Examples of Additional Unitholder in a sentence
A Person may be admitted to the Company as an Additional Unitholder only upon the Board’s receipt from such Person of (i) a joinder, in form satisfactory to the Board, whereby such Person agrees to be party to this Agreement and bound by all of its terms and conditions (including the power of attorney granted in Section 15.1) and (ii) such other documents or instruments as may be necessary or appropriate to effect such Person’s admission as a Unitholder.
The admission of an Additional Unitholder will be effective as of the date on which such conditions are satisfied, as the Board reasonably determines, The Board will reflect the admission of an Additional Unitholder on the Company’s books and records.