Texas Limited Partnership Law definition

Texas Limited Partnership Law means Chapters 151, 153, and 154 of the Texas Business Organizations Code (“BOC”), and the provisions of BOC Title 1 to the extent applicable to limited partnerships, all as from time to time amended.
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Texas Limited Partnership Law means those provisions of Texas Business Organizations Code, as amended from time to time, cited as the Texas Limited Partnership Law (or any corresponding provisions of succeeding law).
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Examples of Texas Limited Partnership Law in a sentence

  • The Partnership is organized for the object and purpose of, and the nature of the business to be conducted and promoted by the Partnership is, engaging in any and all activities permitted under the Texas Limited Partnership Law, a Part of the Texas Business Organizations Code, as amended (the “TLPL”).

  • On March 7, 2017, RAH LLC was converted into Royalty Asset Holdings, LP (“RAH LP”), a Texas limited partnership pursuant to the filing of a certificate of conversion with the Secretary of State of the State of Texas and in accordance with the provisions of the Texas Limited Partnership Law.

  • Except as herein stated, the Texas Limited Partnership Law shall govern the rights and liabilities of the Partners.

  • Therefore, it shall be a violation of this Agreement for the General Partner to withdraw voluntarily from the Partnership pursuant to, or to transfer all of its rights as a general partner within the meaning of, the Texas Limited Partnership Law without the prior written consent of a Majority-In-Interest of the Limited Partners.

  • Any withdrawal of the General Partner in violation of Section 10.04 of this Agreement shall be in contravention of this Agreement for purposes of Section 153.162 of the Texas Limited Partnership Law.

  • The Sharyland Member and the TDC Member organized, created and formed the Company as a limited partnership under the Texas Limited Partnership Law (which has the meaning set forth in the Texas Business Organizations Code) on June 28, 2006, by filing with the Secretary of State of the State of Texas a certificate of limited partnership that complied with the requirements of the Texas Limited Partnership Law for the formation of a limited partnership thereunder.

  • The Partnership's business and purpose is (a) to, acquire, own, operate, lease, improve, manage, encumber, assign, transfer, mortgage, pledge and hold, the Projects, and to possibly sell the Project(s), and such activities as are necessary, incidental or appropriate in connection therewith, and (b) to exercise all powers enumerated in the Texas Limited Partnership Law necessary or convenient to the conduct, promotion or attainment of the business or purposes otherwise set forth herein.

  • The General Partner shall manage, or cause to be managed, the Partnership affairs in accordance with the Texas Limited Partnership Law and all other legal requirements and contractual obligations applicable to the Partnership.

  • Except as otherwise provided in this Agreement or in the Texas Limited Partnership Law, no Partner shall demand or receive a return of his Capital Contributions or withdraw from the Partnership without the consent of all Partners.

  • The foregoing shall, without limitation, be deemed to make mandatory the indemnification permitted under the Texas Limited Partnership Law and to authorize advance payment of expenses to the full extent permitted by applicable law.

Related to Texas Limited Partnership Law

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Certificate of Limited Partnership means the Certificate of Limited Partnership of the Partnership filed with the Secretary of State of the State of Delaware as referenced in Section 7.2, as such Certificate of Limited Partnership may be amended, supplemented or restated from time to time.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Partnership Act means the Delaware Revised Uniform Limited Partnership Act, 6 Del. C. §§ 17-101, et seq., as it may be amended from time to time, and any successor to such statute.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Original Limited Partner means the Limited Partners designated as “Original Limited Partners” on Exhibit A hereto.

  • Limited partnership means a limited partnership registered or formed under any law in force in Singapore or elsewhere;

  • Delaware LLC Act means the Delaware Limited Liability Company Act.

  • Organizational Limited Partner means Xxxxx X. Xxxxxxx.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • GP means Gottbetter & Partners, LLP.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Limited Liability Company Interests means the entire limited liability company membership interest at any time owned by any Pledgor in any limited liability company.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.