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Common use of Net Worth Maintenance Clause in Contracts

Net Worth Maintenance. The Managing Partner shall at all times maintain a net worth of at least $10,000.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Gyrodyne Company of America Inc), Limited Partnership Agreement (Gyrodyne Co of America Inc)

Related Clauses

  • Maintenance of Tangible Net Worth
  • Property Maintenance
  • REPAIRS; MAINTENANCE
  • Tenant’s Maintenance
  • Common Area Maintenance

Parent Clauses

  • Appointment of Authenticating Agent
  • NEGATIVE COVENANTS
  • Waiver of Usury, Stay or Extension Laws
  • Management
  • Representations of Limited Partners Indemnification
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