Common use of Issuance of Additional Partnership Interests Clause in Contracts

Issuance of Additional Partnership Interests. (a) Additional Limited Partners (the "Additional Limited Partners" and each an "Additional Limited Partner") may be admitted to the Partnership and such Additional Limited Partners may be issued Partnership Points, upon receipt of a Majority Vote and the consent of the General Partner and upon such terms and conditions as may be established by the General Partner with a Majority Vote (including, without limitation, upon such Additional Limited Partner's execution of an instrument satisfactory to the General Partner whereby such Person becomes a party to this Agreement as a Limited Partner); provided, however, that upon a transfer pursuant to Section 6.1(ii) hereof, the General Partner may admit the transferee as an Additional Limited Partner without a Majority Vote.