Common use of New General Partner Clause in Contracts

New General Partner. A new general partner shall not be a "non-Canadian" within the meaning of the Investment Canada Act (Canada) or a "non-resident" or a partnership that is not a "Canadian partnership", in each case, within the meaning of the Income Tax Act (Canada) and will become a party to this Agreement by signing a counterpart hereto and will agree to be bound by all of the provisions hereof and to assume the obligations, duties and liabilities of the General Partner hereunder as from the date the new general partner becomes a party to this Agreement.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

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New General Partner. A new general partner General Partner shall not be a "non-Canadian" “non resident” of Canada within the meaning of the Investment Canada Act (Canada) or a "non-resident" or a partnership that is not a "Canadian partnership", in each case, within the meaning of the Income Tax Act (Canada) and will become a party to this Agreement by signing a counterpart hereto hereof and will agree to be bound by all of the provisions hereof and to assume the obligations, duties and liabilities of the General Partner hereunder as from the date the new general partner General Partner becomes a party to this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement

New General Partner. A The new general partner General Partner shall not be a "non-Canadian" within the meaning of the Investment Canada Act (Canada) or a "non-resident" or a partnership that is not a "Canadian partnership"resident under the Tax Act, in each case, within the meaning of the Income Tax Act (Canada) and will it shall become a party to this Agreement by signing a counterpart hereto and will thereof; it shall agree to be bound by all of the provisions hereof of this Agreement and to assume all the obligations, duties and liabilities responsibilities of the General Partner hereunder pursuant hereto as from of the date the new general partner it becomes a party to this Agreementhereto.

Appears in 1 contract

Samples: Agreement (Alderon Iron Ore Corp.)

New General Partner. A new general partner shall will not be a "non-Canadian" within resident of Canada for the meaning purposes of the Income Tax Act or a non-Canadian for the purposes of the Investment Canada Act (Canada) or a "non-resident" or a partnership that is not a "Canadian partnership"), in each case, within the meaning of the Income Tax Act (Canada) and will become a party to this Agreement by signing a counterpart hereto hereof and will agree to be bound by all of the provisions hereof and to assume the obligations, duties and liabilities of the General Partner hereunder as from the date the new general partner becomes a party to this Agreement.

Appears in 1 contract

Samples: s3-us-west-2.amazonaws.com

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New General Partner. A new general partner shall will not be a "non-Canadian" within resident of Canada for the meaning purposes of the Income Tax Act or a non-Canadian for the purposes of the Investment Canada Act (Canada) or a "non-resident" or a partnership that is not a "Canadian partnership"), in each case, within the meaning of the Income Tax Act (Canada) and will become a party to this Agreement by signing a counterpart hereto hereof and will agree to be bound by all of the provisions hereof and to assume the obligations, duties and liabilities of the General Partner hereunder as from the date the new general partner becomes a party to this Agreement. The new general partner will subscribe for one general partnership interest.

Appears in 1 contract

Samples: Limited Partnership Agreement

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