Substituted General Partner definition

Substituted General Partner means any Person admitted to the Partnership as a substituted General Partner pursuant to Section 9.1.
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Substituted General Partner means a person that is admitted as a General Partner to the Partnership pursuant to Section 10.02 or Section 11.01.
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Substituted General Partner. A Person who is admitted to the Partnership as an additional or successor General Partner in accordance with Section 12.
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Examples of Substituted General Partner in a sentence

  • The removal of the General Partner shall become effective upon the admission of the Substituted General Partner and upon the admission of a Substituted General Partner the entire Interest of the General Partner shall be deemed to be transferred and conveyed to the Substituted General Partner which transfer shall not require the payment of any consideration to the removed General Partner by any party.

  • Transfer by General Partner; Admission of Substituted General Partner.

  • By so signing, the Limited Partners, any Substituted Limited Partner or Substituted General Partner, as the case may be, shall be deemed to have adopted, and to have agreed to be bound by, all the provisions of this Agreement.

  • The General Partner and the Limited Partners, any Substituted Limited Partner and any Substituted General Partner shall each become a signatory hereof by signing such number of counterpart signature pages to this Agreement and such other instruments and in such manner - as the General Partner shall determine.

  • Admission of -------------------------------------------------------------- Substituted General Partner.

  • Xxxxx Vice President BY: HWCC-AURORA MANAGEMENT, INC., Its Substituted General Partner By:________________________________ Xxxxxxx X.

  • Such Assignee shall become a Substituted General Partner or Substituted Limited Partner, as the case may be, if and only if such admission is consented to in writing by all of the Partners.

  • Xxxxx Vice President BY: HWCC-AURORA MANAGEMENT, INC., Its Substituted General Partner By: ----------------------------------- Xxxxxxx X.

  • Wilshap is hereby (i) admitted to FAS as a Substituted General Partner (as such term is defined in the Fresh Air Solutions, L.P. Limited Partnership Agreement dated February 27, 1998 (the "Partnership Agreement")) to replace I Partner as the sole general partner of FAS with a 1% general partnership interest in FAS, and (ii) admitted to FAS as a Limited Partner of FAS with a 56.6% limited partnership interest therein, in each case subject to the terms and conditions of the Partnership Agreement.

  • Wilshap hereby acknowledges, adopts and agrees to be bound by all of the terms, conditions and covenants of the Partnership Agreement both (i) as a Substituted General Partner to replace I Partner as the sole general partner of FAS with a 1% general partnership interest therein, and (ii) as a Limited Partner of FAS with a 56.6% limited partnership interest therein.


More Definitions of Substituted General Partner

Substituted General Partner means any Person admitted to the Partnership as a substituted General Partner pursuant to Section 9.1. “Substituted Limited Partner” means any Person admitted to the Partnership as a substituted Limited Partner pursuant to Section 9.2(b). “Tax Matters Partner” has the meaning set forth in Section 8.8 hereof.
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Substituted General Partner means any Person admitted to the Partnership as a substituted General Partner pursuant to the "Transfer of Interests by Partners" Article.
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Related to Substituted General Partner

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • 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.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.