Substituted Partners. (a) No Partner shall have the right to substitute in its place a purchaser, assignee, transferee, donee, heir, legatee or other recipient of all or any portion of the Partnership Interest of such Partner. Any such purchaser, assignee, transferee, donee, legatee, distributee or other recipient of an interest shall be admitted to the Partnership as a substituted Partner only with the consent of each of the Partners, which consent may be granted or withheld by any Partner in it sole discretion.
Appears in 4 contracts
Samples: Partnership Agreement (Easy Gardener Products LTD), Limited Partnership Agreement (Us Home & Garden Trust I), Fiber Glass Systems Lp
Substituted Partners. (a) No Partner shall have the right to substitute in its place a purchaser, assignee, transferee, donee, heir, legatee or other recipient of all or any portion of the Partnership Interest of such Partner. Any such purchaser, assignee, transferee, donee, legatee, distributee or other recipient of an interest shall be admitted to the Partnership as a substituted Partner only with the consent of each of the Partners, General Partner which consent may be granted or withheld by any Partner in it sole discretion.
Appears in 1 contract
Samples: Golfsmith International Holdings Inc
