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: Agreement (MA Managed Futures Fund, LP), MA Managed Futures Fund, LP, 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: Agreement (MA Managed Futures Fund, LP), MA Managed Futures Fund, LP, 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: MA Managed Futures Fund, LP, 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!