Examples of Withdrawing Limited Partner in a sentence
The Partnership shall not be obligated to make any payments or distributions to a Withdrawing Limited Partner.
However, if the calculation period is not one month, the base rate will be the one corresponding to the period that will be calculated based on a method provided for in the agreement.
Nevertheless, all allocations of increases or decreases in the NAV of the Fund attributable to the Interest of the Withdrawing Limited Partner, and any distributions made with respect thereto, shall be made to such Withdrawing Limited Partner through the effective date of withdrawal (but such Withdrawing Limited Partner shall have no right to NAV increases or decreases occurring after the effective date of withdrawal, or to distributions declared after that date).
The purposes of this amendment and restatement to the Original Agreement are to (i) provide for the withdrawal of the Withdrawing Limited Partner as the original limited partner, (ii) provide for the admission of Amerus-Blackstone, L.L.C. as Investor Limited Partner and AmerUs Management, Inc.
Following the admission of such Limited Partners, the Withdrawing Limited Partner withdraws as a limited partner and executes this Agreement solely to evidence such withdrawal.