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

• Category: Corporations - Public - Limited Partnerships
• State: Multi-State
• County: Cook
• 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 Cook Illinois Sample Limited Partnership Agreement is a legally binding contract between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. that outlines the terms and conditions of their limited partnership arrangement. This agreement sets forth the rights and responsibilities of both parties involved in the partnership, governing their collaboration in the management, operation, and financial aspects of a regional mall development project. Key provisions in the Cook Illinois Sample Limited Partnership Agreement include: 1. Formation and Purpose: This section details the formation of the limited partnership, stating its purpose and specifying the location of the regional mall project. 2. Contributions and Capital: The parties' respective contributions, whether in cash or property, are outlined here, along with the capital structure and allocation of profits, losses, and expenses. 3. Management and Authority: This clause defines the roles and responsibilities of the general partner (She arson Regional Malls, Inc.) and the limited partner (She arson Regional Malls Depository Corp.) in managing the partnership. It may also establish a management committee or designate decision-making powers. 4. Distributions and Allocations: This section outlines how profits and losses will be distributed among partners, including any special allocations or preferential rights to certain partners. 5. Transferability and Withdrawal: The agreement addresses restrictions on the transferability of partnership interests and procedures for withdrawing from the partnership. 6. Dissolution and Liquidation: The conditions under which the partnership may be dissolved and the process for liquidating its assets are described here. It also specifies the order in which partners are entitled to receive distributions upon liquidation. 7. Governing Law and Dispute Resolution: This clause identifies the jurisdiction whose laws govern the agreement and outlines the procedures for resolving disputes, often through arbitration or mediation. Different types of Cook Illinois Sample Limited Partnership Agreements between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. may include variations based on the specific terms, conditions, and goals of each individual regional mall project. Examples may include agreements for different geographical locations or property sizes, agreements with varying investment amounts or durations, or agreements tailored to specific project stages, such as development, construction, or operation.

Cook Illinois Sample Limited Partnership Agreement is a legally binding contract between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. that outlines the terms and conditions of their limited partnership arrangement. This agreement sets forth the rights and responsibilities of both parties involved in the partnership, governing their collaboration in the management, operation, and financial aspects of a regional mall development project. Key provisions in the Cook Illinois Sample Limited Partnership Agreement include: 1. Formation and Purpose: This section details the formation of the limited partnership, stating its purpose and specifying the location of the regional mall project. 2. Contributions and Capital: The parties' respective contributions, whether in cash or property, are outlined here, along with the capital structure and allocation of profits, losses, and expenses. 3. Management and Authority: This clause defines the roles and responsibilities of the general partner (She arson Regional Malls, Inc.) and the limited partner (She arson Regional Malls Depository Corp.) in managing the partnership. It may also establish a management committee or designate decision-making powers. 4. Distributions and Allocations: This section outlines how profits and losses will be distributed among partners, including any special allocations or preferential rights to certain partners. 5. Transferability and Withdrawal: The agreement addresses restrictions on the transferability of partnership interests and procedures for withdrawing from the partnership. 6. Dissolution and Liquidation: The conditions under which the partnership may be dissolved and the process for liquidating its assets are described here. It also specifies the order in which partners are entitled to receive distributions upon liquidation. 7. Governing Law and Dispute Resolution: This clause identifies the jurisdiction whose laws govern the agreement and outlines the procedures for resolving disputes, often through arbitration or mediation. Different types of Cook Illinois Sample Limited Partnership Agreements between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. may include variations based on the specific terms, conditions, and goals of each individual regional mall project. Examples may include agreements for different geographical locations or property sizes, agreements with varying investment amounts or durations, or agreements tailored to specific project stages, such as development, construction, or operation.