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 CONSOL and hereby refunds and distributes to CONSOL the initial contribution, in the amount of $980, made by CONSOL in connection with the formation of the Partnership, and 98% of any interest or other profit that may have resulted from the investment or other use of such initial contribution shall be allocated and distributed to CONSOL, and the balance thereof shall be allocated and distributed to the General Partner.
Appears in 3 contracts
Sources: Contribution, Conveyance and Assumption Agreement (CNX Coal Resources LP), Contribution, Conveyance and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (CNX Coal Resources LP)