Admission of Additional General Partners. Subject to any other provision of this Agreement, a person may be admitted as a General Partner only with the written consent of each General Partner or with the written consent of fifty-one percent (51%) of all Partners.
Admission of Additional General Partners. A. The Managing Partner may at any time designate additional General Partners with such interest in the Partnership as the Managing Partner and such additional General Partners may agree upon. The additional General Partner shall make his Capital Contribution to the Partnership in such manner and at such time as determined by the Managing Partner and the General Partner Percentages shall be appropriately adjusted and transferred. All such changes shall be reflected in the books and records of the Partnership. The Managing Partner may admit additional General Partners to the Partnership at any time without the consent of any current General Partner or Limited.
Admission of Additional General Partners. Subject to any other provision of The Agreement, a person may be admitted as a General Partner after the Certificate of Limited 194 Partnership is filed and only with the written consent of The General Partner and a vote or written consent of a majority in interest of the Limited Partners. 196
Admission of Additional General Partners. One or more additional General Partners may only be admitted to the Partnership with the unanimous consent of all of the Partners.
Admission of Additional General Partners. (a) Subject to the provisions of Section 3.7(b), the General Partner may cause the Partnership to admit one or more Persons (including one or more Affiliates of the General Partner) to the Partnership as a general partner (“Additional General Partner”) and, in connection therewith, may amend this Agreement to provide that any one or more of such Additional General Partners may possess and exercise any one or more of the rights, powers, and authority of a general partner hereunder.
Admission of Additional General Partners. The General Partner shall Notify the Limited Partners promptly after the admission of any additional General Partner or a successor general partner.
Admission of Additional General Partners. The General Partner may admit additional General Partners or substitute General Partners to the Fund with the Approval of the Limited Partners. Notwithstanding the foregoing prohibition, the General Partner may admit additional General Partners or substitute General Partners to the Fund that are Affiliates of the General Partner upon such terms as it shall determine in its sole discretion without the approval of any Limited Partners; provided, however, that the allocations of Net Income (Loss) and increases (decreases) in Net Asset Value allowable to such Affiliate of the General Partner shall be made solely out of amounts otherwise allowable to the General Partner, unless all of the Limited Partners consent to a change in the allocation of such items.
Admission of Additional General Partners. No additional general partner may be added without the prior written consent of the Limited Partners, which consent shall not be unreasonably withheld, and such additional general partner may only be added if it agrees to be bound by all of the terms of this Agreement and such admission would not have any of the effects described in clauses (i) through (vi) of Section 5.3(c) hereof.
Admission of Additional General Partners. Any Person may be admitted to the Partnership as an Additional General Partner at any time upon the written consent of each General Partner, if any is remaining at such time, and the affirmative vote of seventy-five percent (75%) in interest of the Limited Partners at such time. Such Person shall make such Capital Contributions as all of the General Partners shall determine, shall agree in writing to be bound by the terms of this Agreement, and shall thereupon have such of the rights of a General Partner as provided herein as all of the General Partners may determine to grant such Person. Upon admission of an Additional General Partner, the Percentage Interest of each Partner shall be adjusted in accordance with Section 4.5(c).
Admission of Additional General Partners. One or more additional or substitute General Partners may be admitted to the Partnership from time to time by the General Partner in the circumstances contemplated by Section 10.1, provided the additional or substitute general partner is reasonably expected, as determined by a majority of the Board of Trustees of BRT, to be able to fulfill the duties of a general partner hereunder. Otherwise, no additional General Partner may be admitted to the Partnership except as provided in Section 13.2. The terms of such assignment and the nature of the duties of the newly admitted General Partner shall be as agreed upon between the General Partner and such additional General Partner.
