Common use of Substituted Limited Partner Clause in Contracts

Substituted Limited Partner. No person or entity taking or acquiring, by whatever means, the interest of any Limited Partner in the Partnership shall be admitted as a Substituted Limited Partner without the consent of the General Partner and unless such person or entity: (a) Elects to become a Substituted Limited Partner by delivering notice of such election to the Partnership; (b) Executes, acknowledges and delivers to the Partnership such other instruments as the General Partner may deem necessary or advisable to effect the admission of such person or entity as a Substituted Limited Partner, including, without limitation, the written acceptance and adoption by such person or entity of the provisions of this Agreement; and (c) Pays a transfer fee to the Partnership in an amount sufficient to cover all reasonable expenses connected with the admission of such person or entity as a Substituted Limited Partner.

Substituted Limited Partner. No person or entity Person taking or acquiring, by whatever means, means the interest of any Limited Partner in the Partnership Partnership, except as provided in Section 11.2 hereof, shall be admitted as a Substituted Limited Partner without the consent of the General Partner (which consent may be unreasonably withheld) and unless such person or entityPerson: (a) Elects to become a Substituted Limited Partner by delivering notice of such election to the Partnership; (b) Executes, acknowledges and delivers to the Partnership such other instruments as the General Partner may deem necessary or advisable to effect the admission of such person or entity Person as a Substituted Limited Partner, including, without limitation, the written acceptance and adoption by such person or entity Person of the provisions of this Agreement; and (c) Pays a transfer fee to the Partnership in an amount sufficient to cover all reasonable expenses connected with the admission of such person or entity Person as a Substituted Limited Partner.

Substituted Limited Partner. No person or entity Person taking or acquiring, by whatever means, the interest of any Limited Partner in the Partnership Partnership, shall be admitted as a Substituted Limited Partner without the consent of the General Partner (which consent may be withheld in the sole discretion of the General Partner) and unless such person or entityPerson: (a) Elects to become a Substituted Limited Partner by delivering notice of such election to the Partnership; (b) Executes, acknowledges and delivers to the Partnership such other instruments as the General Partner may deem necessary or advisable to effect the admission of such person or entity Person as a Substituted Limited Partner, including, without limitation, the written acceptance and adoption by such person or entity Person of the provisions of this Agreement; and (c) Pays a transfer fee to the Partnership in an amount sufficient to cover all reasonable expenses connected with the admission of such person or entity Person as a Substituted Limited Partner.

Substituted Limited Partner. No person or entity Person taking or acquiring, by whatever means, the interest of any Limited Partner in the Partnership shall be admitted as a Substituted Limited Partner without the consent of the General Partner (which consent may be unreasonably withheld) and unless such person or entityPerson: (a) Elects to become a Substituted Limited Partner by delivering notice of such election to the Partnership; (b) Executes, acknowledges and delivers to the Partnership such other instruments as the General Partner may deem necessary or advisable to effect the admission of such person or entity as a Substituted Limited Partner, including, without limitation, the written acceptance and adoption by such person or entity of the provisions of this Agreement; and (c) Pays a transfer fee to the Partnership in an amount sufficient to cover all reasonable expenses connected with the admission of such person or entity as a Substituted Limited Partner.

Substituted Limited Partner. No person or entity Person taking or acquiring, by whatever means, means the interest of any Limited Partner in the Partnership Partnership, except as provided in Section 11.2 hereof, shall be admitted as a Substituted Limited Partner without the consent of the General Partner (which consent may not be unreasonably withheld) and unless such person or entityPerson: (a) Elects to become a Substituted Limited Partner by delivering notice of such election to the Partnership; (b) Executes, acknowledges and delivers to the Partnership such other instruments as the General Partner may deem necessary or advisable to effect the admission of such person or entity Person as a Substituted Limited Partner, including, without limitation, the written acceptance and adoption by such person or entity Person of the provisions of this Agreement; and (c) Pays a transfer fee to the Partnership in an amount sufficient to cover all reasonable expenses connected with the admission of such person or entity Person as a Substituted Limited Partner.

Substituted Limited Partner. No person or entity Person taking or acquiring, by whatever means, the interest of any Limited Partner in the Partnership Partnership, shall be admitted as a Substituted Limited Partner without the consent of the General Partner (which consent may be withheld in the sole discretion of the General Partner) and unless such person or entityPerson: (a) Is a Qualified Purchaser; (b) Elects to become a Substituted Limited Partner by delivering notice of such election to the Partnership; (bc) Executes, acknowledges and delivers to the Partnership such other instruments as the General Partner may deem necessary or advisable to effect the admission of such person or entity Person as a Substituted Limited Partner, including, without limitation, the written acceptance and adoption by such person or entity Person of the provisions of this Agreement; and (cd) Pays a transfer fee to the Partnership in an amount sufficient to cover all reasonable expenses connected with the admission of such person or entity Person as a Substituted Limited Partner.