at c/o KBS Capital Advisors LLC, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇, or at such other location as may hereafter be determined by the Incumbent General Partner.

  • In addition, a Partner (other than the Special General Partner) may make additional capital contributions to the Partnership at any time upon the written consent of the Incumbent General Partner.

  • The Incumbent General Partner shall keep or cause to be kept complete and accurate books of account and records with respect to the Partnership’s business.

  • Notwithstanding anything in this Agreement to the contrary but subject to Section 10, any successor to the Incumbent General Partner by merger or consolidation shall, without further act, be the General Partner hereunder, and such merger or consolidation shall not constitute an assignment for purposes of this Agreement and the Partnership shall continue without dissolution.

  • Subject to Section 9(c) and Section 9(d), this Agreement may be modified, altered, supplemented or amended pursuant to a written agreement executed and delivered by each of the Incumbent General Partner and the Special General Partner.

  • The Incumbent General Partner or an authorized designee shall execute, deliver and file any other certificates (and any amendments and/or restatements thereof) necessary for the Partnership to qualify to do business in any jurisdiction in which the Partnership may wish to conduct business.

  • The Officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Incumbent General Partner not inconsistent with this Agreement, are agents of the Partnership for the purpose of the Partnership’s business and, subject to Section 9(c) and Section 9(d), the actions of the Officers taken in accordance with such powers shall bind the Partnership.

  • The Partnership’s independent auditor, if any, shall be an independent public accounting firm selected by the Incumbent General Partner.

  • To the extent that a Partner makes an additional capital contribution to the Partnership, the Incumbent General Partner shall revise Schedule B of this Agreement.

  • The Original Certificate of Limited Partnership of the Partnership has been duly executed and filed by the Incumbent General Partner with the Secretary of State of the State of Delaware.