Admission of General Partners. A Limited Partner, or the transferee of all or part of the Partnership Interest of the General Partner, may be admitted to the Partnership as a general partner upon furnishing to the General Partner all of the following:
(a) The written consent of both the General Partner and a Majority in Interest of the Limited Partners, which consent may be granted or denied in the sole discretion of the Partners;
(b) Such financial statements, guarantees or other assurances as the General Partner may require with regard to the ability of the proposed general partner to fulfill the financial obligations of a general partner hereunder;
(c) Acceptance, in form satisfactory to the General Partner, of all the terms and provisions of this Agreement and any other documents required in connection with the operation of the Partnership pursuant to the terms of this Agreement;
(d) A certified copy of a resolution of its Board of Directors (if it is a corporation) authorizing it to become a general partner under the terms and conditions of this Agreement;
(e) A power of attorney substantially identical to that contained in Article 37;
(f) Such other documents or instruments as may be required in order to effect its admission as a general partner; and
(g) Payment of such reasonable expenses as may be incurred in connection with its admission as a general partner.
Admission of General Partners. No additional or substitute general partners may be admitted without the consent of General Partner.
Admission of General Partners. No additional or substitute general partners may be admitted without the consent of General Partner. No Redemption. No Limited Partner shall be entitled to receive a return of or interest on its Capital Contributions or Capital Account, no Partner shall withdraw any portion of its Capital Contributions or receive any distributions from the Fund as a return of capital on account of such Capital Contributions, and the Fund shall not redeem the Interest of any Partner. Partner Loans. No Partner shall be required to make any loans to the Fund.
Admission of General Partners. (a) If a General Partner proposes to Transfer any or all of its GP Units to an Affiliate of such General Partner pursuant to Section 6.2, such Affiliate shall be admitted as a General Partner without the approval of any other Partner.
(b) Except as provided in Sections 12.1(a), 13.1(b), 13.1(c), 17.1 or 17.2, a Person shall be admitted as a General Partner only if such admission is proposed by the General Partners and Approved by the Unitholders.
(c) A Person shall not be admitted as a General Partner unless the Partnership receives (i) a Limited Liability Opinion, a Tax Opinion and an Assignment Opinion with respect to such admission, (ii) a copy of this Agreement amended to reflect the admission of such Person as a General Partner, (iii) the written agreement of such Person to carry on the business of the Partnership, and (iv) such other documents or instruments as may be required under this Agreement and applicable law in order to effect the admission of such Person as a General Partner.
Admission of General Partners. Upon the consent of a majority of the General Partners, a new general partner may be admitted to the Partnership, PROVIDED that: (I) if CD Tech Fund II, LLC has become a Special Assignee pursuant to Section 9.1(a), CD Tech Fund II, LLC may be replaced by XX XX with an entity controlled by the then chief executive officer of MMC Capital; and (II) subject to the provisions of Article IX of this Agreement, there shall be no reduction or dilution of Points held by any Tier 1 Partner without the prior written consent of such Tier 1 Partner.
Admission of General Partners. SECTION 13.01. Admission of Additional and Successor General Partner.........60
Admission of General Partners. 17 7.4 Withdrawal of General Partner.......................................................... 18 7.5 Event of Withdrawal With Respect to General Partner.................................... 18 7.6 Withdrawal of Limited Partner.......................................................... 18 7.7 Termination of Limited Partner Status.................................................. 18 ARTICLE VIII.................................................................................. 18 8.1 Events Causing Dissolution............................................................. 18 8.2
Admission of General Partners. A person may be admitted to the Partnership as a General Partner only as follows:
(a) A Family Member to whom one or more General Partner Units are to be Transferred as permitted by Paragraph 6.1(b) hereof or who otherwise holds such Units and who is not a General Partner, may be admitted to the Partnership as a General Partner with the approval of all the General Partners, upon executing an Admission Agreement and acquiring one or more of such Units.
(b) A person who has been appointed as a new General Partner in accordance with Paragraph 8.1(b) hereof shall be admitted to the Partnership as a General Partner upon purchasing General Partner Units in accordance with Paragraph 6.7 hereof and executing an Admission Agreement.
(c) A person not described in Paragraph 7.3(a) or (b) hereof to whom one or more General Partner Units are to be Transferred as permitted by Paragraph 6.1(b) hereof and who is not a General Partner, may be admitted to the Partnership as a General Partner with the approval of all the Partners, upon executing an Admission Agreement and acquiring one or more of such Units.
Admission of General Partners. Upon the consent both of C&I GP and of a majority of the Tier 1 General Partners, a new general partner may be admitted to the Partnership, PROVIDED that (I) if CD C&I Fund, LLC has become a Special Assignee pursuant to Section 9.1(a), CD C&I Fund, LLC may be replaced by C&I GP with an entity controlled by the then chief executive officer of MMC Capital and (II) subject to the provisions of Article IX of this Agreement, there shall be no reduction or dilution of Points held by any Tier 1 Partner without the prior written consent of such Tier 1 Partner.
Admission of General Partners. SECTION 13.01. Admission of Additional and Successor General Partner. An additional or successor general partner approved pursuant to Section 12.04, 14.01 or 15.01(b) shall be admitted to the Partnership as a General Partner (in the place of or in addition to, as the case may be, the General Partner), effective as of the date that an amendment to the Certificate of Limited Partnership, adding its name and other required information, is filed pursuant to Section 6.01(c) (which, in the event the successor or transferee General Partner is in the place in whole of the withdrawing, removed or transferor General Partner, shall be contemporaneous with the withdrawal of such withdrawing, removed or transferor General Partner without dissolution of the Partnership), and upon receipt by the withdrawing, removed or transferor General Partner of all of the following:
(a) acceptance in form and substance satisfactory to such General Partner of all of the terms and provisions of this Agreement;
(b) written agreement of the proposed General Partner to continue the business of the Partnership; and
(c) such other documents or instruments as may be required in order to effect its admission as a General Partner under this Agreement and applicable law. Each Limited Partner is deemed to approve of the admission of a successor General Partner selected pursuant to the terms of this Agreement and no further approval of Partners shall be required to effect such admission. Any such successor or additional General Partner shall carry on the business of the Partnership. No Person shall be admitted as a general partner of the Partnership except as contemplated by Section 12.04, 14.01 or 15.01(b) or as otherwise expressly authorized by this Agreement.
