{"component": "clause", "props": {"groups": [{"snippet": "A Transferee shall become a Substitute Partner only if and when each of the following conditions are satisfied: (i) the General Partner consents to such admission and (ii) the Transferee (A) provides such information concerning the Transferee\u2019s financial capacities and investment experience as may be reasonably requested by the General Partner, (B) agrees to become a party to this Agreement as a Partner, and (C) executes a joinder in the form attached as Exhibit B hereto acknowledging that such Transferee agrees to be bound by the terms hereof, together with such other written instruments of Transfer in a form reasonably satisfactory to the General Partner. Upon admission of any Substitute Partner, the Transferor shall (x) cease to be a Partner with respect to the portion of the Interest so Transferred to the extent such obligations are Transferred and assumed, (y) be released from any obligations arising after the date of such Transfer with respect to the portion of the Interest so Transferred, and (z) Exhibit A shall be amended to reflect the name and address of such Substitute Partner and to eliminate, if necessary, the name and address of the predecessor of such Substitute Partner and to reflect the Interest of such Substitute Partner and to eliminate or adjust, if necessary, the Interest of the predecessor of such Substitute Partner. Notwithstanding the foregoing, any Person that purchases any Interest pursuant to and in accordance with Sections 6.02, 6.03, or 6.06 shall be deemed Substitute Partners without regard to the foregoing.", "snippet_links": [{"key": "partner-consents", "type": "definition", "offset": [128, 144]}, {"key": "the-transferee", "type": "clause", "offset": [172, 186]}, {"key": "concerning-the", "type": "clause", "offset": [217, 231]}, {"key": "investment-experience", "type": "clause", "offset": [270, 291]}, {"key": "by-the-general-partner", "type": "clause", "offset": [323, 345]}, {"key": "agrees-to", "type": "clause", "offset": [351, 360]}, {"key": "party-to-this-agreement", "type": "definition", "offset": [370, 393]}, {"key": "exhibit-b", "type": "definition", "offset": [459, 468]}, {"key": "the-terms", "type": "definition", "offset": [533, 542]}, {"key": "transfer-in", "type": "clause", "offset": [599, 610]}, {"key": "the-transferor", "type": "clause", "offset": [708, 722]}, {"key": "with-respect-to", "type": "clause", "offset": [755, 770]}, {"key": "the-interest", "type": "definition", "offset": [786, 798]}, {"key": "to-the-extent", "type": "clause", "offset": [814, 827]}, {"key": "date-of", "type": "clause", "offset": [929, 936]}, {"key": "exhibit-a", "type": "clause", "offset": [1019, 1028]}, {"key": "name-and-address", "type": "clause", "offset": [1061, 1077]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1361, 1390]}, {"key": "any-person", "type": "definition", "offset": [1392, 1402]}, {"key": "in-accordance-with", "type": "definition", "offset": [1447, 1465]}], "size": 4, "samples": [{"hash": "hjkX2PdYUaB", "uri": "/contracts/hjkX2PdYUaB#substitute-partners", "label": "Limited Partnership Agreement (Calpine Corp)", "score": 29.8514715948, "published": true}, {"hash": "eBDzX8dw9iR", "uri": "/contracts/eBDzX8dw9iR#substitute-partners", "label": "Limited Partnership Agreement (Calpine Corp)", "score": 29.6023271732, "published": true}, {"hash": "gvS8RsqKsZY", "uri": "/contracts/gvS8RsqKsZY#substitute-partners", "label": "Limited Partnership Agreement (Calpine Corp)", "score": 29.3531827515, "published": true}], "hash": "33792c2e44c0861c28dbfc61a0dcf410", "id": 1}, {"snippet": "Any Person that acquires any Partnership Interest that is not already a Partner shall not have the right to participate in the management of the business and affairs of the Partnership, to vote such Partnership Interest, or to become a Partner of the Partnership unless the Partners of the Partnership unanimously consent to such Person becoming a Partner of the Partnership. If such Person is not admitted as a Partner of the Partnership, such Person only is entitled to receive the share of profits, distributions, and allocations of income, gain, loss, deduction, credit, or similar item to which the Person would be entitled if such Person were a Partner of the Partnership.", "snippet_links": [{"key": "any-person", "type": "definition", "offset": [0, 10]}, {"key": "partnership-interest", "type": "clause", "offset": [29, 49]}, {"key": "participate-in", "type": "definition", "offset": [108, 122]}, {"key": "business-and-affairs", "type": "clause", "offset": [145, 165]}, {"key": "the-partnership", "type": "clause", "offset": [169, 184]}, {"key": "consent-to", "type": "clause", "offset": [314, 324]}, {"key": "to-receive", "type": "definition", "offset": [469, 479]}, {"key": "share-of-profits", "type": "clause", "offset": [484, 500]}, {"key": "similar-item", "type": "definition", "offset": [578, 590]}], "size": 3, "samples": [{"hash": "kMWT6UPmIfv", "uri": "/contracts/kMWT6UPmIfv#substitute-partners", "label": "Limited Partnership Agreement (NRG Retail LLC)", "score": 21.9691991786, "published": true}, {"hash": "6ausfyXWaFR", "uri": "/contracts/6ausfyXWaFR#substitute-partners", "label": "Limited Partnership Agreement (NRG Retail LLC)", "score": 21.9691991786, "published": true}, {"hash": "lfDQ90NXBoE", "uri": "/contracts/lfDQ90NXBoE#substitute-partners", "label": "Limited Partnership Agreement (Reliant Energy Inc)", "score": 18.0, "published": true}], "hash": "7e0ffdd0033ac1125bcd5b35b80b1654", "id": 2}, {"snippet": "An Assignee may not become a substitute Partner unless all of the following conditions are first satisfied:\n(a) A duly executed and acknowledged written instrument of assignment shall have been filed with the Partnership, specifying the Partnership Interests being assigned and setting forth the intention of the assignor that the Assignee succeed to the assignor's interest as a substitute Partner;\n(b) The Assignee shall be an Accredited Investor;\n(c) The assignor and Assignee shall have executed and acknowledged any other instruments that the Managing Partner deems necessary or desirable for substitution, including the written acceptance and adoption by the Assignee of the provisions of this Agreement and shall have executed, acknowledged, and delivered to the Managing Partner a special power of attorney as provided in Section 16.5(b);\n(d) Except in the case of an assignment permitted by Section 8.3, the non-assigning Partner shall have consented in writing to the admission of the Assignee as a substitute Partner, the granting of which may be withheld by the non-assigning Partner in its sole and absolute discretion;\n(e) The Assignee shall have paid to the Partnership a transfer fee sufficient to cover all reasonable expenses connected with the substitution; and\n(f) The assignment to the Assignee shall have complied with the other provisions of this Article 8.", "snippet_links": [{"key": "substitute-partner", "type": "clause", "offset": [29, 47]}, {"key": "duly-executed", "type": "clause", "offset": [114, 127]}, {"key": "instrument-of-assignment", "type": "clause", "offset": [153, 177]}, {"key": "the-partnership-interests", "type": "clause", "offset": [233, 258]}, {"key": "the-assignor", "type": "definition", "offset": [309, 321]}, {"key": "the-assignee", "type": "clause", "offset": [327, 339]}, {"key": "accredited-investor", "type": "definition", "offset": [429, 448]}, {"key": "assignor-and-assignee", "type": "clause", "offset": [458, 479]}, {"key": "other-instruments", "type": "definition", "offset": [521, 538]}, {"key": "managing-partner", "type": "clause", "offset": [548, 564]}, {"key": "written-acceptance", "type": "clause", "offset": [626, 644]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [681, 709]}, {"key": "special-power-of-attorney", "type": "definition", "offset": [789, 814]}, {"key": "assignment-permitted", "type": "clause", "offset": [876, 896]}, {"key": "section-83", "type": "clause", "offset": [900, 911]}, {"key": "the-non", "type": "clause", "offset": [913, 920]}, {"key": "assigning-partner", "type": "definition", "offset": [921, 938]}, {"key": "in-writing", "type": "clause", "offset": [960, 970]}, {"key": "sole-and-absolute-discretion", "type": "clause", "offset": [1103, 1131]}, {"key": "to-the-partnership", "type": "clause", "offset": [1166, 1184]}, {"key": "transfer-fee", "type": "definition", "offset": [1187, 1199]}, {"key": "reasonable-expenses", "type": "definition", "offset": [1224, 1243]}, {"key": "assignment-to", "type": "clause", "offset": [1289, 1302]}, {"key": "article-8", "type": "definition", "offset": [1370, 1379]}], "size": 3, "samples": [{"hash": "3hep1lK420k", "uri": "/contracts/3hep1lK420k#substitute-partners", "label": "Limited Partnership Agreement (Century Communications Corp)", "score": 18.0, "published": true}], "hash": "2202bf2d51dd38e22dc24c00e736eb27", "id": 3}, {"snippet": "(a) No Transferee of Partnership Interests of a Partner shall become a Partner except in accordance with this Section 5.2. The General Partner may admit, in its sole discretion as a substitute Partner (with respect to all or a portion of the Partnership Interests held by a Person), any Person that acquires Partnership Interests by Transfer from another Partner pursuant to Section 5.1. The admission of a Transferee as a substitute Partner shall, in all events, be conditioned upon the execution of an instrument satisfactory to the General Partner whereby such Transferee becomes a party to this Agreement as a Partner.\n(b) Immediately prior to the effectiveness of the admission of a Transferee of Partnership Interests of a Partner as a substitute Partner with respect to such Partnership Interests pursuant to the provisions of this Section 5.2, the General Partner may, in its sole discretion, elect to revalue the assets of the Partnership effective immediately prior to such admission. If the General Partner elects to revalue the assets of the Partnership then the Capital Accounts of all the Partners shall be adjusted as follows: (i) the General Partner shall determine the proceeds which would be realized if the Partnership sold all its assets immediately prior to the effectiveness of such admission, for a price equal to the Fair Market Value of such assets determined as provided for herein, and (ii) the General Partner shall allocate amounts equal to the net gain or net loss which would have been realized upon such a sale to the Capital Accounts of all the Partners immediately prior to the effectiveness of such admission, in accordance with the provisions of Section 4.2(c) or Section 4.2(d), as applicable.", "snippet_links": [{"key": "of-partnership-interests", "type": "clause", "offset": [18, 42]}, {"key": "in-accordance-with", "type": "definition", "offset": [86, 104]}, {"key": "section-52", "type": "clause", "offset": [110, 121]}, {"key": "the-general-partner", "type": "clause", "offset": [123, 142]}, {"key": "sole-discretion", "type": "clause", "offset": [161, 176]}, {"key": "substitute-partner", "type": "clause", "offset": [182, 200]}, {"key": "with-respect-to", "type": "clause", "offset": [202, 217]}, {"key": "a-portion", "type": "definition", "offset": [225, 234]}, {"key": "the-partnership-interests", "type": "clause", "offset": [238, 263]}, {"key": "a-person", "type": "clause", "offset": [272, 280]}, {"key": "any-person", "type": "definition", "offset": [283, 293]}, {"key": "transfer-from", "type": "clause", "offset": [333, 346]}, {"key": "section-51", "type": "clause", "offset": [375, 386]}, {"key": "all-events", "type": "clause", "offset": [452, 462]}, {"key": "be-conditioned", "type": "clause", "offset": [464, 478]}, {"key": "the-execution", "type": "clause", "offset": [484, 497]}, {"key": "party-to-this-agreement", "type": "definition", "offset": [585, 608]}, {"key": "prior-to-the", "type": "clause", "offset": [639, 651]}, {"key": "effectiveness-of-the", "type": "clause", "offset": [652, 672]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [820, 846]}, {"key": "assets-of-the-partnership", "type": "clause", "offset": [922, 947]}, {"key": "effective-immediately", "type": "definition", "offset": [948, 969]}, {"key": "capital-accounts", "type": "clause", "offset": [1075, 1091]}, {"key": "determine-the", "type": "clause", "offset": [1172, 1185]}, {"key": "equal-to", "type": "definition", "offset": [1328, 1336]}, {"key": "the-fair-market-value", "type": "clause", "offset": [1337, 1358]}, {"key": "net-gain", "type": "definition", "offset": [1474, 1482]}, {"key": "net-loss", "type": "definition", "offset": [1486, 1494]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1664, 1689]}], "size": 3, "samples": [{"hash": "ffcDluvCIj0", "uri": "/contracts/ffcDluvCIj0#substitute-partners", "label": "Limited Partnership Agreement (Affiliated Managers Group Inc)", "score": 23.1437371663, "published": true}], "hash": "2b0098f3a49145aa1f7eb718934810bc", "id": 4}, {"snippet": "44 8.9 Consent........................................................................................45 8.10", "snippet_links": [], "size": 2, "samples": [{"hash": "7sSY0UgYQ0f", "uri": "/contracts/7sSY0UgYQ0f#substitute-partners", "label": "Partnership Agreement (Adelphia Communications Corp)", "score": 18.0, "published": true}], "hash": "3c6ce462548722a508cd56caaafe2d9a", "id": 5}, {"snippet": "Notwithstanding any provision of this Agreement to the contrary, a Transferee may only be admitted to the Fund as a substitute Limited Partner (a \u201cSubstitute Partner\u201d) with the prior consent of the General Partner. Unless the General Partner, the Transferor and the Transferee otherwise agree, in the event of the admission of a Transferee as a Substitute Partner, all references herein to the Transferor shall be deemed to apply to such Substitute Partner, and such Substitute Partner shall succeed to all of the rights and obligations of the Transferor hereunder. A Person shall be deemed admitted to the Fund as a Substitute Partner at the time that the foregoing conditions are satisfied as acknowledged in writing by the General Partner.", "snippet_links": [{"key": "agreement-to", "type": "definition", "offset": [38, 50]}, {"key": "to-the-fund", "type": "definition", "offset": [99, 110]}, {"key": "substitute-limited-partner", "type": "definition", "offset": [116, 142]}, {"key": "substitute-partner", "type": "clause", "offset": [147, 165]}, {"key": "consent-of-the-general-partner", "type": "definition", "offset": [183, 213]}, {"key": "the-transferee", "type": "clause", "offset": [262, 276]}, {"key": "in-the-event-of", "type": "definition", "offset": [294, 309]}, {"key": "all-references-herein-to-the", "type": "definition", "offset": [365, 393]}, {"key": "to-apply", "type": "clause", "offset": [421, 429]}, {"key": "rights-and-obligations-of-the-transferor", "type": "clause", "offset": [514, 554]}, {"key": "a-person", "type": "clause", "offset": [566, 574]}, {"key": "at-the-time", "type": "clause", "offset": [636, 647]}, {"key": "the-foregoing", "type": "definition", "offset": [653, 666]}, {"key": "in-writing", "type": "clause", "offset": [708, 718]}, {"key": "by-the-general-partner", "type": "clause", "offset": [719, 741]}], "size": 2, "samples": [{"hash": "6C9oUdJmsZc", "uri": "/contracts/6C9oUdJmsZc#substitute-partners", "label": "Limited Partnership Agreement", "score": 30.7851313828, "published": true}], "hash": "99b60f24e9bd2dac76d9148e6be06090", "id": 6}, {"snippet": "Except in the case of assignees pursuant to the provisions of SECTIONS 8.2, 8.3, AND 8.4, an assignee of an Interest shall not become a substitute Partner without -66- the written consent of Shell GP and Tejas GP, which consents may be arbitrarily withheld in the sole discretion of such Partners. Each assignee shall execute an instrument in form and substance satisfactory to Shell GP and Tejas GP agreeing to be bound by this ARTICLE VIII and any other appropriate provisions of this Agreement. Any assignee who is not admitted to the Partnership shall have only the rights to receive distributions and allocations.", "snippet_links": [{"key": "in-the-case", "type": "clause", "offset": [7, 18]}, {"key": "the-provisions-of", "type": "clause", "offset": [44, 61]}, {"key": "an-interest", "type": "clause", "offset": [105, 116]}, {"key": "substitute-partner", "type": "clause", "offset": [136, 154]}, {"key": "consent-of", "type": "clause", "offset": [180, 190]}, {"key": "sole-discretion", "type": "clause", "offset": [264, 279]}, {"key": "form-and-substance", "type": "clause", "offset": [343, 361]}, {"key": "article-viii", "type": "clause", "offset": [429, 441]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [468, 496]}, {"key": "to-the-partnership", "type": "clause", "offset": [531, 549]}, {"key": "the-rights", "type": "clause", "offset": [566, 576]}, {"key": "to-receive", "type": "definition", "offset": [577, 587]}, {"key": "distributions-and-allocations", "type": "clause", "offset": [588, 617]}], "size": 1, "samples": [{"hash": "esfeZESgkVk", "uri": "/contracts/esfeZESgkVk#substitute-partners", "label": "Limited Partnership Agreement (Tejas Gas Corp)", "score": 18.0, "published": true}], "hash": "48c7cd533afffcf523d6aea828cbf925", "id": 7}, {"snippet": "Any transferee of all or part of the interest of a Partner in the Partnership shall be admitted as a substitute Partner of the Partnership only if the transferee has:\n(1) obtained the prior written consent of the other Partner as required by Section 6.3(a)(1) above;\n(2) accepted and assumed all the terms and provisions of this Agreement;\n(3) provided an opinion of counsel, in form and substance acceptable to counsel for the Partnership, that neither the offering nor the transfer of the partnership interest violates any provision of any federal or state securities or comparable law; and\n(4) paid all reasonable expenses of the Partnership in connection with the admission of the transferee as a substitute Partner, including the cost (including reasonable attorneys' fees) of the preparation, filing, and publication of any amendment to this Agreement or to the Amended Certificate that may be necessary or desirable in connection with such admission.", "snippet_links": [{"key": "the-interest", "type": "definition", "offset": [33, 45]}, {"key": "substitute-partner", "type": "clause", "offset": [101, 119]}, {"key": "the-transferee", "type": "clause", "offset": [147, 161]}, {"key": "consent-of-the", "type": "clause", "offset": [198, 212]}, {"key": "other-partner", "type": "definition", "offset": [213, 226]}, {"key": "as-required-by", "type": "clause", "offset": [227, 241]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [310, 338]}, {"key": "opinion-of-counsel", "type": "definition", "offset": [356, 374]}, {"key": "form-and-substance", "type": "clause", "offset": [379, 397]}, {"key": "counsel-for-the-partnership", "type": "definition", "offset": [412, 439]}, {"key": "the-offering", "type": "clause", "offset": [454, 466]}, {"key": "transfer-of-the", "type": "clause", "offset": [475, 490]}, {"key": "partnership-interest", "type": "clause", "offset": [491, 511]}, {"key": "provision-of", "type": "clause", "offset": [525, 537]}, {"key": "state-securities", "type": "definition", "offset": [553, 569]}, {"key": "expenses-of-the-partnership", "type": "clause", "offset": [617, 644]}, {"key": "in-connection-with", "type": "clause", "offset": [645, 663]}, {"key": "the-cost", "type": "clause", "offset": [731, 739]}, {"key": "reasonable-attorneys", "type": "definition", "offset": [751, 771]}, {"key": "agreement-or", "type": "definition", "offset": [848, 860]}, {"key": "amended-certificate", "type": "definition", "offset": [868, 887]}], "size": 1, "samples": [{"hash": "bQKMXHxJfhO", "uri": "/contracts/bQKMXHxJfhO#substitute-partners", "label": "Limited Partnership Agreement (Paxson Minneapolis License Inc)", "score": 18.0, "published": true}], "hash": "7b037e9735085aacf96e1a17d82d5cfb", "id": 8}, {"snippet": "A transferee of any Partner's interest may become a \"Substitute Partner\" (Limited or General, as the case may be) in place of his transferor if, in addition to satisfying all of the applicable requirements set forth herein, the transferor and any transferee shall have executed, acknowledged and delivered to the Managing General Partner such instruments of transfer, assignment and agreement to be bound by the terms of this Partnership as are satisfactory to the General Partners.", "snippet_links": [{"key": "substitute-partner", "type": "clause", "offset": [53, 71]}, {"key": "the-case", "type": "definition", "offset": [97, 105]}, {"key": "place-of", "type": "clause", "offset": [117, 125]}, {"key": "in-addition-to", "type": "clause", "offset": [145, 159]}, {"key": "applicable-requirements", "type": "definition", "offset": [182, 205]}, {"key": "the-transferor", "type": "clause", "offset": [224, 238]}, {"key": "managing-general-partner", "type": "definition", "offset": [313, 337]}, {"key": "instruments-of-transfer", "type": "definition", "offset": [343, 366]}, {"key": "agreement-to-be-bound", "type": "definition", "offset": [383, 404]}, {"key": "terms-of", "type": "definition", "offset": [412, 420]}, {"key": "the-general-partners", "type": "clause", "offset": [461, 481]}], "size": 1, "samples": [{"hash": "kdENhuQWeCZ", "uri": "/contracts/kdENhuQWeCZ#substitute-partners", "label": "Limited Partnership Agreement (Intergroup Corp)", "score": 19.1115674196, "published": true}], "hash": "2f5d600e8e93bd528a54d919f4e6c31d", "id": 9}, {"snippet": "Notwithstanding the other provisions of this Article VIII, no third party that acquires a Partnership Interest will have the right to participate in the management or control of the Partnership or to vote with respect to such Partnership Interest unless such transferee is admitted as a Partner with the written consent of each Partner. No transfer of a Partnership Interest (whether voluntary or involuntary) will be effective unless and until the transferee executes all documents and agreements deemed reasonably necessary or advisable by the General Partner to evidence such transfer and to insure that such transferee has assumed the duties and obligations of a Partner under this Agreement.", "snippet_links": [{"key": "notwithstanding-the", "type": "definition", "offset": [0, 19]}, {"key": "article-viii", "type": "clause", "offset": [45, 57]}, {"key": "no-third-party", "type": "clause", "offset": [59, 73]}, {"key": "participate-in", "type": "definition", "offset": [134, 148]}, {"key": "the-partnership", "type": "clause", "offset": [178, 193]}, {"key": "with-respect-to", "type": "clause", "offset": [205, 220]}, {"key": "consent-of", "type": "clause", "offset": [312, 322]}, {"key": "transfer-of-a-partnership-interest", "type": "clause", "offset": [340, 374]}, {"key": "voluntary-or-involuntary", "type": "clause", "offset": [384, 408]}, {"key": "the-transferee", "type": "clause", "offset": [445, 459]}, {"key": "documents-and-agreements", "type": "clause", "offset": [473, 497]}, {"key": "reasonably-necessary", "type": "clause", "offset": [505, 525]}, {"key": "by-the-general-partner", "type": "clause", "offset": [539, 561]}, {"key": "to-insure", "type": "clause", "offset": [592, 601]}, {"key": "obligations-of", "type": "clause", "offset": [650, 664]}, {"key": "this-agreement", "type": "clause", "offset": [681, 695]}], "size": 1, "samples": [{"hash": "cPWMaLGLjkC", "uri": "/contracts/cPWMaLGLjkC#substitute-partners", "label": "Limited Partnership Agreement (Southern Foods Group L P)", "score": 18.0, "published": true}], "hash": "79b320bd84392c8a6e321648454ac6c6", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhxzdWJzdGl0dXRlLXBhcnRuZXJzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [], "title": "Substitute Partners", "parents": [["transfers", "Transfers"], ["transfers-of-interests", "Transfers of Interests"], ["restrictions-on-transferability-admission-of-substitute-partners", "Restrictions on Transferability Admission of Substitute Partners"], ["general-provisions", "General Provisions"], ["withdrawal-of-the-initial-limited-partner", "Withdrawal of the Initial Limited Partner"]], "size": 25, "id": "substitute-partners", "related": [["substitute-members", "Substitute Members", "Substitute Members"], ["substituted-limited-partners", "Substituted Limited Partners", "Substituted Limited Partners"], ["new-partners", "New Partners", "New Partners"], ["interest-of-departing-general-partner-and-successor-general-partner", "Interest of Departing General Partner and Successor General Partner", "Interest of Departing General Partner and Successor General Partner"], ["substituted-limited-partner", "Substituted Limited Partner", "Substituted Limited Partner"]], "related_snippets": [], "updated": "2025-07-07T16:38:45+00:00"}, "json": true, "cursor": ""}}