Common use of Partners; Admission of New Partners Clause in Contracts

Partners; Admission of New Partners. Each of the Partners of the Partnership hereby continue as Partners of the Partnership. The rights, duties and liabilities of the Partners shall be as provided in the Act, except as is otherwise expressly provided herein, and the Partners consent to the variation of such rights, duties and liabilities as provided herein. A Person may be admitted from time to time as a new Partner in accordance with Section 8.05 and Section 8.06; provided, however, that each new Partner shall execute and deliver to the General Partner an appropriate supplement or counterpart or instrument of adherence to this Agreement pursuant to which the new Partner agrees to be bound by the terms and conditions of the Agreement, as it may be amended from time to time.

Appears in 4 contracts

Samples: Exempted Limited Partnership Agreement (Apollo Global Management LLC), Partnership Agreement (Apollo Global Management LLC), Exempted Limited Partnership Agreement (Apollo Global Management LLC)

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Partners; Admission of New Partners. Each of the Partners of the Partnership hereby continue as Partners of the Partnership. The rights, duties and liabilities of the Partners shall be as provided in the Act, except as is otherwise expressly provided herein, and the Partners consent to the variation of such rights, duties and liabilities as provided herein. A Person may be admitted from time to time as a new Partner in accordance with Section 8.05 and Section 8.06; provided, however, that each new Partner shall execute and deliver to the General Partner an appropriate supplement or counterpart or instrument of adherence to this Agreement pursuant to which the new Partner agrees to be bound by the terms and conditions of the Agreement, as it may be amended from time to time.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Apollo Global Management LLC), Limited Partnership Agreement (Apollo Global Management LLC)

Partners; Admission of New Partners. Each of the Partners of the Partnership hereby continue continues as Partners of the Partnership. The rights, duties and liabilities of the Partners shall be as provided in the Act, except as is otherwise expressly provided herein, and the Partners consent to the variation of such rights, duties and liabilities as provided herein. A Person may be admitted from time to time as a new Partner in accordance with Section 8.05 and Section 8.06; provided, however, that each new Partner shall execute and deliver to the General Partner an appropriate supplement or counterpart or instrument of adherence to this Agreement pursuant to which the new Partner agrees to be bound by the terms and conditions of the Agreement, as it may be amended from time to time.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Apollo Global Management LLC), Limited Partnership Agreement (Apollo Global Management LLC)

Partners; Admission of New Partners. Each of the Partners of the Partnership hereby continue continues as Partners of the Partnership. The rights, duties and liabilities of the Partners shall be as provided in the ActPartnership Law, except as is otherwise expressly provided herein, and the Partners consent to the variation of such rights, duties and liabilities as provided herein. A Person may be admitted from time to time as a new Partner in accordance with Section 8.05 and Section 8.06; provided, however, that each new Partner shall execute and deliver to the General Partner an appropriate supplement or counterpart or instrument of adherence to this Agreement pursuant to which the new Partner agrees to be bound by and adhere to the terms and conditions of the Agreement, as it may be amended from time to time.

Appears in 2 contracts

Samples: Apollo Global Management LLC, Apollo Global Management LLC

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Partners; Admission of New Partners. Each of the Partners of the Partnership hereby continue continues as Partners of the Partnership. The rights, duties and liabilities of the Partners shall be as provided in the Act, except as is otherwise expressly provided herein, and the Partners consent to the variation of such rights, duties and liabilities as provided herein. A Person may be admitted from time to time as a new Partner in accordance with Section 8.05 and Section 8.06; provided, however, that each new Partner shall execute and deliver to the General Partner an appropriate supplement or counterpart or instrument of adherence to this Agreement pursuant to which the new Partner agrees to adhere to and be bound by the terms and conditions of the Agreement, as it may be amended from time to time.

Appears in 2 contracts

Samples: Partnership Agreement (Apollo Global Management LLC), Apollo Global Management LLC

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