Common use of Substituted Limited Partners Clause in Contracts

Substituted Limited Partners. No Person taking or acquiring, by whatever means, the interest of any Partner in the Partnership shall be admitted as a Substituted Limited Partner in the Partnership (a “Substituted Limited Partner”) without the written consent of the General Partner, which consent may be withheld or granted in the sole and absolute discretion of the General Partner.

Appears in 38 contracts

Samples: Limited Partnership Agreement (Environtech Inc.), Agreement (Environtech Inc.), Partnership Agreement (Environtech Inc.)

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