Common use of PARTNERSHIP INTERESTS ON ADMISSION OF ADDITIONAL PARTNERS Clause in Contracts

PARTNERSHIP INTERESTS ON ADMISSION OF ADDITIONAL PARTNERS. The Partnership Interest of each Additional General Partner or Additional Limited Partner shall be the percentage that the cash amount or initial Gross Asset Value of capital contributed to the Partnership by such Additional General Partner or Additional Limited Partner bears to the total capital of the Partnership immediately following such contribution. Upon admission of such Additional General Partner or Additional Limited Partner to the Partnership, the Partnership Interests of the existing Partners shall be reduced PRO RATA by the amount of such Additional Limited Partner's Partnership Interest; provided, however, that no Additional General Partner or Additional Limited Partner may be admitted if such addition would reduce the Partnership Interest of (i) AHFC, in its capacity as a Limited Partner, below 20% or (ii) Honda Titling A LLC, in its capacity as a General Partner, below 1%.

PARTNERSHIP INTERESTS ON ADMISSION OF ADDITIONAL PARTNERS. The Partnership Interest of each Additional General Partner or Additional Limited Partner shall be the percentage that the cash amount or initial Gross Asset Value of capital contributed to the Partnership by such Additional General Partner or Additional Limited Partner bears to the total capital of the Partnership immediately following such contribution. Upon admission of such Additional General Partner or Additional Limited Partner to the Partnership, the Partnership Interests of the existing Partners shall be reduced PRO RATA by the amount of such Additional Limited Partner's Partnership Interest; provided, however, that no Additional General Partner or Additional Limited Partner may be admitted if such addition would reduce the Partnership Interest of (i) AHFC, in its capacity as a Limited Partner, below 20% or (ii) Honda Titling A B LLC, in its capacity as a General Partner, below 1%.

PARTNERSHIP INTERESTS ON ADMISSION OF ADDITIONAL PARTNERS. The Partnership Interest of each Additional General Partner or Additional Limited Partner shall be the percentage that the cash amount or initial Gross Asset Value of capital contributed to the Partnership by such Additional General Partner or Additional Limited Partner bears to the total capital of the Partnership immediately following such contribution. Upon admission of such Additional General Partner or Additional Limited Partner to the Partnership, the Partnership Interests of the existing Partners shall be reduced PRO RATA by the amount of such Additional Limited Partner's Partnership Interest; provided, however, that no Additional General Partner or Additional Limited Partner may be admitted if such addition would reduce the Partnership Interest of (i) AHFC, in its capacity as a Limited Partner, below 20% or (ii) Honda Titling A D LLC, in its capacity as a General Partner, below 1%.

PARTNERSHIP INTERESTS ON ADMISSION OF ADDITIONAL PARTNERS. The Partnership Interest of each Additional General Partner or Additional Limited Partner shall be the percentage that the cash amount or initial Gross Asset Value of capital contributed to the Partnership by such Additional General Partner or Additional Limited Partner bears to the total capital of the Partnership immediately following such contribution. Upon admission of such Additional General Partner or Additional Limited Partner to the Partnership, the Partnership Interests of the existing Partners shall be reduced PRO RATA by the amount of such Additional Limited Partner's Partnership Interest; provided, however, that no Additional General Partner or Additional Limited Partner may be admitted if such addition would reduce the Partnership Interest of (i) AHFC, in its capacity as a Limited Partner, below 20% or (ii) Honda Titling A C LLC, in its capacity as a General Partner, below 1%.