Special Limited Partner definition

Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

Special Limited Partner means Preferred Apartment Advisors, LLC, a Delaware limited liability company, which shall be a limited partner of the Partnership and recognized as such under applicable Delaware law, but not a Limited Partner within the meaning of this Agreement.

Special Limited Partner means the holder of Special Limited Partnership Units.

Examples of Special Limited Partner in a sentence

• Notwithstanding the foregoing, the Special Limited Partner and the Adviser shall have the right to require the Partnership to redeem all or a portion of their Class E Units pursuant to this Section 8.5 at any time irrespective of the period the Partnership Units have been held by the Special Limited Partner or the Adviser.

• No Limited Partner, other than the Special Limited Partner and the Adviser, may deliver more than two Notices of Redemption during each calendar year.

• A Limited Partner other than the Special Limited Partner and the Adviser may not exercise the Redemption Right for less than 1,000 Partnership Units or, if such Limited Partner holds less than 1,000 Partnership Units, all of the Partnership Units held by such Partner.

• The Partnership shall redeem any such Class E Units of the Special Limited Partner or the Adviser for the Cash Amount unless the Board of Directors of the General Partner determines that any such redemption for cash would be prohibited by applicable law or this Agreement, in which case such Class E Units will be redeemed for an amount of Class E REIT Shares with an aggregate Net Asset Value equivalent to the aggregate Net Asset Value of such Class E Units.

More Definitions of Special Limited Partner

Special Limited Partner means any of the persons shown in the books and records of the Partnership as a Special Limited Partner and any person admitted to the Partnership as an additional Special Limited Partner in accordance with the provisions of this Agreement.

Special Limited Partner means the Person designated as “Special Limited Partner” on Exhibit A hereto.

Special Limited Partner has the meaning set forth in the Preamble, which shall be a limited partner of the Partnership and recognized as such under applicable Delaware law, but not a “Limited Partner” within the meaning of this Agreement.

Special Limited Partner means, upon such Person’s admission to the Partnership as a limited partner of the Partnership pursuant to this Section 2(d), a person acting as a Springing Limited Partner, in such person’s capacity as a limited partner of the Partnership. A Special Limited Partner shall only have the rights and duties expressly set forth in this Agreement.

Special Limited Partner means BCTC 94, and any Person who becomes a Special Limited Partner as provided herein, in its capacity as a special limited partner of the Partnership.

Special Limited Partner means American Realty Capital Healthcare III Special Limited Partnership, LLC, which shall be a limited partner of the Partnership and recognized as such under applicable Delaware law, but not a “Limited Partner” within the meaning of this Agreement.

Special Limited Partner shall have the meaning set forth in the introduction.