Common use of Admission of Partners Clause in Contracts

Admission of Partners. Section 12.1 Admission of a Successor General Partner A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor shall carry on the business of the Partnership without dissolution. In such case, the admission shall be subject to such successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 20 contracts

Samples: Agreement (Broad Street Realty, Inc.), Freehold Properties, Inc., Agreement (Pillarstone Capital Reit)

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Admission of Partners. Section 12.1 Admission of a Successor General Partner A successor to all of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner Partner's executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 7 contracts

Samples: Vornado Operating Inc, Vornado Operating Co, Vornado Realty Trust

Admission of Partners. Section 12.1 Admission of a Successor General Partner A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 5 contracts

Samples: Cedar Income Fund LTD, Carramerica Realty Corp, Carramerica Realty Corp

Admission of Partners. Section 12.1 Admission of a Successor General Partner A successor to all of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 2 contracts

Samples: Eldertrust, Eldertrust

Admission of Partners. Section 12.1 13.1 Admission of a Successor General Partner A successor to all of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such successor General Partner executing and delivering to the Partnership an a written acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 2 contracts

Samples: Host Marriott Trust, Host Marriott L P

Admission of Partners. Section 12.1 Admission of a Successor General Partner Partner. A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 11.02 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon immediately prior to such transferTransfer. Any such successor shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 2 contracts

Samples: First (Empire State Realty OP, L.P.), First (Empire State Realty Trust, Inc.)

Admission of Partners. Section 12.1 Admission of a Successor General Partner A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 2 contracts

Samples: Tanger Factory Outlet Centers Inc, Tanger Properties LTD Partnership /Nc/

Admission of Partners. Section 12.1 12.1. Admission of a Successor General Partner A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon immediately prior to such transferTransfer. Any such successor shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms terms, conditions and conditions applicable obligations of this Agreement and such other documents or instruments as may be required to effect the admission. Section 12.2.

Appears in 1 contract

Samples: Agreement (Price Reit Inc)

Admission of Partners. Section 12.1 Admission of a Successor General Partner A successor to all of the General Partner’s General Partner Partnership Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner Partner’s executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Vornado Realty Trust

Admission of Partners. Section 12.1 Admission of a Successor General Partner -------------------------------------- A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner with the consent of the Limited Partners shall be admitted to the Partnership as the General Partner, Partner effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Center Trust Inc

Admission of Partners. Section 12.1 Admission of a Successor General Partner -------------------------------------- A successor to all of the General Partner’s General Partner Interest (i) pursuant to Section 11.2 11.2.D hereof shall be admitted to the Partnership as a successor General Partner in accordance with the provisions of Section 11.4.C, and (ii) pursuant to Section 11.2.C hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.to

Appears in 1 contract

Samples: Meristar Hotels & Resorts Inc

Admission of Partners. Section 12.1 Admission of a Of Successor General Partner A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon immediately prior to such transferTransfer. Any such successor shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms terms, conditions and conditions applicable obligations of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Agreement (Cornerstone Realty Income Trust Inc)

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Admission of Partners. Section 12.1 12.1. Admission of a Successor General Partner A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.an

Appears in 1 contract

Samples: Amb Property Corp

Admission of Partners. Section 12.1 Admission of a Successor General Partner SECTION 13.1 ADMISSION OF SUCCESSOR GENERAL PARTNER A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 12.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon concurrently with such transferTransfer. Any such successor shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms terms, conditions and conditions applicable obligations of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Pennsylvania Real Estate Investment Trust

Admission of Partners. Section 12.1 Admission of a Successor General Partner . A successor to all of the General Partner’s General Partner Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon immediately prior to such transferTransfer. Any such successor shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Extra Space Storage Inc.

Admission of Partners. Section 12.1 Admission of a Successor General Partner A successor to all of the General Partner’s General Partner Partnership Interest pursuant to Section 11.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor shall carry on the business of the Partnership without dissolution. In such case, the admission shall be subject to such successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Kite Realty Group Trust)

Admission of Partners. Section 12.1 Admission of a Successor General Partner ADMISSION OF A SUCCESSOR GENERAL PARTNER A successor to all of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such successor General Partner executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: LaSalle Hotel Properties

Admission of Partners. Section 12.1 12.01. Admission of a Successor General Partner A successor to all of the General Partner’s 's General Partner Partnership Interest pursuant to Section 11.2 hereof who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transfer. Any such successor transferee shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner Partner's executing and delivering to the Partnership an acceptance of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Sl Green Realty Corp

Admission of Partners. Section 12.1 Admission of a Successor General Partner Partner. A successor to all of the General Partner’s 's General Partner Interest pursuant to Section 11.2 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective upon such transferTransfer. Any such successor shall carry on the business of the Partnership without dissolution. In such each case, the admission shall be subject to such the successor General Partner executing and delivering to the Partnership an acceptance of all of the terms terms, conditions and conditions applicable obligations of this Agreement and such other documents or instruments as may be required to effect the admission.

Appears in 1 contract

Samples: Agreement (Koger Equity Inc)

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