Examples of Individual General Partner in a sentence
In connection with the Partnership's wind-up and dissolution, the General Partner interests of AFG Leasing Associates II, including the Individual General Partner interest owned by Geoffrey A.
Each Independent Individual General Partner, who is not an "interested person" of the Partnership, as defined by the Act, receives an annual retainer of $5,000 plus a fee for each meeting attended.
After the Closing Date, the Individual General Partners may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Individual General Partners and the provisions of Section 3.3 hereof with respect to the election of Individual General Partners by Partners, admit any person who shall agree to be bound by all of the terms of this Agreement as an Individual General Partner.
Each Limited Partner hereby consents to the admission of any successor Individual General Partner pursuant to this Section 3.03, and no further consent shall be required.
Any Individual General Partner who is an "interested person" does not receive any annual or other fees from the Partnership.
Xxxxx, Xx. (Individual General Partner), as General Partners and Xxxxxxxx Xxx Xxxxx as the original Limited Partner.
Wayne Hughes Title: Chief Executive Officer of Public Storage, Inc., Corporate General Partner and Individual General Partner Date: August 14, 2002 /s/ John Reyes ------------------- Name: John Reyes Title: Chief Financial Officer of Public Storage, Inc., Corporate General Partner Date: August 14, 2002 This certification accompanies the Report pursuant to ss.
Each Individual General Partner shall make a Capital Contribution of $2,000 in cash at the time of such Individual General Partner's admission to the Partnership, for which that Individual General Partner shall receive an interest in the Partnership equivalent to twenty Units, which shall be treated for all allocation purposes under Article 8 and distribution purposes under Article 9 as Units held by a Limited Partner.
In the event that no Individual General Partner remains, the Managing General Partners shall continue the business of the Partnership without dissolution and shall perform all duties of an Individual General Partner under this Agreement and shall, within 90 days, call a special meeting of Limited Partners for the purpose of approving and electing Individual General Partners.
To the extent that an Individual General Partner has a valid claim for indemnification from the Partnership pursuant to Section 10.01 and has pursued such claim against the Partnership, but such claim has not been satisfied, the Managing General Partners, in their separate capacities, jointly and severally, shall satisfy such claim.