Common use of Admission of Additional Partners Clause in Contracts

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. 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.. Altegris xxxxxx futures fund, l.p. 9