Examples of LP Agreements in a sentence
The General Partner’s approval of or consent to any transaction resulting in the substitution of another Person in place of the Partnership as the managing or general partner of any of the Funds or any change to the scheme of distribution under any of the Fund LP Agreements that would have the effect of reducing the Partnership’s allocable share of the Net Income of any Fund shall require the consent of any Limited Partner adversely affected thereby.
The Registered Individual LP Agreements are the limited partnership agreements that govern the Registered Individual LPs. Each Registered Individual LP will be governed by a separate Registered Individual LP Agreement.
After analyzing the timing issue, the parties have agreed that no such benefit accrued to the Funds.In addition, the Pension Fund, somewhat belatedly, has raised the possibility that the potential for the “Special Profits Interest Giveback” described in Section 9.4(e) of the Funds’ LP Agreements could constitute an economic benefit and satisfy the First Circuit’s “investment plus” test.
Under 5.1(c) of the Sun Fund LP Agreements, the General Partners may elect to “waive” their management fees, generating what is termed in the LP Agreements a “Waived Fee Amount.” These “Waived Fee Amounts” reduce the General Partners’ obligation to contribute to future capital calls made by the Sun Funds.
In a related theme, the Sun Funds argue that they cannot be held to have created a joint venture to acquire Scott Brass because they specifically intended instead to form a limited liability company, as demonstrated by the organizational documents of Sun Scott Brass, LLC and the LP Agreements.
This summary does not purport to be complete and reference should be to the Properties Investment LP Agreement and Hotels Investment LP Agreements themselves, copies of which are available from the Properties Investment GP and Hotels Investment GP, respectively.
Assistant Professors of the Practice of may be appointed for terms of not more than three years.
The Growing Importance of Fund Governance –ILPA Principles and Beyond, in 2009 Private Equity & Venture Capital Adjusting to New Market Conditions; Jeffrey Horvitz, LP Agreements Imperil Fiduciary Oversight, Pension & Investments, November 2011.
The principal purpose of the Partnership is to act as the sole general partner or as the managing general partner (as the case may be) of each of the Funds pursuant to their respective Fund LP Agreements and to undertake such related and incidental activities and execute and deliver such related documents necessary or incidental thereto.
The following is a summary of the proposed Holding LP Agreements.