Admission of New Partners. The General Partner shall admit to the Partnership as limited partners those persons and entities who are not already Partners and who receive a Participation Interest, OP Units and/or Preference Units in accordance with the provisions of this Agreement.
Admission of New Partners. Except as the Partners may otherwise agree from time to time, a new Partner may be admitted to the Partnership only with the Consent of each other Partner.
Admission of New Partners. 17.1 Further partners may be added to this Agreement by the approval of the Strategic Oversight Board.
17.2 As at the date of this Agreement, the Parties to this Agreement are listed as being the “Parties” at the front of this Agreement.
17.3 If any additional party wishes to become a party to this Agreement and it is agreed by the Strategic Oversight Board that such party should participate in this Agreement (the “New Party”):
17.3.1 this Agreement shall be updated to include the New Party;
17.3.2 the New Party shall enter into a deed of accession in the form set out in Schedule 8 (Deed of Accession) and shall become a party to this Agreement. The Strategic Oversight Board shall also determine whether that New Party is also to be included in the definition of Participating Body in which case that New Party shall be bound by the terms of this Agreement both as a Party to this Agreement and also as a Participating Body; and
17.3.3 the New Party shall be bound by this Agreement in all respects as if it had been an original party to this Agreement in such capacity.
17.4 In such circumstances:
17.4.1 the Parties shall agree whether there needs to be any change to the Approved Budget;
17.4.2 the Strategic Oversight Board shall determine whether there needs to be any adjustment to the Agreed Liability Share; and
17.4.3 whether any other amendments shall be made to the terms of this Agreement.
Admission of New Partners. As of the Effective Date, the Series A-3 Preferred Partners have contributed the Contributed Assets to the Partnership in exchange for the issuance by the Partnership to the Series A-3 Preferred Partners of an aggregate of 40,267.50 Series A-3 Preferred Units and certain other consideration. The Series A-3 Preferred Units issued to the Series A-3 Preferred Partners have been duly issued and fully paid. The Series A-3 Preferred Partners are hereby admitted to the Partnership as new Limited Partners, and by execution of this Amendment the Series A-3 Preferred Partners have agreed to be bound by all of the terms and conditions of the Agreement, as amended hereby, and hereby acknowledge receipt of a copy of the Agreement. Exhibit A of the Agreement is hereby deleted in its entirety and is replaced with Exhibit A to this Amendment. The Series A-3 Preferred Partners expressly agree to and adopt the power of attorney granted to the General Partner in Section 6.6 of the Agreement.
Admission of New Partners. In connection with any Transfer permitted hereunder or the issuance of Interests to a Person who was not a Partner before the issuance, the General Partner may admit a transferee or Person acquiring such Interests as a general partner or limited partner of the Partnership without further action by any other Partner or any other Person, and any such transferee or Person acquiring such Interests will be deemed admitted to the Partnership as a general partner or limited partner of the Partnership immediately prior to the Transfer, and the business of the Partnership shall continue thereafter without dissolution.
Admission of New Partners. 6.1 Further partners may be added to the Agreement(s) with the unanimous agreement of the Parties.
Admission of New Partners. The General Partner may admit other Limited Partners on such terms and conditions as it may, in its sole discretion, deem appropriate, provided that the rights of the existing Limited Partners are not impaired thereby. The General Partner shall not admit any new General Partner without the consent of all of the Limited Partners, which consent shall not unreasonably be withheld.
Admission of New Partners. From and after the Effective Date, a Person acquiring an interest in the Company is admitted as a Partner upon the satisfaction of all requirements in this Partnership Agreement.
Admission of New Partners. Except as expressly provided to the contrary herein, after the Effective Date, new Partners may be admitted to the Partnership only with the written consent of, and upon such terms and conditions as are approved by the unanimous approval of the Management Committee. No admission of any new Partner shall cause the Partner's interest in Partnership allocations, distributions and capital to be less than one percent (1%), and no Partner's Sharing Ratio in the Partnership shall be reduced or diluted unless approved in writing by such Partner.
Admission of New Partners. Notwithstanding anything to the contrary set forth in this Article 8, no Transfer shall be permitted or effective for any purpose unless all required consents, if any, of the Senior Lender shall have been obtained in writing. In addition, no such Transfer shall be binding on the Partnership unless (a) the transferee shall execute and acknowledge an instrument, in form and substance reasonably satisfactory to the remaining Partners, whereby it agrees to assume and be bound by all of the covenants, terms and conditions of this Agreement, as the same may have been amended, from and after the effective date of such Transfer, (b) a duplicate original of such instrument duly executed and acknowledged by the parties thereto is delivered to the Partnership, (c) the transferee shall pay all reasonable expenses in connection with its admission as a Partner (including, without limitation, all transfer taxes payable in connection therewith), and the transferee delivers to the Partnership and the other Partner at least five (5) days advance written notice of any such transfer and the identity of the transferee together with such assurances as the other Partner may reasonably request to ensure that such transfer is in compliance with (i) the Securities Act, and any regulations promulgated thereunder, (ii) all applicable State Acts and any regulations relating thereto and (iii) this Article 8. Except as otherwise provided in this Article 8, no Person shall be admitted into the Partnership as a new Partner.
