Common use of Time of Admission Clause in Contracts

Time of Admission. The Investment Limited Partner shall be deemed to have been admitted to the Partnership as of the Commencement Date for all purposes of this Agreement, including Article X, provided, however, that if treasury regulations are issued under the Code or an amendment to the Code is adopted which would require, in the opinion of the Auditors, that the Investment Limited Partner be deemed admitted on a date other than as of the Commencement Date, then the General Partner shall select a permitted admission date which is most favorable to the Investment Limited Partner.

Time of Admission. The Investment Limited Partner shall be deemed to have been admitted to the Partnership as of the Commencement Date for all purposes of this Agreement, including Article X, X hereof; provided, however, that if treasury regulations are issued under the Code or an amendment to the Code is adopted which would require, in the opinion of the Auditors, that the Investment Limited Partner be deemed admitted on a date other than as of the Commencement Date, then the General Partner Partners shall select a permitted admission date which is most favorable to the Investment Limited Partner.

Time of Admission. The Investment Limited Partner Partners shall be deemed to have been admitted to the Partnership as of the Commencement Date for all purposes of this Agreement, including Article X, ; provided, however, that if treasury regulations are issued under the Code or an amendment to the Code is adopted which would require, in the opinion of the Auditors, that the Investment Limited Partner Partners be deemed admitted on a date other than as of the Commencement Date, then the General Partner Partners shall select a permitted admission date which is most favorable to the Investment Limited PartnerPartners.

Time of Admission. The Investment Limited Partner shall be deemed to have been admitted to the Partnership as of the Commencement Date for all purposes of this Agreement, including Article X, ; provided, however, that if treasury regulations are issued under the Code or an amendment to the Code is adopted which would require, in the opinion of the Auditors, that the Investment Limited Partner be deemed admitted on a date other than as of the Commencement Date, then the General Partner Partners shall select a permitted admission date which is most favorable to the Investment Limited Partner.