Common use of Conditions to Admission Clause in Contracts

Conditions to Admission. In addition to the admission of Limited Partners at the Initial Closing, the General Partner, in its sole discretion, may schedule, from time to time, one or more additional Closings for one or more Person or Persons seeking admission to the Partnership as an additional limited partner of the Partnership (each such Person, an "ADDITIONAL LIMITED PARTNER", which term shall include any Person that is a Partner immediately prior to such additional Closing and that wishes to increase the amount of such Person's Capital Commitment or, in the case of a Profits Limited Partner, its Associated Commitment), subject to the determination by the General Partner in the exercise of its good faith judgment that in the case of each such admission or increase the following conditions have been satisfied:

Conditions to Admission. In addition to the admission of Limited Partners at the Initial Closing, the General Partner, in its sole discretion, may schedule, from time to time, one or more additional Closings for one or more Person or Persons seeking admission to the Partnership as an additional limited partner of the Partnership (each such Person, an "ADDITIONAL LIMITED PARTNER", which term shall include any Person that is a Partner immediately prior to such additional Closing and that wishes to increase the amount of such Person's Capital Commitment or, in the case of a Profits Limited Partner, its Associated Commitment), subject to the determination deter mination by the General Partner in the exercise of its good faith judgment that in the case of each such admission or increase the following conditions have been satisfied: