Admission of Additional Partners. After the Private Placement of the Units of Limited Partnership Interest has been terminated by the General Partner, no additional General Partner will be admitted to the Partnership except as described in Paragraph 18(c). The General Partner may take such actions as may be necessary or appropriate at any time to offer new Units or partial Units of Limited Partnership Interest and to admit new or substituted Limited Partners to the Partnership. All subscribers who have been accepted by the General Partner shall be deemed admitted as Limited Partners at the time they are reflected as such in the books and records of the Partnership.
Admission of Additional Partners. One or more additional limited partners of the Partnership may be admitted to the Partnership with the written consent of the General Partner.
Admission of Additional Partners. The admission of additional partners to the Partnership shall be accomplished by the amendment of this Agreement.
Admission of Additional Partners. One or more additional limited partners and general partners of the Partnership may be admitted to the Partnership with the written consent of the General Partner provided that such new limited partner or general partner, as applicable, agrees to be bound by the terms of this Agreement; provided, however, that notwithstanding the foregoing, so long as the Loan remains outstanding, no additional limited partner or general partner, as applicable, may be admitted to the Partnership pursuant to this Section 15 unless expressly permitted by the Loan Documents and Section 2(d), 14 or 15 of this Agreement.
Admission of Additional Partners. Subject to Section 4.2 and Section 6.1(b)(v), the Managing General Partner may admit to the Partnership one or more additional Partners at any time and from time to time and shall establish the rights, powers and privileges of such additional Partners.
Admission of Additional Partners. After the initial offering of Interests has been terminated by the General Partner, the General Partner may, in its discretion, make additional offerings of the Interests. Pursuant to Paragraph 10, the General Partner may consent to and admit any assignee of Interests as substituted Limited Partners. Additional or substitute general partners may be admitted to the Partnership pursuant to Paragraph 17. Upon the admission of any substitute or additional general partner or general partners, this Agreement shall be amended (and each Limited Partner consents to such amendment) so that the provisions of this Agreement shall apply to such general partner or general partners in the same manner as now applicable to the General Partner, to the extent practicable.
Admission of Additional Partners. (a) New or substitute General or Limited Partners may freely be admitted to the Partnership by the General Partner, in its sole and absolute discretion, as a result of Transfer of Partnership Interests permitted hereunder or the issuance of additional Partnership Interests permitted hereunder. Each new Partner shall be admitted pursuant to this Section 15. The Partnership Interest of any such new Partner shall be fixed in accordance with Section 7(d) above, with an appropriate adjustment in the Partnership Interest of the existing Partners. Each new or substitute Partner shall sign a supplement to this Agreement at the time such new Partner is admitted confirming the admission of the new Partner as a Partner hereunder.
(b) In connection with the admission of any new or substitute Partner to the Partnership, the General Partner shall have the power, right, and authority to amend this Agreement to reflect the rights and obligations of such new Partner, including without limitation his or its obligations to contribute to the capital of the Partnership, rights to distributions, or rights to approve or consent to Partnership actions.
(c) In the event any person is admitted as a substitute General Partner, such admission shall occur contemporaneously with withdrawal of the then existing General Partner.
Admission of Additional Partners. Except as provided in Article IX hereof, no additional Partners may be admitted to the Partnership except upon the unanimous consent of the Partners and upon such terms and conditions as the Partners may agree upon.
Admission of Additional Partners. No additional partners shall be admitted to the Partnership without the approval of the Partners.
Admission of Additional Partners. No additional Partners will be admitted after the Closing Date, except as provided in Sections 5.2, 7.1 and 11.2.
