Limited Partner definition

Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

Limited Partner is defined in the Partnership Agreement.

Limited Partner means any Person whose name is referred to as such in the first paragraph of this Agreement and whose name is set forth on Exhibit A to this Agreement as a Limited Partner or who has been admitted as a Substituted Limited Partner pursuant to the terms of this Agreement. “Limited Partners” means all such Persons.

Examples of Limited Partner in a sentence

• The General Partner shall promptly notify each Limited Partner of any change in the principal place of business of the Partnership by updating the Terms and Conditions in accordance with the terms thereof.

• Each Limited Partner will, on request by the General Partner, sign every certificate, agreement or other instrument necessary to comply with any law or regulation of any jurisdiction in South Africa or any other relevant jurisdiction for the continuation and good standing of the Partnership or to otherwise carry out the provisions of this Agreement.

• Upon the admission of a Subsequent Partner, the General Partner shall update the Token Schedule to take into account that person and the Capital Account of the Limited Partner shall, without further ado, be automatically ceded and assigned to the Subsequent Partner.

• If the Partnership is unable to pay its debts to any third person, the liability of each Limited Partner in respect of such liabilities of the Partnership will be limited to the amount of that Limited Partner's Capital Investment as at the time such liability is lawfully required to be paid.

• Each Limited Partner will be bound by any representation or action made or taken by the General Partner pursuant to the power of attorney granted herein and hereby waives any and all defenses which may be available to contest, negate or disaffirm any action of the General Partner taken in good faith under such power of attorney.

More Definitions of Limited Partner

Limited Partner means, unless the context otherwise requires, each Initial Limited Partner, each additional Person that becomes a Limited Partner pursuant to the terms of this Agreement and any Departing General Partner upon the change of its status from General Partner to Limited Partner pursuant to Section 11.3, in each case, in such Person’s capacity as a limited partner of the Partnership.

Limited Partner means any person who is shown on the books and records of the Partnership as a Limited Partner of the Partnership, including any Special Limited Partner and any Nonvoting Limited Partner.

Limited Partner means any Person named as a Limited Partner in Exhibit A attached hereto, as such Exhibit may be amended from time to time, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner in the Partnership.

Limited Partner means a limited partner in a limited partnership.

Limited Partner means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement.

Limited Partner means each of the Persons from time to time listed as a limited partner in the books and records of the Partnership.

Limited Partner means, unless the context otherwise requires, (a) the Organizational Limited Partner prior to its withdrawal from the Partnership, each Initial Limited Partner, each additional person that becomes a Limited Partner pursuant to the terms of this Agreement and any Departing Partner upon the change of its status from General Partner to Limited Partner pursuant to Section 11.3, in each case, in such Person’s capacity as a limited partner of the Partnership; provided, however, that when the term “Limited Partner” is used herein in the context of any vote or other approval, including Article XIII and Article XIV, such term shall not, solely for such purpose, include any holder of an Incentive Distribution Right (solely with respect to its Incentive Distribution Rights and not with respect to any other Limited Partner Interest held by such Person) except as may otherwise be required by law.