Admission of Additional Limited Partners. No additional Limited Partners shall be admitted to the Partnership; provided however, that the General Partner may admit Substitute Limited Partners at any time pursuant to [Article IX].
Limited Partners. The Limited Partners’ Capital shall be measured in terms of Units and a Limited Partner shall contribute for each Unit purchased. Each Limited Partner shall purchase a minimum of two (2) Units. Each Limited Partner shall contribute to the Partnership as his Initial Capital Contribution an amount equal to the amount of his Capital Commitment as set forth in the Subscription Agreement executed by him and set opposite his name on the signature page attached to this Agreement. The amount of Capital Commitment shall be paid in cash by the Limited Partner upon execution and delivery of the Subscription Agreement.
Limited Partners’ Capital. The total of the Capital Balance of all Limited Partners.
Limited Liability of Limited Partners. No Limited Partner shall be liable for any of the losses, debts or obligations of the Partnership beyond the amount of his Capital Commitment or be required to contribute any capital beyond his Capital Commitment, or be required to lend any funds to the Partnership, except that a Limited Partner may be required by law to return any or all of that portion of his Initial Capital Contribution which has been distributed to him, with interest, if necessary to discharge Partnership liabilities to all creditors who extended credit or whose claims arose prior to such return of capital.
Section # Admission of Limited Partners.
No Priority Among Limited Partners. No Limited Partner shall have any priority over any other Limited Partner as to the return of his Initial Capital Contribution or as to compensation by way of income or as to allocation of profits and losses or distributions of cash.
Section # Dissolution. The Partnership shall not be dissolved by the admission of additional Limited Partners or by the admission of a successor General Partner in accordance with the terms of this Agreement. Upon the removal or withdrawal of the General Partner, if a successor General Partner is elected pursuant to [Section 11.1], [Section 11.2] or [Section 12.2], the Partnership shall not be dissolved and such
Admission. Simultaneously with the effective time of the assignment described in [Section 1] of this Agreement, Purchaser is hereby admitted to the Blocker as the sole member of the Blocker.
admission, substitution, withdrawal or removal of Partners in accordance with this Agreement;
Kalealoa Partners, L.P. Generation Facility (Independent Power Producer) (“KPLP Power Plant”) located at 91-111 Kalaeloa Blvd, Kapolei, Hawai‘i 96707.
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