Examples of New Limited Partner in a sentence
SEVENTEENTH: The New Limited Partner agrees that all or any funds payable to the New Limited Partner (including withdrawal proceeds) may be wire transferred to the New Limited Partner in accordance with the following instructions, until further written notice, signed by one or more of the individuals authorized to act on behalf of the New Limited Partner under Section Twelfth above, to Columbus Avenue Consulting, LLC, 000 Xxxxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000.
The equity owners of the New Limited Partner share in the profits and losses of all investments of the New Limited Partner in the same way on the basis of their proportional ownership, and do not have non- pro rata interests in specified investments of the New Limited Partner.
The New Limited Partner may revoke its consent to electronic delivery of Partnership Information at any time upon written notice to the Partnership and receive all Partnership Information in paper format.
Article 66Liability of a New Limited Partner A limited partner who joins a limited partnership after its formation shall be liable according to Article 62 for the partnership commitments entered into before his entry.
The New Limited Partner is a trust (revocable or irrevocable) (a) that was not formed for the specific purpose of acquiring an interest in the Partnership, (b) in which each of the trustees or other persons authorized to make decisions with respect to the trust and each of the grantors thereof (and any person who has contributed assets to the trust) is an individual who owns at least $5,000,000 in Investments and (c) that has in excess of $5,000,000 in total assets if the trust is an irrevocable trust.