Limit on Number of Partners. No Person shall be admitted to the Partnership as an Additional Partner if the effect of such admission would be to cause the Partnership to have more than 100 Partners, including as Partners for this purpose those Persons indirectly owning an interest in the Partnership through a Flow-Through Entity if substantially all of the value of such Person’s interest in the Flow-Through Entity is attributable to the Flow-Through Entity’s interest (direct or indirect) in the Partnership.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)
Limit on Number of Partners. No Person shall be admitted to the Partnership as an Additional Partner if the effect of such admission would be to cause the Partnership to have more than 100 500 Partners, including as Partners for this purpose those Persons indirectly owning an interest Interest in the Partnership through another partnership, subchapter S corporation or a Flow-Through Entity if substantially all of the value of such Person’s interest in the Flow-Through Entity is attributable to the Flow-Through Entity’s interest (direct or indirect) in the Partnershipgrantor trust.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Tanger Factory Outlet Centers Inc), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Factory Outlet Centers Inc)
Limit on Number of Partners. No Person shall be admitted to the Partnership as an Additional additional Partner if the effect of such admission would be to cause the Partnership to have more than 100 500 Partners, including as Partners for this purpose those Persons indirectly owning an interest in the Partnership through another partnership, subchapter S corporation or a Flow-Through Entity if substantially all grantor trust, or otherwise cause the Partnership to become a reporting company under the Securities Exchange Act of the value of such Person’s interest in the Flow-Through Entity is attributable to the Flow-Through Entity’s interest (direct or indirect) in the Partnership1934, as amended.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Iac Capital Trust), Limited Partnership Agreement (Irvine Apartment Communities L P)
Limit on Number of Partners. No Person shall be admitted to the Partnership as an Additional additional Partner if the effect of such admission would be to cause the Partnership to have more than 100 500 Partners, including as Partners for this purpose those Persons indirectly owning an interest in the Partnership through another partnership, subchapter S corporation or a Flow-Through Entity if substantially all grantor trust, or otherwise cause the Partnership to become a reporting company under the Securities Exchange Act of the value of such Person’s interest in the Flow-Through Entity is attributable to the Flow-Through Entity’s interest (direct or indirect) in the Partnership.1934, as amended. 80 86 ARTICLE 13
Appears in 2 contracts
Sources: Limited Partnership Agreement (Irvine Co Et Al), Limited Partnership Agreement (Irvine Apartment Communities L P)
Limit on Number of Partners. No Person shall be admitted to the Partnership as a Substituted Limited Partner or an Additional Limited Partner if the effect of such admission would be to cause the Partnership to have more than 100 five hundred (500) Partners, including as Partners for this purpose those Persons indirectly owning an interest in the Partnership through a Flow-Through Entity if substantially all of partnership, a limited liability company, a subchapter S corporation or a grantor trust, or otherwise cause the value of such Person’s interest in Partnership to become a reporting company under the Flow-Through Entity is attributable to the Flow-Through Entity’s interest (direct or indirect) in the PartnershipExchange Act.
Appears in 2 contracts
Sources: Limited Partnership Agreement (CRT Properties Inc), Agreement of Limited Partnership (Koger Equity Inc)
Limit on Number of Partners. No Person shall be admitted to the Partnership as an Additional Partner if the effect of such admission would be to cause the Partnership to have more than 100 Partners, including as Partners for this purpose those Persons indirectly owning an interest in the Partnership through a Flow-Through Entity if substantially all of the value of such Person’s interest in the Flow-Through Entity is attributable to the Flow-Through Entity’s interest (direct or indirect) in the Partnership.. NY\5888591.8
Appears in 1 contract
Sources: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)
Limit on Number of Partners. No Person shall be admitted to the Partnership as an Additional Partner if the effect of such admission would be to cause the Partnership to have more than 100 500 Partners, including as Partners for this purpose those Persons indirectly owning an interest in the Partnership through another partnership, subchapter S corporation or a Flow-Through Entity if substantially all of grantor trust, or otherwise cause the value of such Person’s interest in Partnership to become a reporting company under the Flow-Through Entity is attributable to the Flow-Through Entity’s interest (direct or indirect) in the PartnershipExchange Act.
Appears in 1 contract
Sources: Agreement of Limited Partnership (Center Trust Inc)
Limit on Number of Partners. No Person shall be admitted to the Partnership as an Additional Limited Partner if the effect of such admission would be to cause the Partnership to have more than 100 Partners, including as Partners for this purpose those Persons indirectly owning an interest in the Partnership through a Flow-Through Entity if substantially all of the value of such Person’s interest in the Flow-Through Entity is attributable to the Flow-Through Entity’s interest (direct or indirect) in the Partnership.as
Appears in 1 contract
Sources: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)
Limit on Number of Partners. No Person shall be admitted to the Partnership as a Substituted Limited Partner or an Additional Limited Partner if the effect of such admission would be to cause the Partnership to have more than 100 one hundred (100) Partners, including as Partners for this purpose those Persons indirectly owning an interest in the Partnership through another partnership, a Flow-Through Entity if substantially all of limited liability company, a subchapter S corporation or a grantor trust, or otherwise cause the value of such Person’s interest in Partnership to become a reporting company under the Flow-Through Entity is attributable to the Flow-Through Entity’s interest (direct or indirect) in the PartnershipExchange Act.
Appears in 1 contract