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|INSIGHT COMMUNICATIONS COMPANY L P filed this Form S-4 on 10/07/2016|
special, how authorized and the notice given), the names of those present at directors meetings, the number of units present or represented at Partners meetings, and the proceedings thereof. The Secretary shall perform such other duties as may be prescribed from time to time by the General Partner(s) or the Board.
iv) The Treasurer. The Treasurer shall have custody of the Partnership funds and securities and shall keep or cause to be kept full and accurate accounts of receipts and disbursements in books of the Partnership to be maintained for such purpose; shall deposit all moneys and other valuable effects of the Partnership in the name and to the credit of the Partnership in depositories designated by the General Partner(s) or the Board; and shall disburse the funds of the Partnership as may be ordered by the General Partner(s) or the Board.
SECTION 6. Partners.
(a) The Partners of the Partnership shall be set forth on Exhibit A hereto. Other persons or entities may be admitted as Partners from time to time pursuant to the provisions of this Agreement.
(b) No limited partner shall be liable for the debts, liabilities and obligations of the Partnership, including any debts, liabilities and obligations under a judgment, decree or order of a court.
(c) Neither a Partner nor any of its affiliates, partners, members, directors, managers, officers or employees shall be expressly or impliedly restricted or prohibited by virtue of this Agreement or the relationships created hereby from engaging in other activities or business ventures of any kind or character whatsoever. Except as otherwise agreed in writing, each Partner and its affiliates, partners, members, directors, managers, officers and employees shall have the right to conduct, or to possess a direct or indirect ownership interest in, activities and business ventures of every type and description, including activities and business ventures in direct competition with the Partnership.
SECTION 7. Percentage Interests. The Partners or their predecessors-in-interest have heretofore made the capital contributions described in the Prior Agreement. The Percentage Interests or number of partnership units held by each Partner are as set forth in Schedule A attached hereto.
SECTION 8. Distributions. The Partnership may from time to time distribute to the Partners such amounts in cash and other assets as shall be determined by the General Partner(s). Each such distribution, including liquidating distributions, shall be divided among the Partners in accordance with their Percentage Interests.
SECTION 9. Allocations.
(a) Subject to Section 9(b), the profits and losses of the Partnership shall be allocated to the Partners in accordance with their number of partnership units (as set forth in Schedule A).
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