Common use of Admission of Additional Limited Partners Clause in Contracts

Admission of Additional Limited Partners. A. After the admission to the Partnership of the initial Limited Partner on the Effective Date, a Person 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 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 3.4 and, if applicable, 12.2(A) hereof and (ii) such other documents or instruments as may be required in the discretion of the General Partner in order to effect such Person's admission as an Additional Limited Partner.

Appears in 4 contracts

Samples: Indemnification Agreement (Carlyle Real Estate LTD Partnership Xiv /Il/), Indemnification Agreement (JMB Manhattan Associates LTD), Indemnification Agreement (Carlyle Real Estate LTD Partnership Xiii)

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Admission of Additional Limited Partners. A. After the admission to the Partnership of the initial Limited Partner Partners on the Effective Datedate hereof, a Person 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 execution of a joinder to this Agreement evidencing such Additional Limited Partner’s acceptance in form 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 3.4 and, if applicable, 12.2(A) hereof 2.4 and (ii) furnishing to the General Partner such other documents or instruments as may be required in the discretion of the General Partner in order to effect such Person's ’s admission as an Additional Limited Partner.

Appears in 3 contracts

Samples: Agreement (MGM Growth Properties LLC), MGM Growth Properties LLC, MGM Growth Properties LLC

Admission of Additional Limited Partners. A. After Except as otherwise provided elsewhere in this Agreement, after the admission to the Partnership of the initial Limited Partner Partners on the Effective Datedate hereof, a Person who makes a Capital Contribution 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 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 3.4 and, if applicable, 12.2(A) 2.4 hereof and (ii) such other documents or instruments as may be required in the discretion of the General Partner in order to effect such Person's admission as an Additional Limited Partner.

Appears in 2 contracts

Samples: Agreement (Pacific Gulf Properties Inc), Pacific Gulf Properties Inc

Admission of Additional Limited Partners. A. (a) After the admission to the Partnership of the initial Initial Limited Partner on the Effective DatePartners, a Person who makes a Capital Contribution to the Partnership in accordance with this Agreement in exchange for a Limited Partnership Interest shall be admitted to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance in form satisfactory to the General Partner of all of the terms and conditions of this AgreementAgreement and the Notice of Exchange, including, without limitation, the power of attorney granted in Section 3.4 and, if applicable, 12.2(A) hereof 8.2 hereof; and (ii) such other documents or instruments as may be required in the discretion of the General Partner in order to effect such Person's ’s admission as an Additional Limited Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (West Coast Realty Trust, Inc.), Limited Partnership Agreement (West Coast Realty Trust, Inc.)

Admission of Additional Limited Partners. A. After the admission to the Partnership of the initial Limited Partner on the Effective Date, a (a) 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 3.4 and2.4 hereof, if applicable, 12.2(A(ii) hereof a counterpart signature page to this Agreement executed by such Person and (iiiii) 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 2 contracts

Samples: Northstar Realty, Northstar Realty

Admission of Additional Limited Partners. A. After the admission to the Partnership of the initial Limited Partner on the Effective Date, a (a) 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 3.4 and2.4 hereof, if applicable, 12.2(A(ii) hereof a counterpart signature page to this Agreement executed by such Person and (iiiii) 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: NorthStar Asset Management Group Inc., Agreement (Meruelo Maddux Properties, Inc.)

Admission of Additional Limited Partners. A. After the admission to the Partnership of the initial Limited Partner on the Effective Date, a (a) 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 3.4 and2.5 hereof, if applicable, 12.2(A(ii) hereof a counterpart signature page to this Agreement executed by such Person and (iiiii) 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: NorthStar Realty Europe Corp., NorthStar Realty Europe Corp.

Admission of Additional Limited Partners. A. After the admission to the Partnership of the initial Limited Partner on the Effective Date, a (a) A Person who makes a Capital Contribution to the Partnership in accordance with this Agreement or who exercises the right to receive Partnership Units pursuant to the Merger Agreement or any other option to receive any Partnership Units shall be admitted to the Partnership as an Additional additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance in form 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 3.4 and, if applicable, 12.2(A) SECTION 2.6 hereof and (ii) such other documents or instruments as may be required in the discretion of the General Partner in order to effect such Person's admission as an Additional additional Limited Partner.

Appears in 2 contracts

Samples: Sky Merger Corp, Sky Merger Corp

Admission of Additional Limited Partners. A. After the admission to the Partnership of the initial Limited Partner on the Effective Date, a (a) A Person who makes a Capital Contribution to the Partnership in accordance with this Agreement or who exercises the right to receive Partnership Units pursuant to the Merger Agreement or any other option to receive any Partnership Units shall be admitted to the Partnership as an Additional additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance in form 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 3.4 and, if applicable, 12.2(A) 2.6 hereof and (ii) such other documents or instruments as may be required in the discretion of the General Partner in order to effect such Person's admission as an Additional additional Limited Partner.

Appears in 1 contract

Samples: Prime Retail Inc

Admission of Additional Limited Partners. A. After Except as otherwise provided elsewhere in this Agreement, after the admission of Eden to the Partnership of as the initial original Limited Partner on the Effective Datedate hereof, a Person 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 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 3.4 and2.4 hereof, if applicable, 12.2(A) hereof and (ii) such other documents or instruments as may be required in the discretion of the General Partner in order to effect such Person's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Master Contribution Agreement (Pacific Gulf Properties Inc)

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Admission of Additional Limited Partners. A. After Except as otherwise provided elsewhere in this Agreement, after the admission to the Partnership of the initial Original Limited Partner on the Effective Datedate hereof, a Person 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 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 3.4 and2.4 hereof, if applicable, 12.2(A) hereof and (ii) such other documents or instruments as may be required in the discretion of the General Partner in order to effect such Person's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Management Agreement (Pacific Gulf Properties Inc)

Admission of Additional Limited Partners. A. After Except as otherwise provided elsewhere in this Agreement, after the admission of Eden to the Partnership of as the initial Original Limited Partner on the Effective Datedate hereof, a Person 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 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 3.4 and2.4 hereof, if applicable, 12.2(A) hereof and (ii) such other documents or instruments as may be required in the discretion of the General Partner in order to effect such Person's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Property Management Agreement (Pacific Gulf Properties Inc)

Admission of Additional Limited Partners. A. After the admission to the Partnership of the initial Limited Partner on the Effective Date, a 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 terms, conditions and conditions applicable of this Agreement, including, without limitation, the power of attorney granted in Section 3.4 and2.4 hereof, if applicable, 12.2(A(ii) hereof a Partner Schedule executed by such Person and (iiiii) 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: Excel Realty Trust Inc

Admission of Additional Limited Partners. A. After (a) A Person (other than the admission to General Partner, the Partnership of the initial MLP or a Substituted Limited Partner on the Effective Date, a Person 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 satisfactory to the General Partner of all of the terms and conditions of this Agreement, including, without limitation, including the power of attorney granted in Section 3.4 and2.6, if applicable, 12.2(A) hereof and (ii) such other documents or instruments as may be required in the SHAMROCK LOGISTICS OPERATIONS, L.P. discretion of the General Partner in order to effect such Person's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Valero L P

Admission of Additional Limited Partners. A. After the admission to the Partnership of the initial Limited Partner Partners on the Effective Datedate 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 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 3.4 and, if applicable, 12.2(A) 2.4 hereof and (ii) such other documents or instruments as may be required in the discretion of the General Partner in order to effect such Person's admission as an Additional Limited Partner.

Appears in 1 contract

Samples: Center Trust Inc

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