SHARE OF PARTNERS Clause Samples

SHARE OF PARTNERS. (a) Initial share of Partners in the capital and ----------------- votes of the Company are the following: TINTA 26.23%; CEI 33.28 %; ▇▇▇▇ 33.28 % and Eurnekian 7.2%. (b) The proportion existing among such shares shall only be modified hereafter as a result of (i) the lack of subscription, by any of the Partners, of the Shares he has the right to subscribe upon any increase of capital approved by Shareholders' Meeting with the majority required by this Agreement; (ii) the sale or cancellation of subscription rights of Shares of any Partner due to default in payment (section 193 of Companies and Partnerships Act); (iii) the total or partial sale of Shares by any Partner to other Partner or Partners or to third parties, according to the provisions of this Agreement; (iv) the incorporation of new Partners through the subscription of Shares, according to the provisions of this Agreement; or (v) the implementation or application of any other provision from this Agreement which require such modification.
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SHARE OF PARTNERS. OPTIONS --------------------------
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Related to SHARE OF PARTNERS

  • Name of Partnership The name of the Partnership shall be ▇▇▇▇▇▇▇ Investment Partnership, L.P. or such other name as the General Partner may from time to time designate.

  • Purpose of Partnership The exclusive purpose of the Partnership shall be (i) to own and operate those certain restaurants known as Outback Steakhouse® at those addresses listed on Exhibit A, and such additional restaurants, if any, as may be approved by the Company in its sole discretion and as may hereafter be established by the Partnership (individually, the “Restaurant,” or collectively, the “Restaurants”), utilizing the System and the Proprietary Marks owned by or licensed to the Company and (ii) to engage in any other lawful act, business or activity for which limited partnerships may be formed under the Act and engage in any and all activities necessary, advisable, convenient or incidental thereto. The Limited Partners acknowledge and agree that as between the parties hereto, the Company is the sole and exclusive owner of the System and the Proprietary Marks and neither the Limited Partners nor the Partnership have any right, title, or interest in or to the System or the Proprietary Marks, except as specifically provided in Section 4.5 hereof. Nothing contained herein shall be construed as granting the Partnership or any Partner any exclusive or protected trading area. Nothing contained herein shall be construed as obligating the Company to open additional restaurants on behalf of the Partnership or to authorize the Partnership to open additional Restaurants. Nothing contained herein shall be construed as limiting the Company’s, or its Affiliates’, right to open, or license others to open, Outback Steakhouse® restaurants at any location, and neither the Partnership nor any Limited Partner shall have any interest in such restaurants.

  • New Partners No person shall be admitted as a Partner of the Partnership except with the consent of all the Partners who shall determine the terms and conditions upon which such admission is to be effective.

  • Admission of Partners 48 12.1 Admission of Successor General Partner........................... 48 12.2 Admission of Additional Limited Partners......................... 48 12.3 Amendment of Agreement and Certificate of Limited Partnership....

  • Termination of Partnership The Partnership shall terminate when all assets of the Partnership, after payment of or due provision for all Liabilities of the Partnership, shall have been distributed to the Partners in the manner provided for in this Agreement, and the Certificate shall have been canceled in the manner provided by the Act.