Alabama Sample Limited Partnership Agreement between Shearson Regional Malls, Inc. and Shearson Regional Malls Depositary Corp.

• Category: Corporations - Public - Limited Partnerships
• State: Multi-State
• Control #: US-EG-9173
• Format: Word; Rich Text

Description

Amended and Restated Agr. of Limited Partnership of Shopco Regional Malls, LP btwn Shearson Regional Malls, Inc. and Shearson Regional Malls Depositary Corp. dated October 6, 1998. 67 pages The Alabama Sample Limited Partnership Agreement between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. is a legally binding document that outlines the terms and conditions agreed upon by the two parties involved in establishing a limited partnership venture in the state of Alabama. This partnership agreement serves as a foundational framework for the formation, operation, and dissolution of the limited partnership. Key provisions within the Alabama Sample Limited Partnership Agreement include: 1. Partnership Name and Purpose: The agreement clearly states the name of the limited partnership, "She arson Regional Malls," and outlines its purpose, such as acquiring, developing, owning, and managing regional malls within the state. 2. Contributions and Interests: It defines the initial contributions made by each partner and their respective ownership interests in the partnership. This section includes capital contributions, which may be in the form of cash, property, or other assets. 3. General and Limited Partners: The agreement distinguishes between general partners and limited partners. General partners manage the partnership and are personally liable for its debts and obligations, while limited partners provide capital but have limited liability. 4. Management and Decision-Making: It outlines how the partnership will be managed and the decision-making processes among the partners. This includes specifying the rights, powers, and duties of general partners and any requirements for partner meetings or voting. 5. Distributions and Allocations: The agreement details how profits and losses will be allocated among the partners and establishes any preferred return or distribution waterfall mechanisms. It may include provisions for special allocations or distributions during liquidation events. 6. Withdrawal and Dissolution: The agreement outlines the procedures for a partner's withdrawal or dissociation from the limited partnership. It also establishes the circumstances under which the partnership may be dissolved, such as bankruptcy, court order, or unanimous consent of the partners. 7. Dispute Resolution and Governing Law: This section specifies the methods for resolving disputes that may arise between the partners, such as mediation or arbitration. It also identifies the governing law of the agreement, which is typically the state of Alabama. Types of Alabama Sample Limited Partnership Agreements between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. may include variations for different purposes or structures. For example: 1. Real Estate Investment Limited Partnership Agreement: This type of agreement may focus on acquiring and managing a specific portfolio of real estate assets, such as regional malls, as outlined in the partnership's purpose. 2. Growth and Expansion Limited Partnership Agreement: This variation may include provisions for the infusion of additional capital or admission of new limited partners to facilitate the growth and expansion of the partnership's regional mall holdings. 3. Exit Strategy Limited Partnership Agreement: In situations where partners intend to eventually sell or exit the partnership, this type of agreement may outline specific provisions, such as buyout options or mechanisms for valuing partnership interests. It is important to consult legal professionals to ensure the Alabama Sample Limited Partnership Agreement is tailored to the specific needs and goals of the partnership parties.

The Alabama Sample Limited Partnership Agreement between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. is a legally binding document that outlines the terms and conditions agreed upon by the two parties involved in establishing a limited partnership venture in the state of Alabama. This partnership agreement serves as a foundational framework for the formation, operation, and dissolution of the limited partnership. Key provisions within the Alabama Sample Limited Partnership Agreement include: 1. Partnership Name and Purpose: The agreement clearly states the name of the limited partnership, "She arson Regional Malls," and outlines its purpose, such as acquiring, developing, owning, and managing regional malls within the state. 2. Contributions and Interests: It defines the initial contributions made by each partner and their respective ownership interests in the partnership. This section includes capital contributions, which may be in the form of cash, property, or other assets. 3. General and Limited Partners: The agreement distinguishes between general partners and limited partners. General partners manage the partnership and are personally liable for its debts and obligations, while limited partners provide capital but have limited liability. 4. Management and Decision-Making: It outlines how the partnership will be managed and the decision-making processes among the partners. This includes specifying the rights, powers, and duties of general partners and any requirements for partner meetings or voting. 5. Distributions and Allocations: The agreement details how profits and losses will be allocated among the partners and establishes any preferred return or distribution waterfall mechanisms. It may include provisions for special allocations or distributions during liquidation events. 6. Withdrawal and Dissolution: The agreement outlines the procedures for a partner's withdrawal or dissociation from the limited partnership. It also establishes the circumstances under which the partnership may be dissolved, such as bankruptcy, court order, or unanimous consent of the partners. 7. Dispute Resolution and Governing Law: This section specifies the methods for resolving disputes that may arise between the partners, such as mediation or arbitration. It also identifies the governing law of the agreement, which is typically the state of Alabama. Types of Alabama Sample Limited Partnership Agreements between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. may include variations for different purposes or structures. For example: 1. Real Estate Investment Limited Partnership Agreement: This type of agreement may focus on acquiring and managing a specific portfolio of real estate assets, such as regional malls, as outlined in the partnership's purpose. 2. Growth and Expansion Limited Partnership Agreement: This variation may include provisions for the infusion of additional capital or admission of new limited partners to facilitate the growth and expansion of the partnership's regional mall holdings. 3. Exit Strategy Limited Partnership Agreement: In situations where partners intend to eventually sell or exit the partnership, this type of agreement may outline specific provisions, such as buyout options or mechanisms for valuing partnership interests. It is important to consult legal professionals to ensure the Alabama Sample Limited Partnership Agreement is tailored to the specific needs and goals of the partnership parties.