Partnership Rights definition

Partnership Rights excludes the Partnership Interest of a Partner, and includes, in addition to other rights provided in this Agreement, the rights provided to him by the Act except to the extent expressly modified by this Agreement.

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Partnership Rights means voting power, property, profits or losses, or partnership interests of a Partner.

Partnership Rights means all of the rights of a Limited Partner in the Partnership, including a Limited Partner's (i) Interest; (ii) right to inspect the Partnership's books and records; (iii) right to vote on matters coming before the Limited Partners; and (iv) only if this Agreement so provides act as an agent of the Partnership.

Examples of Partnership Rights in a sentence

Upon the Assignment of all his Partnership Interest, and the admission of a substitute partner, a Partner shall cease to be a Partner and to have any Partnership Rights.
However, an Assignment does not relieve such General Partner of its obligations and liabilities under this Agreement, or constitute the assignee a General Partner, or confer on the assignee any Partnership Rights.
A Partner ceases to have any Partnership Rights upon his Retirement or complete withdrawal from the Partnership.
Subject to section 24, and only if a Majority in Interest consents, a General Partner may make an Assignment of both its Partnership Interest and its Partnership Rights if the assignee assumes in writing all such General Partner's obligations and liabilities under this Agreement and if all the applicable requirements of section 25 are satisfied.
An assignee of a Limited Partner's Partnership Interest may be admitted and substituted as a Limited Partner and acquire Partnership Rights only upon the satisfactory completion of the requirements specified in section 29.

More Definitions of Partnership Rights

Partnership Rights means, collectively, the Partnership Rights to Payments, the Partnership Agreements and all other interests and rights of the Pledgor in any Partnership now owned or hereafter acquired by the Pledgor, including without limitation any right to cause the dissolution of such Partnership or to appoint or nominate a successor to the Pledgor as a partner in such Partnership and all Proceeds of the foregoing.

Partnership Rights means all of the rights of a Partner of the Venture, including, without limitation, a Partner’s (i) Interest; (ii) right to inspect the Venture’s books and records; and (iii) right, if any, to participate in the management of and vote on matters coming before the Venture in accordance with this Agreement.

Partnership Rights and "Partnership Rights to Payments" have the meanings given them in Section 2.1(b).

Partnership Rights has the meaning set forth in Section 14.1(a); “Partnership Step-In Agreement” has the meaning set forth in Section 16.14;

Partnership Rights means, collectively, any Rights of Exploration and Rights of Exploitation that are granted by the Republic of Suriname to Surgold within the Area of Interest pursuant to the Mineral Agreement, or are issued to Affiliates of Surgold and transferred to Surgold and contributed for use by the Partnership in accordance with Section 15 of this agreement. Immediately after Surgold’s initial contribution pursuant to Section 5.1, the Partnership Rights will consist of the Merian Right of Exploitation and any Additional Rights.

Partnership Rights has the meaning set forth in the LIL Lease;

Partnership Rights has the meaning set forth in Section 5.1(a);]