Additional General Partners Sample Clauses

Additional General Partners. Additional general partners may be admitted with the consent of the General Partner.
AutoNDA by SimpleDocs
Additional General Partners. Except as provided in this Article IX and Section 13.1 hereof, no Person shall be admitted to the Partnership as a General Partner without the unanimous consent of the Partners.
Additional General Partners. At any time, the General Partner, with the Consent of the Special Limited Partner and subject to any applicable approvals of each Authority and each Lender, may admit an additional general partner to the Partnership with such share of the aggregate General Partner's Interest as shall be agreed upon between the General Partners and the additional general partner. Any additional general partner, as a condition of receiving any Interest, shall agree to be bound by the Project Documents and any other document required in connection therewith and by the provisions of this Agreement to the same extent and on the same terms as the General Partner.
Additional General Partners. Except as provided in this Article X and Section 9.1 hereof, no Person shall be admitted to the Partnership as a General Partner without the unanimous consent of the Partners. At any time with the unanimous consent of the Partners any Person (including a Limited Partner) may become a General Partner on such terms and conditions as may be agreed upon. Any person becoming a General Partner will automatically have the rights, authorities, duties, and obligations of a General Partner under this Agreement.
Additional General Partners. 12 Section 6.5.
Additional General Partners. The General Partners may at any time designate one or more additional general partners whose Partnership Interests shall be such as shall be agreed upon by the General Partners and such additional general partners, provided that the Partnership Interests of the Limited Partners shall not be affected thereby.
Additional General Partners. 40 SECTION 12.02. Covenant Not to Withdraw, Transfer, or Dissolve ................ 40 SECTION 12.03.
AutoNDA by SimpleDocs
Additional General Partners. Subject to any other provision of this Agreement, and the Acquisition and Loan Documents, a person may be admitted as a General Partner after the Certificate of Limited Partnership is filed only with the written consent of each General Partner and the vote or written consent of fifty-one percent (51%) of all Partners.
Additional General Partners. 39 11.01 Admission of an Additional or Successor General Partner ....................... 39 ARTICLE XII WITHDRAWAL OR REMOVAL OF GENERAL PARTNERS ........................................ 40 12.01 Withdrawal of General Partner ................................................. 40 12.02 Removal of General Partner .................................................... 41 12.03 Amendment of Agreement and Certificate of Limited Partnership ................. 41 12.04 Interest of Departing Partner and Successor ................................... 41
Additional General Partners. Notwithstanding anything to --------------------------- the contrary herein contained, the General Partner(s) (acting unanimously if there shall be more than one such General Partner) shall have the right at any time, and from time to time, with the Consent of the Limited Partners, to designate one or more Persons as additional General Partner(s). Notice of any such designation shall be promptly given to all the Limited Partners. Any such Person so designated as an additional General Partner shall, after having received the Consent of the Limited Partners, become such upon his acceptance in writing of such position and, if such Person is not already a Partner of the Partnership, his agreeing to be bound by all of the terms and conditions of this Agreement as the same may theretofore have been amended. Provided the Consent of the Limited Partners to the admittance of an additional General Partner shall have been obtained, the consent of all Limited Partners to such admission shall conclusively be deemed to have been given for all purposes. If any Person designated as an additional General Partner under this Article VI shall have theretofore been a Limited Partner of the Partnership, such Person shall be allocated as a General Partner all or such portion as shall be agreed upon by the General Partner(s) and such Person of the percentage of profits, losses and distributions as were previously allocated to him as a Limited Partner. If any Person so designated as an additional General Partner shall not theretofore have been a Partner of the Partnership, his interest as a General Partner shall be such interest as shall thereupon be voluntarily assigned to him by any General and/or Limited Partners.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!