Common use of Redemption of the Initial LP Interest from the Partnership and Return of Initial Capital Contribution Clause in Contracts

Redemption of the Initial LP Interest from the Partnership and Return of Initial Capital Contribution. The Partnership hereby redeems the Initial LP Interest held by Landmark and hereby refunds and distributes to Landmark the initial contribution, in the amount of $1,000, made by Landmark in connection with the formation of the Partnership, along with any interest or other profit that resulted from the investment or other use of such initial contribution.

Appears in 3 contracts

Sources: Contribution, Conveyance and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (Landmark Infrastructure Partners LP), Contribution, Conveyance and Assumption Agreement (Landmark Infrastructure Partners LP)