Admission of New Partners. The General Partner shall admit to the Partnership as limited partners those persons and entities who are not already Partners and who receive a Participation Interest, OP Units and/or Preference Units in accordance with the provisions of this Agreement.
Admission of New Partners. Except as the Partners may otherwise agree from time to time, a new Partner may be admitted to the Partnership only with the Consent of each other Partner.
Admission of New Partners. 17.1 Further partners may be added to this Agreement by the approval of the Strategic Oversight Board.
Admission of New Partners. In connection with any Transfer permitted hereunder or the issuance of Interests to a Person who was not a Partner before the issuance, the General Partner may admit a transferee or Person acquiring such Interests as a general partner or limited partner of the Partnership without further action by any other Partner or any other Person, and any such transferee or Person acquiring such Interests will be deemed admitted to the Partnership as a general partner or limited partner of the Partnership immediately prior to the Transfer, and the business of the Partnership shall continue thereafter without dissolution.
Admission of New Partners. 6.1 Further partners may be added to the Agreement(s) with the unanimous agreement of the Parties.
Admission of New Partners. The General Partner may admit other Limited Partners on such terms and conditions as it may, in its sole discretion, deem appropriate, provided that the rights of the existing Limited Partners are not impaired thereby. The General Partner shall not admit any new General Partner without the consent of all of the Limited Partners, which consent shall not unreasonably be withheld.
Admission of New Partners. Sec. 5.01
Admission of New Partners. After the Effective Date, new Partners may be admitted to the Partnership only with the written consent of, and upon such terms and conditions as are approved by the unanimous approval of the Management Committee. No admission of any new Partner shall cause the General Partner's interest in Partnership allocations, distributions and capital to be less than one percent (1%), and no Partner's Sharing Ratio in the Partnership shall be reduced or diluted unless approved in writing by such Partner or unless otherwise provided in any other written agreement to which such Partner is a party.
Admission of New Partners. (a) New Partners may be admitted to the Partnership only with the written consent of the General Partner; provided, however, that in no event shall a new Partner be admitted to the Partnership if such admission would, after giving effect to such admission, cause the number of Targeted Holders to exceed ninety (90). No Partner’s Sharing Ratio or interest in the Partnership shall (as a result of the admission of any new Partner or the increase in any Partner’s Sharing Ratio) be diluted or otherwise reduced unless approved in writing by such diluted Partner. Substituted Partners shall not be deemed new Partners for purposes of this Section 6.1.
Admission of New Partners. From and after the Effective Date, a Person acquiring an interest in the Company is admitted as a Partner upon the satisfaction of all requirements in this Partnership Agreement.
