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heir Percentage Interests. The Class B General Partners shall have authority to make any such distributions on behalf of any Partner (i) directly to the United States Treasury and any state or local taxing authority of such amounts as may be necessary to discharge such Partner's income tax liability (including but not lim
artners; (iv) The transferee has paid or agreed to pay all reasonable expenses relating to such admission; and (v) In the event of a transfer of Class A General Partnership Interests or Class B General Partnership Interests, a majority in interest of the Partners have provided written consent to the admission of such transferee
heir Percentage Interests. The Class B General Partners shall have authority to make any such distributions on behalf of any Partner (i) directly to the United States Treasury and any state or local taxing authority of such amounts as may be necessary to discharge such Partner's income tax liability (including but not lim
d Partner's then existing Partnership Interests, as the case may be, in4he-sele-chseretien-ef-sush-Glass-A-Genecal- • ' Partners-being converted to Class A General Partnership Interests in the sole discretion of the then serving Class A General Partners. As conditions precedent to a designated Class B General Partner or a designate
heir Percentage Interests. The Class B General Partners shall have authority to make any such distributions on behalf of any Partner (i) directly to the United States Treasury and any state or local taxing authority of such amounts as may be necessary to discharge such Partner's income tax liability (including but not lim
artners; (iv) The transferee has paid or agreed to pay all reasonable expenses relating to such admission; and (v) In the event of a transfer of Class A General Partnership Interests or Class B General Partnership Interests, a majority in interest of the Partners have provided written consent to the admission of such transferee
Entities connected to both the United States Treasury and Class A General Partnership Interests
Leon Black
PERSONCertificate of Formation
ORGANIZATIONthe Treasury Regulations
ORGANIZATIONAccounting Period
ORGANIZATIONPurchase
LOCATIONOccasioning Dissolution
LOCATIONthe Offer Price
ORGANIZATIONUniform Transfers to Minors Act
ORGANIZATIONAllocation of Profits and Losses
ORGANIZATIONAllocation of Profits
ORGANIZATIONReliance
ORGANIZATIONNet Profit
ORGANIZATIONFederal, State
ORGANIZATIONNet Profit and Net Loss
ORGANIZATIONthe Person or Persons
ORGANIZATIONthe Offered Interests
ORGANIZATIONLimited Partner's Partnership Interests
ORGANIZATIONWithdrawing Partner
PERSON
Wilmington
LOCATIONElysium Management LLC
ORGANIZATION