Common use of Additional General Partners Clause in Contracts

Additional General Partners. One or more additional individual or associate General Partners may be admitted to the Partnership, from time to time, in the discretion of the Managing General Partner. In addition, successor General Partners may be elected pursuant to, and as described in, the provisions of Paragraphs 16.2.2, 17.4 and 19.1.1 of this Partnership Agreement. In such event, the aggregate interest of the General Partners in Partnership Net Income, Net Loss and Distributions shall be apportioned among the General Partners in such manner as the General Partners shall agree and will not alter the allocations between the General and Limited Partners.

Additional General Partners. One or more additional individual or associate General Partners may be admitted to the PartnershipPartnership by agreement of both General Partners, from time to time, in the discretion of the Managing General Partner. In additionPartners; however, successor General Partners may be elected only pursuant to, and as described in, the provisions of Paragraphs 16.2.2, 17.4 16.2.2 and 19.1.1 of this Partnership Agreement. In such event, the aggregate interest of the General Partners in Partnership Net Income, Net Loss and Distributions shall be apportioned among the General Partners in such manner as the General Partners shall agree and will not alter the allocations between the General and Limited Partnersagree.