Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Limited Partnership Agreement

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Limited Partnership Agreement

Entities:

KCS Holding Co.

Date:

2005

Size:

Preview shows 7KB of 39KB total

Price:

$47

ID:

#1911445

 

 

► Corporate ► Bus. Formation ► Limited Partnership Agreements

 

 

Start of Preview


                          LIMITED PARTNERSHIP AGREEMENT



FOR


HARPER TELEPHONE, L.P.

A TEXAS LIMITED PARTNERSHIP


DATED AS OF


DECEMBER 31, 2002
{PAGE}
LIMITED PARTNERSHIP AGREEMENT
OF
HARPER TELEPHONE, L.P.

TRANSFER RESTRICTIONS

THE LIMITED PARTNERSHIP INTERESTS IN HARPER TELEPHONE, L.P. (THE "INTERESTS")
ARE SUBJECT TO THE RESTRICTIONS ON TRANSFER AND OTHER TERMS AND CONDITIONS SET
FORTH IN THIS AGREEMENT. THE INTERESTS HAVE BEEN ACQUIRED FOR INVESTMENT AND
HAVE NOT BEEN REGISTERED UNDER (i) THE SECURITIES LAWS OF THE STATE OF TEXAS
(THE "TEXAS ACT"), (ii) ANY OTHER STATE SECURITIES LAWS, OR (iii) THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE "FEDERAL ACT"). NEITHER THE
INTERESTS NOR ANY PART THEREOF MAY BE OFFERED FOR SALE, PLEDGED, HYPOTHECATED,
SOLD, ASSIGNED, OR TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND
CONDITIONS OF THIS AGREEMENT AND (1) PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE TEXAS ACT OR IN A TRANSACTION WHICH IS EXEMPT FROM
REGISTRATION UNDER THE TEXAS ACT OR WHICH IS OTHERWISE IN COMPLIANCE WITH THE
TEXAS ACT, (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER ANY OTHER
APPLICABLE STATE SECURITIES LAWS OR IN A TRANSACTION WHICH IS EXEMPT FROM
REGISTRATION UNDER ANY SUCH SECURITIES LAWS OR WHICH IS OTHERWISE IN COMPLIANCE
WITH SUCH SECURITIES LAWS, AND (3) PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE FEDERAL ACT OR IN A TRANSACTION WHICH IS EXEMPT FROM
REGISTRATION UNDER THE FEDERAL ACT OR WHICH IS OTHERWISE IN COMPLIANCE WITH THE
FEDERAL ACT.

(Remainder of page intentionally left blank)
{PAGE}
LIMITED PARTNERSHIP AGREEMENT OF

HARPER TELEPHONE, L.P.
A TEXAS LIMITED PARTNERSHIP

THIS LIMITED PARTNERSHIP AGREEMENT (this "Agreement") is made and entered
into as of December 31, 2002, by and among KERRVILLE COMMUNICATIONS MANAGEMENT,
LLC, a Delaware limited liability company ("KCM"), as sole general partner, and
KERRVILLE COMMUNICATIONS ENTERPRISES, LLC, a Delaware limited liability company
("KCE"), as a limited partner.

W I T N E S S E T H:

WHEREAS, the KCM and KCE hereto desire to form a limited partnership under
the provisions of the Texas Revised Limited Partnership Act as enacted in the
State of Texas ("Act") for the purposes hereinafter described; and

WHEREAS, KCM and KCE desire to set forth herein their respective rights,
duties and responsibilities with respect to the Partnership;

NOW, THEREFORE, inconsideration of the premises hereof, and of the mutual
promises, obligations and agreements contained herein, the parties hereto,
intending to be legally bound, do hereby agree as follows:

ARTICLE 1

DEFINITIONS

Section 1.1 Defined Terms

For the purposes of this Agreement, the following defined terms shall have
the meanings ascribed thereto:

"AGREEMENT" OR "PARTNERSHIP AGREEMENT" means this Limited Partnership
Agreement.

"APPROVE," "APPROVED" OR "APPROVAL" refers to, as to the subject matter
thereof, an .express approval contained in a written statement signed by the
appropriate parties as provided in this Agreement.

"CAPITAL CONTRIBUTIONS" means the aggregate and additional contributions
to the capital of the Partnership made by each Partner.

"ENTITY" means any corporation, venture (general or limited), limited
partnership, limited liability company, association, joint stock company, trust
or other business entity or organization.

"FEDERAL ACT" means the Federal Securities Act of 1933, as amended, and
the Federal Securities Exchange Act of 1934, as amended, and all regulations
promulgated under either of them.
{PAGE}
"GENERAL PARTNER" means KERRVILLE COMMUNICATIONS MANAGEMENT, LLC, a
Delaware limited liability company, and its permitted successors and assigns.

"I.R.C" means the Internal Revenue Code of 1986, Title 26 of the United
States Code, as the same may now or hereafter be amended.

"LIMITED PARTNER" means KERRVILLE COMMUNICATIONS ENTERPRISES, LLC, a
Delaware limited liability company, and its permitted successors and assigns.

"NET CASH FLOW" means all cash receipts received during such period and
derived from the operation of the Partnership, minus (i) all costs and expenses
of the Partnership paid during such period (other than depreciation or other
similar noncash expenses) including, without limitation, debt service on any
loan or debt obligation of the Partnership, and minus (ii) any other cash
expenditures made by the Partnership as permitted or required under the terms of
this Agreement during such period, and minus (iii) any taxes required to be paid
by the Partnership to any governmental entity, and minus (iv) funds paid into
any reserve accounts required during such period for the establishment of or
addition to such reserves as the General Partner shall reasonably deem necessary
or appropriate for the proper operation of the business of the Partnership.

"NOTICE" means a written advice or notification required or permitted by
this Agreement, given in the manner provided in Section 8.1.

"PARTNER LOAN" means a loan to the Partnership by one or more Partners
pursuant to Section 3.3.

"PARTNERS" means the General Partner and the Limited Partner and such
other Partners as may be admitted to the Partnership from time to time pursuant
to the terms hereof.

"PARTNERSHIP" means HARPER TELEPHONE, LP a Texas limited partnership,
formed under the Act pursuant to the terms hereof for the limited purposes and
scope set forth herein.


 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC