Partnership Subscription definition

Partnership Subscription means the aggregate Agreed Subscriptions of the parties to this Agreement; provided, however, with respect to Participant voting rights under this Agreement, the term "Partnership Subscription" shall be deemed not to include the Managing General Partner's required subscription under .3.03(b)(1).
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Examples of Partnership Subscription in a sentence

  • Subject to the receipt and acceptance by the Managing General Partner of the minimum Partnership Subscription of 100 Units ($1,000,000), there will be two closings, which are tentatively set for November 1, 1999 (the "Initial Closing Date"), and December 31, 1999.

  • Unless at least the minimum Partnership Subscription of $1,000,000 is received on or before December 31, 1999, the offering shall be terminated, in which event no fee shall be payable to you and all funds advanced by purchasers shall be returned to them with interest earned.

  • Pending receipt of the minimum Partnership Subscription of $1,000,000 (100 Units), the Dealer-Manager and you agree that all subscribers shall be instructed to make their checks, drafts, or money orders payable solely to "Atlas Public #8 Ltd., Escrow Agent, National City Bank of PA" as agent for the Partnership.

  • At the request of Participants whose Agreed Subscriptions equal 10% or more of the Partnership Subscription, the Managing General Partner shall call for a vote by Participants.

  • No subscriptions to the Partnership will be accepted after receipt of the maximum Partnership Subscription of $15,000,000 or December 31, 2000, whichever event occurs first (the "Offering Termination Date").

  • Following the receipt of the minimum Partnership Subscription, the funds of the Partnership shall be held in a separate interest-bearing account maintained for the Partnership and shall not be commingled with funds of any other entity.

  • The minimum Partnership Subscription shall equal at least $1,000,000 (100 Units).

  • The Operator may be removed and a new Operator may be substituted at any time upon 60 days advance written notice to the outgoing Operator by the Managing General Partner acting on behalf of the Partnership upon the affirmative vote of Participants whose Agreed Subscriptions equal a majority of the Partnership Subscription.

  • Unless at least the minimum Partnership Subscription of $1,000,000 is received on or before December 31, 2000, the offering shall be terminated, in which event no fee shall be payable to you and all funds advanced by purchasers shall be returned to them with interest earned.

  • Subject to the receipt and acceptance by the Managing General Partner of the minimum Partnership Subscription of 100 Units ($1,000,000), there will be two closings, which are tentatively set for November 1, 2000 (the "Initial Closing Date"), and December 31, 2000.