Examples of Substituted Limited Partner in a sentence

The failure or refusal by the General Partner to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or the General Partner.
Unless admitted as a Substituted Limited Partner, no transferee, whether by a voluntary Transfer, by operation of law or otherwise, shall have any rights hereunder, other than the rights of an Assignee as provided in Section 10.5.
Any transferee, whether or not admitted as a Substituted Limited Partner, shall take subject to the obligations of the transferor hereunder.
If the General Partner’s consent is required for the admission of any transferee under Section 10.3 as a Substituted Limited Partner, as described in Section 10.4, and the General Partner withholds such consent, such transferee shall be considered an Assignee for purposes of this Agreement.

More Definitions of Substituted Limited Partner

Substituted Limited Partner has the meaning given that term in Section 8.3.

Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 12.1 in place of and with all the rights of a Limited Partner and who is shown as a Limited Partner on the books and records of the Partnership.

Substituted Limited Partner shall have the meaning set forth in Section 8.2 hereof.

Substituted Limited Partner. That Person or those Persons admitted to the Partnership as substitute Limited Partner(s), in accordance with the provisions of this Agreement. A Substituted Limited Partner, upon his admission as such, shall succeed to the rights, privileges and liabilities of his predecessor in interest as a Limited Partner.

Substituted Limited Partner has the meaning set forth in Section 10.04.

Substituted Limited Partner means any Person admitted to the Fund as a Limited Partner pursuant to the provisions of Section 11.6 hereof and shown as a Limited Partner in the books and records of the Fund.

Substituted Limited Partner means any Unit Holder admitted to the Partnership as a Substituted Limited Partner pursuant to Section 7.3 or Sections 8.1 and 8.2 of this Agreement.