Common use of Admission of Substituted Limited Partners Clause in Contracts

Admission of Substituted Limited Partners. No Transferee of a Limited Partner’s Interest will be admitted to the Fund as a substitute Limited Partner without the consent of the General Partner; provided, however, that the General Partner may withhold such consent only to prevent or minimize adverse legal or tax consequences to the Fund.

Appears in 5 contracts

Samples: Limited Partnership Agreement (MA Managed Futures Fund, LP), Limited Partnership Agreement (MA Managed Futures Fund, LP), Limited Partnership Agreement (MA Managed Futures Fund, LP)

AutoNDA by SimpleDocs

Admission of Substituted Limited Partners. No Transferee of a Limited Partner’s Interest Units will be admitted to the Fund as a substitute Limited Partner without the consent of the General Partner; provided, however, that the General Partner may withhold such consent only to prevent or minimize adverse legal or tax consequences to the Fund.

Appears in 5 contracts

Samples: Limited Partnership Agreement (MA Managed Futures Fund, LP), Limited Partnership Agreement (MA Managed Futures Fund, LP), Limited Partnership Agreement (MA Managed Futures Fund, LP)

AutoNDA by SimpleDocs

Admission of Substituted Limited Partners. No Transferee of a Limited Partner’s Interest 's Units will be admitted to the Fund as a substitute Limited Partner without the consent of the General Partner; provided, however, that the General Partner may withhold such consent only to prevent or minimize adverse legal or tax consequences to the Fund.

Appears in 2 contracts

Samples: Limited Partnership Agreement (MA Managed Futures Fund, LP), Limited Partnership Agreement (MA Managed Futures Fund, LP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!