Back to top

SECOND AMENDED AND RESTATED AGREEMENT OF GENERAL PARTNERSHIP OF UNIVERSAL CITY FLORIDA HOLDING CO. I

General Partnership Agreement

SECOND AMENDED AND RESTATED AGREEMENT OF GENERAL PARTNERSHIP OF UNIVERSAL CITY FLORIDA HOLDING CO. I You are currently viewing:
This General Partnership Agreement involves

ASSOCIATES III LLC | Blackstone Capital Partners III Merchant Banking Fund, LP | BLACKSTONE FAMILY MEDIA PARTNERSHIP III LP | BLACKSTONE MEDIA MANAGEMENT | Blackstone Partners | BLACKSTONE UTP CAPITAL PARTNERS LP | BLACKSTONE UTP OFFSHORE CAPITAL PARTNERS LP | Rank America, Inc | Rank Orlando II, Inc | Rank Orlando, Inc | Rank, Rank I and Blackstone USE Acquisition Company, LLC | Universal City Florida Holding Co | Universal City Holding Co | UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY | Universal Studios, Inc

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: SECOND AMENDED AND RESTATED AGREEMENT OF GENERAL PARTNERSHIP OF UNIVERSAL CITY FLORIDA HOLDING CO. I
Governing Law: Florida     Date: 2/14/2005
Law Firm: Skadden Arps;Simpson Thacher    

Search General Partnership Agreement by:

Document Title:

Entire Document: (optional)

50 of the Top 250 law firms use our Products every day

Exhibit 3.1

 

 

 

 

 

 

SECOND AMENDED AND RESTATED AGREEMENT

OF GENERAL PARTNERSHIP OF

UNIVERSAL CITY FLORIDA HOLDING CO. I

 


 

TABLE OF CONTENTS

 

1.

Formation and Name of Partnership

 

 

 

 

2.

Purpose

 

 

 

 

3.

Principal Place of Business

 

 

 

 

4.

Term

 

 

 

 

5.

Representations

 

 

 

 

6.

Intentionally omitted

 

 

 

 

7.

Loan Arrangements

 

 

 

 

8.

Intentionally omitted

 

 

 

 

9.

Contracts With Interested Entities

 

 

 

 

10.

Joint Approval Matters

 

 

 

 

11.

Management of the Partnership

 

 

 

 

12.

Intentionally omitted

 

 

 

 

13.

Intentionally omitted

 

 

 

 

14.

Staffing

 

 

 

 

15.

Intentionally omitted

 

 

 

 

16.

Calls for Capital Contributions

 

 

 

 

17.

Shift of Control

 

 

 

 

18.

Capital Accounts

 

 

 

 

19.

Allocations of Profits and Losses; Distributions

 

 

 

 

20.

Intentionally omitted

 

 

 

 

21.

Transfers of Interest; Withdrawal

 

 

 

 

22.

Intentionally Omitted

 

 

 

 

23.

Events of Default

 

 

 

 

24.

Limitations on Defaulting Partner

 

 

 

 

25.

Non-Waiver

 

 

 

 

26.

Dissolution Events

 

 

 

 

27.

Winding Up Procedure

 

 

 

 

28.

Improper Dissolution

 

 

 

 

29.

Arbitration Procedure

 

 

i



 

30.

In-Kind Valuation

 

 

 

 

31.

Other Theme Park Attractions

 

 

 

 

32.

Confidentiality

 

 

 

 

33.

Banking; Auditors

 

 

 

 

34.

Initial Expenses

 

 

 

 

35.

Usury Limitations

 

 

 

 

36.

Time of the Essence

 

 

 

 

37.

Notices

 

 

 

 

38.

Applicable Law

 

 

 

 

39.

Fiscal Year

 

 

 

 

40.

Tax Matters Partner; Tax Elections

 

 

 

 

41.

Audit Committee

 

 

 

 

42.

Captions

 

 

 

 

43.

Fair Construction

 

 

 

 

44.

No Third Party Beneficiary

 

 

 

 

45.

Only Agreements

 

 

 

 

46.

Successors and Assigns

 

 

 

 

47.

Intentionally omitted.

 

 

 

 

48.

Affiliate Defined

 

 

 

 

49.

Severability

 

 

 

 

50.

Access to Information

 

 

 

 

51.

Guarantee

 

 

 

 

52.

Limits on exercise of rights

 

 

ii



 

GLOSSARY OF DEFINED TERMS

 

 

Page

Adjusted Capital Account

15

Adjusted Capital Account Deficit

15

affiliate

31

Agreement

1

Authorized UniCo Transaction

17

available

14

Blackstone FMP

1

Blackstone Offshore

1

Blackstone Parent

1

Blackstone Partners

1

Blackstone Representatives

5

Blackstone USE

1

Blackstone UTP

1

Blackstone UTP A

1

Call

7

Call Payments

7

Carrying Value

13

Cash Flow

10

Code

12

Combined Project

2

Credit Agreement

4

Defaulting Partner

19

Dissolution Notice

20

Effective Date

4

Electing Partner

21

Election Notice

21

Event of Default

18

Fiscal Period

13

Gate 1

2

Gate 2

2

HII

1

Hypothetical Income Tax

14

Key Elements

25

Master Site

2

Merger

2

Net Income

12

Net Loss

12

New LP

2

Nonrecourse Deductions

15

Offering Group

17

Original Tour

1

Other UniCo Park

25

 

iii



 

Partner

3

Partner A

9

Partners

3

Partners’ Agreement

3

Partnership

1, 3

Partnership Minimum Gain

16

Prime

9

Process Date

21

Project 1

2

Project 2

2

Purchase Agreement

1

Rank

1

Rank America

1

Rank I

1

Rank Parent

2

Related minority partner

10

Representative

5

Representatives

5

Similar Theme Park

25

Studio

2

Tax Distribution

14

UCDP

2

UCFP

2

UniCo

1