Admission of Preferred Partners. Without --------------------------------- execution of this Agreement, upon receipt by a Person of a Certificate and giving of consideration for the Preferred Partner Interest being acquired by such Person, which shall be deemed to constitute a request by such Person that the books and records of the Partnership reflect its admission as a Preferred Partner, such Person shall be admitted to the Partnership as a Preferred Partner and shall become bound by this Agreement. A Person may also be admitted to the Partnership as a Preferred Partner and become bound by this Agreement by execution of this Agreement (by counterpart or otherwise).
Appears in 2 contracts
Samples: Limited Partnership Agreement (Met Ed Capital Trust), Limited Partnership Agreement (Penelec Capital Trust)
Admission of Preferred Partners. Without --------------------------------- execution of this Agreement, upon receipt by a Person of a Certificate and giving of consideration for the Preferred Partner Interest being acquired by such Person, which shall be deemed to constitute a request by such Person that the books and records of the Partnership reflect its admission as a Preferred Partner, such Person shall be admitted to the Partnership as a Preferred Partner and shall become bound by this Agreement. A Person may also be admitted to the Partnership as a Preferred Partner and become bound by this Agreement by execution of this Agreement (by counterpart or otherwise).
Appears in 2 contracts
Samples: Limited Partnership Agreement (Metropolitan Edison Co), Limited Partnership Agreement (Pennsylvania Electric Co)
