Common use of Continuation of Limited Partner Status Clause in Contracts

Continuation of Limited Partner Status. Once admitted as a Limited Partner, a person shall continue to be a Limited Partner for all purposes of this Agreement until a substitute Limited Partner is admitted in place of such person pursuant to the provisions of Section 12.3 of this Agreement.

Continuation of Limited Partner Status. Once admitted as a Limited Partner, a person Person shall continue to be a Limited Partner for all purposes of this Agreement and the Act until a substitute the withdrawal of such Limited Partner is admitted in place or admission of such person an Assignee pursuant to the provisions of Section 12.3 of this Agreement16.11.