Common use of Admission of Additional Partners Clause in Contracts

Admission of Additional Partners. One or more additional limited partners and general partners of the Partnership may be admitted to the Partnership with the written consent of the General Partner provided that such new limited partner or general partner, as applicable, agrees to be bound by the terms of this Agreement; provided, however, that notwithstanding the foregoing, so long as the Loan remains outstanding, no additional limited partner or general partner, as applicable, may be admitted to the Partnership pursuant to this Section 15 unless expressly permitted by the Loan Documents and Section 2(d), 14 or 15 of this Agreement.

Admission of Additional Partners. One or more additional limited partners and general partners of the Partnership may be admitted to the Partnership with the written consent of the General Partner provided that such new limited partner or general partner, as applicable, agrees to be bound by the terms of this AgreementPartner; provided, however, that that, notwithstanding the foregoing, so long as the Loan any Obligation remains outstanding, no additional limited partner Limited Partner or general partner, as applicable, General Partner may be admitted to the Partnership pursuant to this Section 15 unless expressly permitted by the Loan Documents and Section 2(d), 14 or 15 of this AgreementBasic Documents.