Admission of Substituted Limited Partners. Any person that is the successor in interest to a Limited Partner as described in Section 10.3 shall be admitted to the Partnership as a limited partner upon (a) furnishing to the General Partner (i) acceptance in form satisfactory to the General Partner of all of the terms and conditions of this Agreement and (ii) such other documents or instruments as may be required to effect its admission as a limited partner in the Partnership and (b) obtaining the consent of the General Partner, which consent may be given or withheld in the General Partner's sole discretion. Such Person shall be admitted to the Partnership as a limited partner immediately prior to the transfer of the Partnership Interest, and the business of the Partnership shall continue without dissolution.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Amerigas Partners Lp), Limited Partnership Agreement (Ap Eagle Finance Corp), Agreement of Limited Partnership (Star Gas Partners Lp)
Admission of Substituted Limited Partners. Any person that is the successor in interest to a Limited Partner as described in Section 10.3 shall be admitted to the Partnership as a limited partner upon (a) furnishing to the General Partner (i) acceptance in form satisfactory to the General Partner of all of the terms and conditions of this Agreement and (ii) such other documents or instruments as may be required to effect its admission as a limited partner in the Partnership and (b) obtaining the consent of the General Partner, which consent may be given withheld or withheld granted in the sole discretion of the General Partner's sole discretion. Such Person shall be admitted to the Partnership as a limited partner immediately prior to the transfer of the Partnership Interest, and the business of the Partnership shall continue without dissolution.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Eott Energy Partners Lp), Limited Partnership Agreement (Eott Energy Canada Lp), Limited Partnership Agreement (Eott Energy Canada Lp)
Admission of Substituted Limited Partners. Any person that is the successor in interest to a the Limited Partner as described in Section 10.3 4.3 shall be admitted to the Partnership as a limited partner the Limited Partner upon (a) furnishing to the General Partner (i) acceptance in form satisfactory to the General Partner of all of the terms and conditions of this Agreement and (ii) such other documents or instruments as may be required to effect its admission as a limited partner the Limited Partner in the Partnership and (b) obtaining the consent of the General Partner, which consent may be given or withheld in the General Partner's ’s sole discretion. Such Person shall be admitted to the Partnership as a limited partner the Limited Partner immediately prior to the transfer of the Partnership Interest, and the business of the Partnership shall continue without dissolution.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Enterprise Products Partners L P), Agreement of Limited Partnership (Enterprise Products Partners L P)
Admission of Substituted Limited Partners. Any person that is the successor in interest to a Limited Partner as described in Section 10.3 shall be admitted to the Partnership as a limited partner upon (a) furnishing to the General Partner (i) acceptance in form satisfactory to the General Partner of all of the terms and conditions of this Agreement and (ii) such other documents or instruments as may be required to effect its admission as a limited partner in the Partnership and (b) obtaining the consent of the General Partner, which consent may be given or withheld in the General Partner's ’s sole discretion. Such Person shall be admitted to the Partnership as a limited partner immediately prior to the transfer of the Partnership Interest, and the business of the Partnership shall continue without dissolution.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Star Gas Finance Co)
Admission of Substituted Limited Partners. Any person that is successor to the successor in interest to Partnership Interest of a Limited Partner as described in Section 10.3 shall be admitted to the Partnership as a limited partner Limited Partner upon the (a) furnishing to the General Partner (i) an acceptance in form satisfactory to the General Partner of all of the terms and conditions of this Agreement and (ii) such other documents or and instruments as may be required to effect its the admission of such successor as a limited partner in the Partnership Limited Partner; and (b) obtaining of the consent of the General Partner, which consent may be given withheld or withheld granted in the sole discretion of the General Partner's sole discretion. Such Person The transferee shall be admitted to the Partnership as a limited partner Limited Partner effective immediately prior to the transfer of the Partnership Interest, and the business of the Partnership shall continue without dissolutiontransfer.
Appears in 1 contract
Samples: Limited Partnership Agreement (Kaneb Pipe Line Operating Partnership Lp)
Admission of Substituted Limited Partners. Any person that is the successor in interest to a the Limited Partner as described in Section 10.3 4.3 shall be admitted to the Partnership as a limited partner the Limited Partner upon (a) furnishing to the General Partner (i) acceptance in form satisfactory to the General Partner of all of the terms and conditions of this Agreement and (ii) such other documents or instruments as may be required to effect its admission as a limited partner the Limited Partner in the Partnership and (b) obtaining the consent of the General Partner, which consent may be given or withheld in the General Partner's sole discretion. Such Person shall be admitted to the Partnership as a limited partner the Limited Partner immediately prior to the transfer of the Partnership Interest, and the business of the Partnership shall continue without dissolution.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Enterprise Products Partners L P)