Common use of No Effect In Limited Interests Clause in Contracts

No Effect In Limited Interests. If at the time a Person ceases to be a General Partner such Person is also a Limited Partner with respect to an Interest other than its General Partner’s Interest, such cessation shall not affect such Person’s rights and obligations with respect to such Interest.

Appears in 1 contract

Sources: Limited Partnership Agreement (Advanced Prosthetics of America, Inc.)

No Effect In Limited Interests. If at the time a Person ceases to be a General Partner such Person is also a Limited Partner with respect to an Interest other than its General Partner’s 's Interest, such cessation shall not affect such Person’s 's rights and obligations with respect to such Interest.. ARTICLE XII

Appears in 1 contract

Sources: Limited Partnership Agreement (JMA Associates, Inc.)