Subsequent Partner definition

Subsequent Partner means a Person admitted to the Partnership as a Partner after the date hereof through the sale or issuance by the Partnership of additional Partnership Interests and not through the transfer of existing Partnership Interests.
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Subsequent Partner means any partner who becomes a partner by virtue of the acquisition of another Limited Partner’s Token and by virtue of which such Subsequent Partner becomes a Limited Partner in this Partnership;
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Subsequent Partner is a Partner who becomes a Partner after the Effective Date, whether due to a transfer by an existing Partner or otherwise.
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Examples of Subsequent Partner in a sentence

  • Upon the admission of a Subsequent Partner, the General Partner shall update the Token Schedule to take into account that person and the Capital Account of the Limited Partner shall, without further ado, be automatically ceded and assigned to the Subsequent Partner.

  • Upon the transfer of a Token/s, the Subsequent Partner shall become a Limited Partner of the Partnership and become bound by the terms hereof and the Terms and Conditions.


More Definitions of Subsequent Partner

Subsequent Partner has the meaning set forth in Article 2.8.1 hereof.
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Related to Subsequent Partner

  • Business Partner means a legal entity that requires use of a training service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.

  • General Partner has the meaning set forth in the Preamble.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.