/Adjustment of the Partnership Agreement Sample Clauses

/Adjustment of the Partnership Agreement. 1. If for the entire Project to be successful, there is the need to undertake extra activities which have not been listed in the description of the Project, those activities shall be jointly undertaken by entities which participate in the Project partnership, according to the share of given partners in the entire budget.
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Related to /Adjustment of the Partnership Agreement

  • Partnership Agreement Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

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