Common use of Admission of Additional or Substitute Members Clause in Contracts

Admission of Additional or Substitute Members. (a) One (1) or more additional or substitute limited partners of the Partnership may be admitted to the Partnership only with the consent of the General Partner. (b) One (1) or more additional or substitute general partners of the Partnership may be admitted to the Partnership only with the consent of the General Partner or, in the event of more than one (1) general partner, only with the consent of a majority of the general partners.

Appears in 12 contracts

Samples: Limited Partnership Agreement (Hughes MRO, Ltd.), Limited Partnership Agreement (Hughes MRO, Ltd.), Agreement of Limited Partnership (HSI IP, Inc.)

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Admission of Additional or Substitute Members. (a) One (1) or more additional or substitute limited partners of the Partnership may be admitted to the Partnership only with the consent of the General Partner. (b) One (1) or more additional or substitute general partners of the Partnership may be admitted to the tax Partnership only with the consent of the General Partner or, in the event of more than one (1) general partner, ; only with the consent of a majority of the general partners.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Hughes MRO, Ltd.), Limited Partnership Agreement (Hughes Water & Sewer, LTD)

Admission of Additional or Substitute Members. (a) One (1) or more additional or substitute limited partners of the Partnership may be admitted to the Partnership only with the consent of the General Partner. (b) One (1) or more additional or substitute general partners of the Partnership may be admitted to the Partnership only with the consent of the General Partner or, in the event of more than one (1) general partner, only with the consent of a majority of the general partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Toll Finance Corp)

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Admission of Additional or Substitute Members. (a) One (1) or more additional or substitute limited partners of the Partnership may be admitted to the Partnership only with the consent of the General Partner. (b) One (1) or more additional or or, substitute general partners of the Partnership may be admitted to the Partnership only with the consent of the General Partner or, in the event of more than one (1) general partner, only with the consent of a majority of the general partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (HSI IP, Inc.)

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