Common use of Admission of Additional General Partner Clause in Contracts

Admission of Additional General Partner. The General Partner may cause the Partnership to admit as an additional General Partner any person controlling, controlled by or under common control with the General Partner. The Limited Partners hereby consent in advance to such an admission of an additional General Partner pursuant to this Section 6.3; provided, however, that such admission shall not in any manner reduce the interest of the Limited Partners in the Partnership. Unless otherwise agreed by the General Partner and the person to be admitted as an additional General Partner, the additional General Partner so admitted shall have the same rights and responsibilities as the General Partner under this Agreement.

Appears in 2 contracts

Samples: Ply Gem Industries Inc, Ply Gem Industries Inc

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Admission of Additional General Partner. The General Partner may cause the Partnership to admit as an additional General Partner any person controlling, controlled by or under common control with the General Genera] Partner. The Limited Partners hereby consent in advance to such an admission of an additional General Partner pursuant to this Section 6.3; provided, however, that such admission shall not in any manner reduce the interest of the Limited Partners in the Partnership. Unless otherwise agreed by the General Partner and the person to be admitted as an additional General Partner, the additional General Partner so admitted shall have the same rights and responsibilities as the General Partner under this Agreement.

Appears in 1 contract

Samples: Agreement (Ply Gem Industries Inc)

Admission of Additional General Partner. The General Partner may cause admit one or more additional general partners at any time without the Partnership consent of any Limited Partner. Any additional general partner shall be admitted as a general partner upon its execution of a counterpart signature page to admit as an additional General Partner any person controllingthis Agreement, controlled or a separate instrument evidencing their agreement to adhere to and be bound by or under common control with this Agreement, in a form satisfactory to the General Partner. The Limited Partners hereby consent in advance , pursuant to which such an admission of an additional person undertakes and agrees to become a General Partner pursuant to this Section 6.3; provided, however, that such admission shall not in any manner reduce the interest of the Limited Partners in the Partnership. Unless otherwise agreed by the The incumbent General Partner and shall make such filings with the person Registrar as are necessary pursuant to be admitted as an additional General Partner, the additional General Partner so admitted shall have Partnership Law to effect the same rights and responsibilities as admission of any general partner to the General Partner under this AgreementPartnership.

Appears in 1 contract

Samples: Apollo Global Management, Inc.

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Admission of Additional General Partner. The General Partner may cause the Partnership to admit as an additional General Partner any person controlling, controlled by or under common control with Affiliate of any of the General PartnerPartners. The Limited Partners hereby consent in advance to such an admission of an additional General Partner pursuant to this Section 6.37.02; provided, however, that such admission shall not in any manner reduce the interest Interests of the Limited Partners in the PartnershipPartners. Unless otherwise agreed by the General Partner and the person Person to be admitted as an additional General Partner, the additional General Partner so admitted shall have the same rights and responsibilities as the General Partner under this Agreement.

Appears in 1 contract

Samples: Columbia Energy Group

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