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 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 holder of Special Limited Partnership Units.

Examples of Special Limited Partner in a sentence

  • Subject to legal, tax, regulatory or other similar considerations, each Limited Partner holding Partnership Units (other than the Special Limited Partner) agrees to participate in the reinvestment program of distributions to the holders of Partnership Units (the “DRIP” and any participating Limited Partner, a “DRIP Participant”) unless the Limited Partner withdraws pursuant to Section 5.8(b)(v) or otherwise agreed with the General Partner in writing.

  • Distributions on the Performance Allocation may be payable in cash or Class I Units or Class E Units at the election of the Special Limited Partner.

  • If the Special Limited Partner elects to receive such distributions in Class N Units, Class I Units or Class E Units, the Special Limited Partner will receive the number of Class N Units, Class I Units or Class E Units that results from dividing the Performance Allocation or Class N Performance Allocation, as applicable, by the Net Asset Value per Class N Unit, Class I Unit or Class E Unit at the time of such distribution.

  • 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 N Units, Class I Units or Class E Units, as the case may be, pursuant to this Section 8.5 at any time irrespective of the period the Class N Units, Class I Units or Class E Units, as the case may be, have been held by the Special Limited Partner or the Adviser.

  • 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.


More Definitions of Special Limited Partner

Special Limited Partner means American Realty Capital Healthcare Special Limited Partnership, 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 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 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 shall have the meaning set forth in the introduction.
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 ARIS Special Limited Partner, 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 (other than to the extent it owns Partnership Units).