Common use of Substitute Limited Partners Clause in Contracts

Substitute Limited Partners. A. No Limited Partner shall have the right to substitute an assignee as a Limited Partner in his place. The General Partner shall, however, have the right in its exclusive discretion to consent to the admission of an assignee of the interest of a Limited Partner as a Substitute Limited Partner.

Substitute Limited Partners. A. No The Limited Partner shall not have the right to substitute an any assignee as a Limited Partner substitute limited partner of the Partnership in his place. The its place unless the General Partner shall, however, have the right consents to said substitution in its exclusive discretion to consent to the admission of an assignee of the interest of a Limited Partner as a Substitute Limited Partnerwriting.