Admission to Partnership. ATA, as general partner of the Purchaser, shall take all actions necessary in order to cause the Contributors receiving OP Units to be admitted as limited partners of the Purchaser as of the Closing Date.
Admission to Partnership. LATA, as general partner of the Purchaser, shall take all actions necessary in order to cause the Contributor receiving OP Units to be admitted as limited partner of the Purchaser as of the Closing Date.
Admission to Partnership. The Contributor is admitted to the Partnership as an Additional Limited Partner in accordance with Section 12.2 of the Agreement and agrees to become a party to the Agreement and to be bound by all of the terms, conditions and other provisions of the Agreement, including, but not limited to, the power of attorney set forth in Section 15.11 of the Agreement. The General Partner has consented to the transfer of a portion of the WTC Units from the Contributor to the Intermediate Equity Holders, who have agreed to become parties to the Agreement and to be bound by all of the terms, conditions and other provisions of the Agreement, including, but not limited to, the power of attorney set forth in Section 15.11 of the Agreement. The General Partner has consented to the transfer the WTC Units from the Contributor and the Intermediate Equity Holders, as applicable, to the Equity Holders as reflected on Schedule 1 to the Second Amendment to the Agreement. Accordingly, the Equity Holders are admitted to the Partnership as Substituted Limited Partners in accordance with Section 11.4 of the Agreement and agree to become parties to the Agreement and to be bound by all of the terms, conditions and other provisions of the Agreement, including, but not limited to, the power of attorney set forth in Section 15.11 of the
Admission to Partnership. A Person (other than an existing Partner) who is issued LTIP Units in exchange for no consideration in accordance with Section 3 hereof shall be admitted to the Partnership as an additional Limited Partner only upon the satisfactory completion of the requirements an assignee is required to complete pursuant to Section 9.03(a)(i) through (v) of the Agreement.
Admission to Partnership. Redemption Rights; Etc.
Admission to Partnership. On the terms and subject to the conditions hereof, at the Closing (as hereinafter defined) the Companies and Crossroads will execute (or cause to be executed), an Amended and Restated Agreement of Limited Partnership, substantially in the form attached hereto as Exhibit A (the "Partnership Agreement"), pursuant to which the Companies will be admitted as limited partners of the Partnership. In addition, at the Closing the Partnership and the Companies will execute a Redemption and Stock Exchange Agreement, substantially in the form attached to the Partnership Agreement as Exhibit C thereto (the "Exchange Agreement").
Admission to Partnership. (A) The Participant shall be admitted as a limited partner of the Partnership in respect of the LTIP Units as of the Effective Date by signing and delivering to the Partnership a copy of this Agreement.
(B) Upon execution of this Agreement by the Participant, the Partnership and the Company, and the updating of the books and records of the Partnership to reflect the issuance to the Participant of the LTIP Units and the admission of the Participant as an LTIP Unit Limited Partner, the Partnership shall deliver to the Participant a certificate, letter or electronic documentation certifying the number of LTIP Units then issued to the Participant. Thereupon, the Participant shall have all the rights of an LTIP Unit Limited Partner of the Partnership with respect to the maximum number of LTIP Units which may be earned hereunder and the shares of Common Stock of the Company into which such earned LTIP Units may be converted in accordance with the Partnership Agreement.
Admission to Partnership. Contributor is hereby admitted to the Partnership as an Additional Limited Partner in accordance with Section 12.2 of the Agreement and hereby agrees to become a party to the Agreement and to be bound by all of the terms, conditions and other provisions of the Agreement, including, but not limited to, the power of attorney set forth in Section 15.11 of the Agreement.
Admission to Partnership. A Person subscribing for Units will become a Partner upon:
(a) acceptance by the General Partner of a subscription from such Person;
(b) payment of the agreed upon subscription price or contribution of other property; and
(c) the General Partner causing the subscriber to be entered on the Record. Upon satisfaction of the foregoing, all Partners will be deemed to consent to the admission of such Person as a Partner. The General Partner may accept or reject, in its absolute discretion, a subscription for a Unit.
Admission to Partnership. At Purchaser's election, Purchaser shall be entitled to be admitted to that certain partnership named "ITC Associates" (the "Partnership") existing pursuant to that certain General Partnership Agreement dated as of December 13, 1993, as amended. In the event Purchaser so elects to be admitted, Purchaser shall be a partner in the Partnership having rights, privileges and obligations similar to that afforded to the other partners.
