Common use of Admission of Substitute Limited Partner Clause in Contracts

Admission of Substitute Limited Partner. (a) Subject to the other provisions of this Article IX (including, without limitation, the provisions of Section 9.5(a) regarding consent of the General Partner), an assignee of the Limited Partnership Interest of a Limited Partner (including, without limitation, any purchaser, transferee, donee, or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only upon the satisfactory completion of the following:

Appears in 26 contracts

Samples: Notice and Agreement (Stirling Hotels & Resorts, Inc.), Contribution Agreement (Ashford Hospitality Trust Inc), Ashford Hospitality Prime, Inc.

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Admission of Substitute Limited Partner. (a) Subject to the other provisions of this Article IX (including, without limitation, the provisions of Section 9.5(a) regarding consent of the General Partner)IX, an assignee of the Limited Partnership Interest of a Limited Partner (including, without limitation, which shall be understood to include any purchaser, transferee, donee, or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only with the consent of the General Partner and upon the satisfactory completion of the following:

Appears in 20 contracts

Samples: Agreement (Columbia Property Trust Operating Partnership, L.P.), Agreement (Wells Real Estate Investment Trust Ii Inc), Agreement (Wells Real Estate Investment Trust Ii Inc)

Admission of Substitute Limited Partner. (a) Subject to the other provisions of this Article IX (including, without limitation, the provisions of Section 9.5(a) regarding consent of the General Partner)IX, an assignee of the Limited Partnership Interest of a Limited Partner (including, without limitation, which shall be understood to include any purchaser, transferee, donee, donee or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only with the consent of the General Partner, which consent may be given or withheld by the General Partner in its sole discretion, and upon the satisfactory completion of the following:

Appears in 3 contracts

Samples: Capital Lodging, Capital Lodging, First Potomac Realty Trust

Admission of Substitute Limited Partner. (a) Subject to the other provisions of this Article IX (including, without limitation, the provisions of Section 9.5(a) regarding consent of the General Partner)IX, an assignee of the Limited Partnership Interest Units of a Limited Partner (including, without limitation, which shall be understood to include any purchaser, transferee, donee, or other recipient of any disposition of such Limited Partnership InterestUnits) shall be deemed admitted as a Limited Partner of the Partnership only upon the satisfactory completion of the following:

Appears in 2 contracts

Samples: Innkeepers Usa Trust/Fl, Innkeepers Usa Trust/Fl

Admission of Substitute Limited Partner. (af) Subject to the other provisions of this Article IX (including, without limitation, the provisions of Section 9.5(a) regarding consent of the General Partner), an assignee of the Limited Partnership Interest of a Limited Partner (including, without limitation, any purchaser, transferee, donee, or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only upon the satisfactory completion of the following:

Appears in 1 contract

Samples: Notice and Agreement (Ashford Hospitality Trust Inc)

Admission of Substitute Limited Partner. (a) Subject to the other provisions of this Article IX (including, without limitation, the provisions of Section 9.5(a) regarding consent of the General Partner)IX, an assignee of the Limited Partnership Interest of a Limited Partner (including, without limitation, which shall be understood to include any purchaser, transferee, donee, donee or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only with the consent of the General Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion, and upon the satisfactory completion of the following:

Appears in 1 contract

Samples: Columbia Equity Trust, Inc.

Admission of Substitute Limited Partner. (a) Subject to the other provisions of this Article IX (including, without limitation, the provisions of Section 9.5(a) regarding consent of 9.2 and any applicable provisions in the General PartnerBasic Documents), an assignee of the Limited Partnership Interest of a Limited Partner (including, without limitation, any purchaser, transferee, donee, or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only upon the satisfactory completion of the following:

Appears in 1 contract

Samples: Limited Partnership Agreement (Carter Validus Mission Critical REIT, Inc.)

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Admission of Substitute Limited Partner. (a) i. Subject to the other provisions of this Article IX (including, without limitation, the provisions of Section 9.5(a) regarding consent of the General Partner)IX, an assignee of the Limited Partnership Interest of a Limited Partner (including, without limitation, which shall be understood to include any purchaser, transferee, donee, or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only upon the satisfactory completion of the following:

Appears in 1 contract

Samples: Capital Automotive Reit

Admission of Substitute Limited Partner. (a) Subject to the other provisions of this Article IX (including, without limitation, the provisions of Section 9.5(a) regarding consent of the General Partner)IX, an assignee of the Limited Partnership Interest of a Limited Partner (including, without limitation, which shall be understood to include any purchaser, transferee, donee, or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only with the written consent of the General Partner and upon the satisfactory completion of the following:

Appears in 1 contract

Samples: Healthcare Financial Partners Reit Inc

Admission of Substitute Limited Partner. (a) Subject to the other provisions of this Article IX (including, without limitation, the provisions of Section 9.5(a) regarding consent of the General Partner), an assignee of the Limited Partnership Interest of a Limited Partner (including, without limitation, any purchaser, transferee, doneedone, or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only upon the satisfactory completion of the following:

Appears in 1 contract

Samples: Initial and Corporate (Innsuites Hospitality Trust)

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