Common use of Admission of Additional Limited Partners Clause in Contracts

Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original Limited Partner on the date hereof, a Person (other than an existing Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance, in form and substance satisfactory to the General Partner, of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s admission as an Additional Limited Partner.

Appears in 8 contracts

Samples: Agreement (Aimco OP L.P.), Aimco Properties L.P., Aimco OP L.P.

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Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original Limited Partner on the date hereof, a Person (other than an existing Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance, in form and substance satisfactory to the General Partner, of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s 's admission as an Additional Limited Partner.

Appears in 4 contracts

Samples: Apartment Investment & Management Co, Aimco Properties Lp, Aimco Properties Lp

Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original Limited Partner on the date hereof, a A Person (other than an existing Partner) who makes a Capital Contribution to the Partnership on or after the date hereof in accordance with this Agreement shall be admitted to the Partnership as an Additional Limited Partner by the General Partner, without the consent of any other Partner, only upon furnishing to the General Partner (i) evidence of acceptance, acceptance in form and substance satisfactory to the General Partner, Partner of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s 's admission as an Additional Limited Partner.

Appears in 4 contracts

Samples: Iac Capital Trust, Irvine Apartment Communities L P, Irvine Co Et Al

Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original the Special Limited Partner on the date hereof, a Person (other than an existing Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance, in form and substance satisfactory to the General Partner, of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s 's admission as an Additional Limited Partner.

Appears in 2 contracts

Samples: Newcastle Investment Corp, Fortress Investment Corp

Admission of Additional Limited Partners. A. After Except as otherwise provided elsewhere in this Agreement and subject to the terms and conditions set forth in Section 4.3 hereof, after the admission to the Partnership of an Original the initial Limited Partner Partners on the date hereof, a Person (other than an existing Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance, acceptance in form and substance reasonably satisfactory to the General Partner, Partner of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, and (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute reasonable discretion of the General Partner in order to effect such Person’s 's admission as an Additional Limited Partner.

Appears in 2 contracts

Samples: Westfield America Inc, Westfield America Inc

Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original Limited Partner on the date hereof, a (a) A Person (other than an existing Partner) who makes a Capital Contribution to the Partnership on or after the date hereof in accordance with this Agreement shall be admitted to the Partnership as an Additional Limited Partner by the General Partner, without the consent of any other Partner, only upon furnishing to the General Partner (i) evidence of acceptance, acceptance in form and substance satisfactory to the General Partner, Partner of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s 's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Berkshire Income Realty Inc

Admission of Additional Limited Partners. A. (a) After the admission to the Partnership of an Original the initial Limited Partner Partners on the date hereof, a Person (other than an existing Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance, in form and substance satisfactory to the General Partner, of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, (ii) a counterpart signature page to this Agreement Partner Schedule executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s 's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Registration Rights Agreement (Prologis Trust)

Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original the Special Limited Partner and the DCI Limited Partners on the date hereof, a Person (other than an existing Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance, in form and substance satisfactory to the General Partner, of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s 's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Northstar Capital Investment Corp /Md/

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Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original Limited Partner on the date hereof, a (a) A Person (other than an existing the General Partner, the Initial Limited Partner or a Substituted Limited Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement Agreement, including pursuant to Partnership Securities issued under Section 4.3, shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance, acceptance in form and substance satisfactory to the General Partner, Partner of all of the terms and conditions of this Agreement, including, without limitation, the granting of the power of attorney granted in Section 2.4 hereof1.4, and (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Ferrellgas Partners Finance Corp

Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original the initial Limited Partner Partners on the date hereof, a Person (other than an existing Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement and any transferee of a Limited Partner Interest permitted to be transferred pursuant to Sections 11.01 or 11.03 shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance, acceptance in form and substance satisfactory to the General Partner, Partner of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, 2.04 hereof and (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s admission as an Additional Limited Partner.

Appears in 1 contract

Samples: LNR Capital CORP

Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original the Limited Partner Partners named in Exhibit A attached hereto on the date hereofhereof (other than Xxxxx X. Xxxxxxx who has previously been admitted as a limited partner), a Person (other than an existing Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance, acceptance in form and substance satisfactory to the General Partner, Partner of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, hereof and (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s 's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Reckson Associates Realty Corp

Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original Limited Partner on the date hereof, a (a) A Person (other than a General Partner, an existing Initial Limited Partner or a Substituted Limited Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement in exchange for Limited Partner Interests (other than by virtue of the purchase of APIs) shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the Operating General Partner (i) evidence of acceptance, acceptance in form and substance satisfactory to the Operating General Partner, Partner of all of the terms and conditions of this Agreement, including, without limitation, including the power of attorney granted in Section 2.4 hereof2.6, and (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the Operating General Partner in order to effect such Person’s 's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Agreement (Genesis Energy Lp)

Admission of Additional Limited Partners. A. After the admission to the Partnership of an Original the initial Limited Partner Partners on the date hereof, a Person (other than an existing Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance, in form and substance satisfactory to the General Partner, of all of the terms terms, conditions and conditions applicable of this Agreement, including, without limitation, the power of attorney granted in Section 2.4 hereof, (ii) a counterpart signature page to this Agreement Partner Schedule executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the General Partner in order to effect such Person’s 's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Excel Realty Trust Inc

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