Joining the Partnership Clause Samples
Joining the Partnership. 14.1.1 The Partnership agrees that no Partnership member can authorise the joining of an organisation to the Partnership without the formal agreement of the Partnership in a unanimous vote.
Joining the Partnership. 13.4.1 Except for the circumstances set forth herein where the General Partner has the right to determine on its own to accept a new Partner to join the Partnership, without the consent of the Partners’ Meeting, no admission of a new Partner shall be granted within the Term of the Partnership.
13.4.2 Except for the circumstances set forth herein where the General Partner has the right to determine on its own to accept a new Partner to join the Partnership, following requirements shall be met concurrently for a Limited Partner to join this Limited Partnership:
(1) He/her/it shall admit this Agreement, execute this Agreement or execute a supplementary agreement separately;
(2) Consent of the Partners’ Meeting has been obtained;
(3) He/she/it shall perform the rights and obligations set forth herein.
13.4.3 New General Partner shall bear unlimited joint and several liability for the debts of the Partnership incurred before he/she joins the Partnership.
13.4.4 New Limited Partners shall bear liability to the extent of his/her subscribed amount of capital contribution for the debts of the Partnership incurred before he/she joins the Partnership.
Joining the Partnership. The Parties agreed that the new member could join the Partnership by joining the Public Association of the Non-Governmental Organizations "City of Content" in accordance with the procedure specified in its Charter. Party 2 is informed of the accession of new members to the public association.