Common use of Substitute Partner Clause in Contracts

Substitute Partner. No Assignee or transferee of all or part of the Partnership Interest of any Partner shall have the right to become a substitute Partner, unless: a. His assignee has stated such intention in the instrument of assignment; b. The assignee has executed an instrument reasonably satisfactory to both the General and Limited Partner accepting and adopting the terms and provisions of this Agreement; and c. The assign or or assignee has paid any reasonable expense of the Partnership in connection with the admission of the assignee as a Partner.

Substitute Partner. No Assignee assignee or transferee of all or part of the Partnership Interest of any Partner shall have the right to become a substitute Partner, unless: a. His assignee assignor has stated such intention in the instrument of assignment; b. The assignee has executed an instrument reasonably satisfactory to both the General and Limited Partner accepting and adopting the terms and provisions of this Agreement; and c. The assign or assignor or assignee has paid any reasonable expense of the Partnership in connection with the admission of the assignee as a Partner. d. The General Partner affirms in writing the substitution. 11.4.

Substitute Partner. No Assignee assignee or transferee of all or part of the Partnership Interest of any Partner shall have the right to become a substitute Partner, unless: a. His assignee assignor has stated such intention in the instrument of assignment; b. The assignee has executed an instrument reasonably satisfactory to both the General and Limited Partner accepting and adopting the terms and provisions of this Agreement; and c. The assign or assignor or assignee has paid any reasonable expense of the Partnership in connection with the admission of the assignee as a Partner. d. The General Partner affirms in writing the substitution.

Substitute Partner. No Assignee or transferee of all or part of the Partnership Interest of any Partner shall have the right to become a substitute Partner, unless: a. His assignee has stated such intention in the instrument of assignment; b. The assignee has executed an instrument reasonably satisfactory to both the General and Limited Partner accepting and adopting the terms and provisions of this Agreement; and c. The assign or assignor or assignee has paid any reasonable expense of the Partnership in connection with the admission of the assignee as a Partner.

Substitute Partner. No Assignee or transferee of all or part of the Partnership Interest of any Partner shall have the right to become a substitute Partner, unless: a. His assignee has stated such intention in the instrument of assignment; b. The assignee has executed an instrument reasonably satisfactory to both the General and Limited Partner accepting and adopting the terms and provisions of this Agreement; and c. The assign or assignor or assignee has paid any reasonable expense of the Partnership in connection with the admission of the assignee as a Partner.

Substitute Partner. No Assignee assignee or transferee of all or part of the Partnership Interest of any Partner shall have the right to become a substitute Partner, unless: a. His assignee assignor has stated such intention in the instrument of assignment; b. The assignee has executed an instrument reasonably satisfactory to both the General and Limited Partner accepting and adopting the terms and provisions of this Agreement; and c. The assign or assignor or assignee has paid any reasonable expense of the Partnership in connection with the admission of the assignee as a Partner.