Common use of Admission of General Partners Clause in Contracts

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.

Appears in 2 contracts

Samples: Oppenheimer Capital L P /De/, Oppenheimer Capital L P /De/

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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)6.2, such Affiliate shall be admitted as a General Partner without the approval of any other Partner. (b) Except as provided in Sections 12.1(a), 13.1(b), 13.1(c), 17.1 or 17.2, a Person shall be admitted as a General Partner only if such admission is proposed by the General Partners and Approved by the Unitholders.

Appears in 1 contract

Samples: Pimco Advisors Holdings Lp

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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)6.2, such Affiliate shall be admitted as a General Partner without the approval of any other Partner.

Appears in 1 contract

Samples: Pimco Advisors Holdings Lp

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