Admission and Withdrawal of Partners. (a) General Partner. (i) The General Partner is BGC GP, LLC. On the date of this Agreement, BGC GP, LLC shall hold the General Partnership Interest, which shall have the Non-Participating Unit and the Capital set forth on Schedule 4.02 and Schedule 5.01, respectively.
Admission and Withdrawal of Partners. Effective at the time the First Closing shall have been consummated, Thaleia is admitted as a Partner and agrees to be bound by the terms and conditions of the Agreement. Effective at the time the Third Closing shall have been consummated, TIFD withdraws as a Partner.
Admission and Withdrawal of Partners. (a) General Partner. (i) The General Partner is Xxxxxxx XX, LLC. On the date of this Agreement, Xxxxxxx XX, LLC shall hold the General Partnership Interest, which shall have the Non-Participating Unit and the Capital set forth on Schedule 4.02 and Schedule 5.01, respectively.
Admission and Withdrawal of Partners. Section 9.1 Assignability Of Partners’ Interests 12 Section 9.2 Event Of Withdrawal Of A General Partner 13 Section 9.3 Death, Incompetency, Bankruptcy Or Dissolution Of A Limited Partner 14 ARTICLE X POWER OF ATTORNEY Section 10.1 Appointment Of General Partner 14 Section 10.2 Power Coupled With Interest 14 ARTICLE XI
Admission and Withdrawal of Partners. Section 4.1. Withdrawal by Partner ----------------------------------- Without the written consent of at least three members of the Committee, no Partner shall withdraw from the Partnership prior to its dissolution pursuant to subsection (a) of Section 5.4 hereof.
Admission and Withdrawal of Partners. 7.1 Admission of Family Members as Limited Partners. A Family Member to whom one or more Limited Partner Units have been Transferred or who otherwise holds such Units and who is not a Limited Partner may be admitted to the Partnership as a Limited Partner with the approval of all the General Partners, upon executing an Admission Agreement. Such actions may be taken before or at the same time as a Transfer of Limited Partners Units, and, if so taken, the admission shall be effective immediately upon the Transfer. If such Family Member is a Declaration of Trust, the grantor thereof may be admitted to the Partnership as a Limited Partner as provided in this Paragraph 7.1. A Family Member who does not hold any Limited Partner Units may be admitted to the Partnership as a Limited Partner with the approval of all the General Partners, upon making a capital contribution in exchange for Limited Partner Units in accordance with Paragraphs 3.3 and 3.4 hereof and executing an Admission Agreement.
Admission and Withdrawal of Partners. Section 11.01. Assignability of a General Partner’s Interest in the Partnership. A General Partner may not sell, transfer, assign, pledge, encumber, mortgage, or otherwise hypothecate (hereinafter in this Article XI hereof collectively referred to as “assign” or “assignment”) the whole or any part of its interest as a General Partner in the Partnership without the prior Majority Vote of the Limited Partners. An assignee of all or part of the interest of a General Partner in the Partnership shall be admitted to the Partnership as a general partner of the Partnership only if a Majority Vote of the Limited Partners approves in writing the admission of such assignee as an additional or successor General Partner. If such vote is obtained, the admission shall be effective upon the filing of an amendment to the Certificate of Limited Partnership with the Secretary of State of the State of Delaware which indicates that such Person has been admitted to the Partnership as a general partner of the Partnership, and shall occur, and for all purposes shall be deemed to have occurred, immediately prior to the time the assignor ceases to be a general partner of the Partnership. Upon the filing of an amendment to the Certificate of Limited Partnership with the Secretary of State of the State of Delaware which indicates that a General Partner is no longer a general partner of the Partnership, such General Partner shall at that time cease to be a general partner of the Partnership.
Admission and Withdrawal of Partners. Section 8.1. Assignability of a General Partner's Interest in the Partnership. The General Partner may sell, transfer, assign, pledge, encumber, mortgage, or otherwise hypothecate (hereinafter in this Article VIII collectively referred to as "assign" or "assignment") the whole or any part of its interest as a General Partner in the Partnership without the prior written consent of the Limited Partner. An assignee of all or part of the interest of a General Partner in the Partnership shall be admitted to the Partnership as a general partner of the Partnership only if the assigning General Partner and any other General Partners approve in writing the admission of such assignee as an additional or successor General Partner. Such additional or successor General Partner is hereby authorized to and shall continue the Partnership without dissolution. Upon the admission of such additional or successor General Partner, an assignor of its entire interest as a General Partner shall at that time cease to be a general partner of the Partnership.
Admission and Withdrawal of Partners. Except with the consent of the Managing Partner, no Partner shall be admitted to the Partnership or permitted to withdraw or resign from the Partnership other than as a result of a Transfer permitted under Sections 8.2 and 8.3. If any Partner withdraws or resigns from the Partnership in violation of this Amended and Restated Agreement, any unpaid balance of such Partner's Capital Contribution shall become immediately due and payable and such Partner shall not be entitled to any further distributions from the Partnership.
Admission and Withdrawal of Partners
