Limited Partnership Agreement between DAH-IP Holdings, Inc. and DeCrane Aircraft Holdings, Inc. regarding administration of limited partnership dated November 19, 1999. 13 pages.
Mississippi Sample Limited Partnership Agreement Between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Introduction: This Mississippi Sample Limited Partnership Agreement establishes the terms and conditions of a limited partnership between DAHLIA Holdings, Inc. (the "General Partner") and Decade Aircraft Holdings, Inc. (the "Limited Partner"). This agreement outlines the roles, responsibilities, and rights of each party, as well as the rules governing the partnership. 1. Name and Formation: The partnership shall operate under the name "DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Partnership" within the state of Mississippi. The agreement specifies the effective date of the partnership formation and its duration. 2. Purpose: The purpose of this partnership is to engage in the business of aircraft acquisition, management, and leasing, with the goal of generating profits and expanding the assets of both parties. 3. Contributions: The General Partner and Limited Partner shall contribute capital, assets, or services as specified in Schedule A. The agreement outlines the valuation, terms, and conditions of these contributions, including any additional obligations or liabilities. 4. Profits, Losses, and Distributions: The allocation of profits, losses, and distributions shall be as agreed upon by both parties. The partnership agreement may include provisions for the distribution of profits according to the contributed capital, as well as the rights to interim distributions and distributions upon liquidation. 5. Management and Decision-Making Authority: The General Partner shall have the responsibility for managing the partnership's affairs, operations, and decision-making processes. This section outlines the scope of authority, restrictions, and fiduciary duties of the General Partner, while also clarifying the Limited Partner's rights to participate and make certain decisions. 6. Liability and Indemnification: The agreement clarifies the limited liability of the Limited Partner, thus protecting them from personal liability. It also outlines indemnification provisions to protect both parties against potential claims, losses, or expenses arising from partnership activities. 7. Books, Records, and Accounting: The General Partner shall maintain accurate books and records and provide periodic accounting to the Limited Partner. This section establishes the reporting requirements, audit rights, and the use of accounting methods. 8. Dissolution and Liquidation: Provisions for the dissolution and liquidation of the partnership are detailed in this section. It includes the procedures, restrictions, distribution of remaining assets, and the termination of liabilities. Additional Types of Mississippi Sample Limited Partnership Agreements between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc.: 1. Mississippi Sample Limited Partnership Agreement for Real Estate Investment: This agreement would outline the terms and conditions for a limited partnership focusing on real estate acquisition, development, and management. 2. Mississippi Sample Limited Partnership Agreement for Technology Ventures: This agreement would cover a limited partnership formed specifically for investing in technology startups, intellectual property, or innovative ventures. 3. Mississippi Sample Limited Partnership Agreement for Energy Projects: This type of agreement would set out the terms and conditions for a limited partnership engaged in renewable energy projects, such as solar or wind farms, within the state of Mississippi. In conclusion, the Mississippi Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. serves as a comprehensive document that establishes the rights, responsibilities, and operations of the partnership while protecting the interests of both parties.
Mississippi Sample Limited Partnership Agreement Between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Introduction: This Mississippi Sample Limited Partnership Agreement establishes the terms and conditions of a limited partnership between DAHLIA Holdings, Inc. (the "General Partner") and Decade Aircraft Holdings, Inc. (the "Limited Partner"). This agreement outlines the roles, responsibilities, and rights of each party, as well as the rules governing the partnership. 1. Name and Formation: The partnership shall operate under the name "DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Partnership" within the state of Mississippi. The agreement specifies the effective date of the partnership formation and its duration. 2. Purpose: The purpose of this partnership is to engage in the business of aircraft acquisition, management, and leasing, with the goal of generating profits and expanding the assets of both parties. 3. Contributions: The General Partner and Limited Partner shall contribute capital, assets, or services as specified in Schedule A. The agreement outlines the valuation, terms, and conditions of these contributions, including any additional obligations or liabilities. 4. Profits, Losses, and Distributions: The allocation of profits, losses, and distributions shall be as agreed upon by both parties. The partnership agreement may include provisions for the distribution of profits according to the contributed capital, as well as the rights to interim distributions and distributions upon liquidation. 5. Management and Decision-Making Authority: The General Partner shall have the responsibility for managing the partnership's affairs, operations, and decision-making processes. This section outlines the scope of authority, restrictions, and fiduciary duties of the General Partner, while also clarifying the Limited Partner's rights to participate and make certain decisions. 6. Liability and Indemnification: The agreement clarifies the limited liability of the Limited Partner, thus protecting them from personal liability. It also outlines indemnification provisions to protect both parties against potential claims, losses, or expenses arising from partnership activities. 7. Books, Records, and Accounting: The General Partner shall maintain accurate books and records and provide periodic accounting to the Limited Partner. This section establishes the reporting requirements, audit rights, and the use of accounting methods. 8. Dissolution and Liquidation: Provisions for the dissolution and liquidation of the partnership are detailed in this section. It includes the procedures, restrictions, distribution of remaining assets, and the termination of liabilities. Additional Types of Mississippi Sample Limited Partnership Agreements between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc.: 1. Mississippi Sample Limited Partnership Agreement for Real Estate Investment: This agreement would outline the terms and conditions for a limited partnership focusing on real estate acquisition, development, and management. 2. Mississippi Sample Limited Partnership Agreement for Technology Ventures: This agreement would cover a limited partnership formed specifically for investing in technology startups, intellectual property, or innovative ventures. 3. Mississippi Sample Limited Partnership Agreement for Energy Projects: This type of agreement would set out the terms and conditions for a limited partnership engaged in renewable energy projects, such as solar or wind farms, within the state of Mississippi. In conclusion, the Mississippi Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. serves as a comprehensive document that establishes the rights, responsibilities, and operations of the partnership while protecting the interests of both parties.