Admission of General Partners. A Limited Partner, or the transferee of all or part of the Partnership Interest of the General Partner, may be admitted to the Partnership as a general partner upon furnishing to the General Partner all of the following:
Admission of General Partners. No additional or substitute general partners may be admitted without the consent of General Partner.
Admission of General Partners. No additional or substitute general partners may be admitted without the consent of General Partner. No Redemption. No Limited Partner shall be entitled to receive a return of or interest on its Capital Contributions or Capital Account, no Partner shall withdraw any portion of its Capital Contributions or receive any distributions from the Fund as a return of capital on account of such Capital Contributions, and the Fund shall not redeem the Interest of any Partner. Partner Loans. No Partner shall be required to make any loans to the Fund.
Admission of General Partners. (a) If a General Partner proposes to Transfer any or all of its GP Units to an Affiliate of such General Partner pursuant to Section 6.2(a), such Affiliate shall be admitted as a General Partner without the approval of any other Partner.
Admission of General Partners. SECTION 13.01. Admission of Additional and Successor General Partner.........60
Admission of General Partners. Upon the consent of a majority of the General Partners, a new general partner may be admitted to the Partnership, PROVIDED that: (I) if CD Tech Fund II, LLC has become a Special Assignee pursuant to Section 9.1(a), CD Tech Fund II, LLC may be replaced by XX XX with an entity controlled by the then chief executive officer of MMC Capital; and (II) subject to the provisions of Article IX of this Agreement, there shall be no reduction or dilution of Points held by any Tier 1 Partner without the prior written consent of such Tier 1 Partner.
Admission of General Partners. SECTION 13.01. Admission of Additional and Successor General Partner. An additional or successor general partner approved pursuant to Section 12.04, 14.01 or 15.01(b) shall be admitted to the Partnership as a General Partner (in the place of or in addition to, as the case may be, the General Partner), effective as of the date that an amendment to the Certificate of Limited Partnership, adding its name and other required information, is filed pursuant to Section 6.01(c) (which, in the event the successor or transferee General Partner is in the place in whole of the withdrawing, removed or transferor General Partner, shall be contemporaneous with the withdrawal of such withdrawing, removed or transferor General Partner without dissolution of the Partnership), and upon receipt by the withdrawing, removed or transferor General Partner of all of the following:
Admission of General Partners. SUCCESSOR GENERAL PARTNERS No additional General Partners or substitute General Partners shall be admitted to the Partnership without the consent of the other General Partner or General Partners, if any, and the consent of Limited Partners holding, collectively, Eighty (80%) Percent of the Percentage Interests allocated to then-outstanding Limited Partnership Interests; provided that, in the event of the dissolution, withdrawal, resignation, death, bankruptcy, removal or other cessation to act as General Partner of the last remaining General Partner, a Majority of the Limited Partners shall have the right to name a successor General Partner within Ninety (90) days, to admit such new General Partner to the Partnership as a General Partner, to create a General Partnership Interest and Percentage Interest of any amount for such new General Partner, and to establish the amount of the Capital Contribution, if any, to be made by such new General Partner. A Percentage Interest shall be created for the new General Partner by (i) converting to a General Partnership Interest all or any portion of a Limited Partnership Interest held by such new General Partner, (ii) proportionately reducing all then-outstanding Percentage Interests such that the aggregate Percentage Interests, including the newly created Percentage Interest, shall equal one hundred percent (100%), or (iii) any combination of (i) and (ii). If no successor General Partner shall be named within said period, then the Partnership shall be deemed dissolved and shall be wound up in accordance with Article 13 hereof.
Admission of General Partners. Upon the consent both of GP I and of a majority of the Tier 1 General Partners, a new general partner may be admitted to the Partnership, PROVIDED that (I) if JG Trident II, LLC has become a Special Assignee pursuant to Section 9.1(a), JG Trident II, LLC may be replaced by GP I with an entity controlled by the then chief executive officer of Xxxxx & XxXxxxxx Companies, Inc., (II) if CD Trident II, LLC has become a Special Assignee pursuant to Section 9.1(a), CD Trident II, LLC may be replaced by GP I with an entity controlled by the then chief executive officer of Xxxxx & McLennan Capital, Inc. and (III) subject to the provisions of Article IX of this Agreement, there shall be no reduction or dilution of Points held by any Tier 1 Partner without the prior written consent of such Tier 1 Partner.
Admission of General Partners. 17 7.4 Withdrawal of General Partner.......................................................... 18 7.5 Event of Withdrawal With Respect to General Partner.................................... 18 7.6 Withdrawal of Limited Partner.......................................................... 18 7.7 Termination of Limited Partner Status.................................................. 18 ARTICLE VIII.................................................................................. 18 8.1 Events Causing Dissolution............................................................. 18 8.2
