Common use of Election and Admission of Successor or Additional General Partners A Clause in Contracts

Election and Admission of Successor or Additional General Partners A. By the Majority Vote of the Investors, a Successor General Partner may be elected to replace a General Partner removed in the manner described in Section 5.3A herein. B. Except as otherwise expressly provided herein, no Person shall be admitted as a Successor or Additional General Partner unless (i) counsel for the Fund is of the opinion that the admission of such Successor or Additional General Partner will not cause the Fund to be classified other than as a partnership for federal income tax purposes or cause the Fund to terminate for federal income tax purposes; (ii) the consent of the then existing General Partner(s) is obtained; and (iii) the Consent of the Investors to such admission has been obtained. C. The admission of such Successor or Additional General Partner shall become effective upon (i) receipt by the Fund of the opinion referred to in Section 6.2B(i); (ii) receipt by the Fund of the consents referred to in Section 6.2B(ii) and (iii), if applicable; and (iii) the amendment of the Certificate to reflect the admission of the Successor or Additional General Partner and its filing for recordation.

Election and Admission of Successor or Additional General Partners A. By the Majority Vote of the Investors, a Successor The General Partner may at any time designate additional persons to be elected to replace a Successor or Additional General Partner removed in Partners, provided that the manner described in conditions of Section 5.3A herein6.2B are satisfied. B. Except as otherwise expressly provided herein, no Person shall be admitted as a Successor or Additional General Partner unless (i) counsel for the Fund Partnership is of the opinion that the admission of such Successor or Additional General Partner will not cause the Fund Partnership to be classified other than as a partnership for federal income tax purposes or cause the Fund Partnership to terminate for federal income tax purposes; , (ii) the consent of the then existing remaining General Partner(s) Partners, if any, is obtained; obtained and (iii) the Consent Majority Vote of the Investors to such admission has been obtained. C. The admission of such Successor or Additional General Partner shall become effective upon (i) receipt by the Fund Partnership of the opinion referred to in Section 6.2B(i); , (ii) receipt by the Fund Partnership of the consents referred to in Section 6.2B(ii) and (iii), if applicable; , and (iii) the recordation of an amendment of the Certificate to reflect the admission of the Successor or Additional General Partner and its filing for recordationPartner.

Election and Admission of Successor or Additional General Partners A. By the Majority Vote of the Investors, a Successor The General Partner may at any time designate additional persons to be elected to replace a Successor or Addi- tional General Partner removed in Partners, provided that the manner described in conditions of Section 5.3A herein6.2B are satisfied. B. Except as otherwise expressly provided herein, no Person shall be admitted as a Successor or Additional General Partner unless (i) counsel for the Fund Partnership is of the opinion that the admission of such Successor or Additional General Partner will not cause the Fund Partnership to be classified other than as a partnership for federal income tax purposes or cause the Fund Partnership to terminate for federal income tax purposes; (ii) the consent of the then existing remaining General Partner(s) Partners, if any, is obtained; and (iii) the Consent Majority Vote of the Investors to such admission has been obtained. C. The admission of such Successor or Additional General Partner shall become effective upon (i) receipt by the Fund Partnership of the opinion referred to in Section 6.2B(i); (ii) receipt by the Fund Partnership of the consents referred to in Section 6.2B(ii) and (iii), if applicable; and (iii) the amendment of the Certificate to reflect the admission of the Successor or Additional General Partner and its filing for recordation.