Admission of Successor or Transferee General Partner. A successor General Partner approved pursuant to Section 11.1 or 11.2 or the transferee of or successor to all of the General Partner's Partnership Interest pursuant to Section 4.2 who is proposed to be admitted as a successor General Partner shall, subject to compliance with the terms of Section 11.3, if applicable, be admitted to the Partnership as the General Partner, effective immediately prior to the withdrawal or removal of the predecessor or transferring General Partner pursuant to Section 11.1 or 11.2 or the transfer of the General Partner Interest pursuant to Section 4.2, provided, however, that no such successor shall be admitted to the Partnership until compliance with the terms of Section 4.2 has occurred and such successor has executed and delivered such other documents or instruments as may be required to effect such admission. Any such successor shall, subject to the terms hereof, carry on the business of the members of the Partnership Group without dissolution.
Admission of Successor or Transferee General Partner. A successor General Partner approved pursuant to Section 11.1 or 11.2 or the transferee of or successor to all of a General Partner's Partnership Interest as general partner in the Partnership pursuant to Section 4.2 who is proposed to be admitted as a successor General Partner shall, subject to compliance with the terms of Section 11.3, if applicable, be admitted to the Partnership as a General Partner, effective immediately prior to the withdrawal or removal of the predecessor or transferring General Partner pursuant to Section 11.1 or 11.2 or the transfer of a General Partner's Partnership Interest as a general partner in the Partnership pursuant to Section 4.2, provided, however, that no such successor shall be admitted to the Partnership until compliance with the terms of Section 4.2 has occurred and such successor has executed and delivered such other documents or instruments as may be required to effect such admission. Any such successor shall, subject to the terms hereof, carry on the business of the members of the Partnership Group without dissolution.
Admission of Successor or Transferee General Partner. A successor Manager approved pursuant to Section 11.1 or 11.2 or the transferee of or successor to all of the Manager's Membership Interest pursuant to Section 4.2 who is proposed to be admitted as a successor Manager shall, subject to compliance with the terms of Section 11.3, if applicable, be admitted to the Company as the Manager, effective immediately prior to the withdrawal or removal of the predecessor or transferring Manager pursuant to Section 11.1 or 11.2 or the transfer of the Manager's Membership Interest pursuant to Section 4.2, provided, however, that no such successor shall be admitted to the Company until compliance with the terms of Section 4.2 has occurred and such successor has executed and delivered such other documents or instruments as may be required to effect such admission. Any such successor shall, subject to the terms hereof, carry on the business of the members of the Company Group without dissolution.
Admission of Successor or Transferee General Partner. A ----------------------------------------------------- successor General Partner approved pursuant to Section 11.1 or 11.2 or the -------------------- transferee of or successor to all of the General Partner's Partnership Interest pursuant to Section 4.2 who is ----------- proposed to be admitted as a successor General Partner shall, subject to compliance with the terms of Section 11.3, if applicable, be admitted to the ------------ Partnership as the General Partner, effective immediately prior to the withdrawal or removal of the predecessor or transferring General Partner pursuant to Section 11.1 or 11.2 or the transfer of the General Partner Interest -------------------- pursuant to Section 4.2, provided, however, that no such successor shall be ------------ admitted to the Partnership until compliance with the terms of Section 4.2 has occurred and such successor has executed and delivered such other documents or instruments as may be required to effect such admission. Any such successor shall, subject to the terms hereof, carry on the business of the members of the Partnership Group without dissolution.
Admission of Successor or Transferee General Partner. A successor General Partner approved pursuant to Section 11.1 or 11.2 or the transferee of or successor to all of the General Partner's Partnership Interest pursuant to Section 4.2 who is proposed to be admitted as a successor General Partner shall, subject to compliance with the terms of Section 11.3, if applicable, be admitted to the Partnership as the General Partner, effective immediately prior to the withdrawal or removal of the predecessor or transferring General Partner pursuant to Section 11.1 or 11.2 or the transfer of the General Partner Interest pursuant to Section 4.2, provided, however, that no such successor shall be admitted to the Partnership until compliance with the terms of Section 4.2 has occurred and such successor has executed and delivered such other documents or instruments as may be required to effect such admission. Notwithstanding the foregoing, the transferee of a General Partner Interest acquired in connection with any foreclosure on such General Partner Interest pledged solely for the purpose of securing, directly or indirectly, indebtedness of the Partnership or the MLP shall, if its so elects, be automatically admitted as a successor General Partner, without need for any further action or notice under this Agreement. Any such successor shall, subject to the terms hereof, carry on the business of the members of the Partnership Group without dissolution.
Admission of Successor or Transferee General Partner. Section 10.5 Amendment of Agreement and Certificate of Limited Partnership
