Common use of Admission as a Limited Partner Clause in Contracts

Admission as a Limited Partner. Upon execution and delivery of the Limited Partner Acceptance by the Members, at the Closing, and subject to the completion of the Closing, Members who, pursuant to the CEM and the Election Form, receive OP Units in connection with this Agreement, shall be admitted as limited partners of the OP and, as such, shall be subject to, and bound by, the OP Agreement, including the power of attorney granted therein and all the terms and conditions thereof.

Appears in 5 contracts

Samples: Contribution Agreement (Dupont Fabros Technology, Inc.), Contribution Agreement (Dupont Fabros Technology, Inc.), Contribution Agreement (Dupont Fabros Technology, Inc.)

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