Admission of Additional or Successor Partners Sample Clauses

Admission of Additional or Successor Partners. 34 11.1 Admission of Additional Limited Partners 34 11.2 Admission of Successor General Partner 35 ARTICLE 12 WITHDRAWAL OF PARTNERS 36 12.1 Withdrawal of the General Partner 36 12.2 Interest of Departing General Partner and Successor General Partner 37 12.3 Withdrawal of Limited Partners 38 ARTICLE 13 TERMINATION OF THE PARTNERSHIP 38 13.1 General 38 13.2 Incapacity 38 13.3 Liquidation 39 13.4 Distributions in Kind 40 13.5 Cancellation of Certificate of Limited Partnership 41 13.6 Reasonable Time for Winding Up 41 13.7 Return of Capital 41 13.8 Waiver of Partition 41 ARTICLE 14 AMENDMENT OF PARTNERSHIP AGREEMENT; MEETINGS; RECORD DATE 41 14.1 Amendment to be Adopted Solely by General Partner 41 14.2 Amendment Procedures 43 14.3 Amendment Requirements 43 14.4 Meetings 44 14.5 Notice of Meeting 44 14.6 Record Date 44 14.7 Adjournment 45 14.8 Quorum 45 14.9 Conduct of Meeting 45 14.10 Action Without a Meeting 46 14.11 Voting and Other Rights 46 ARTICLE 15 MERGER 47 15.1 Authority 47 15.2 Procedure for Merger, Consolidation or Other Combination 47 15.3 Approval by Limited Partners of Merger or Consolidation 48 15.4 No Dissenters’ Rights 49 15.5 Effect of Merger 49 ARTICLE 16 GENERAL PROVISIONS 50 16.1 Enurement 50 16.2 Notices 50 16.3 Further Assurances 51 16.4 Counterparts 51 SCHEDULE A.......................................................................................................................... A-1 AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF BROOKFIELD INFRASTRUCTURE PARTNERS L.P. THIS AGREEMENT is made as of the 16th day of February, 2018 among BROOKFIELD INFRASTRUCTURE PARTNERS LIMITED (the “General Partner”), an exempted company existing under the laws of Bermuda, as the General Partner, and each person who is admitted to the Partnership (as hereinafter defined) as a limited partner in accordance with the provisions of this Agreement.
Admission of Additional or Successor Partners 

Related to Admission of Additional or Successor Partners

  • Admission of Successor General Partner A successor General Partner approved pursuant to Section 11.1 or 11.2 or the transferee of or successor to all of the General Partner Interest pursuant to Section 4.6 who is proposed to be admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to the withdrawal or removal of the predecessor or transferring General Partner, pursuant to Section 11.1 or 11.2 or the transfer of the General Partner Interest pursuant to Section 4.6, provided, however, that no such successor shall be admitted to the Partnership until compliance with the terms of Section 4.6 has occurred and such successor has executed and delivered such other documents or instruments as may be required to effect such admission. Any such successor shall, subject to the terms hereof, carry on the business of the members of the Partnership Group without dissolution.

  • Admission of a Substitute or Additional General Partner A Person shall be admitted as a substitute or additional General Partner of the Partnership only if the following terms and conditions are satisfied:

  • Admission of Assignees as Substitute Limited Partners An Assignee will become a substitute Limited Partner only if and when each of the following conditions is satisfied:

  • Admission of Additional Partners After the Private Placement of the Units of Limited Partnership Interest has been terminated by the General Partner, no additional General Partner will be admitted to the Partnership except as described in Paragraph 17(c). The General Partner may take such actions as may be necessary or appropriate at any time to offer new Units or partial Units of Limited Partnership Interest and to admit new or substituted Limited Partners to the Partnership. All subscribers who have been accepted by the General Partner shall be deemed admitted as Limited Partners at the time they are reflected as such in the books and records of the Partnership.

  • Successor Person Substituted for Company Upon any consolidation or amalgamation by the Company with or merger of the Company into any other Person or any conveyance, transfer or lease of the properties and assets of the Company substantially as an entirety to any Person in accordance with Section 8.1, the successor Person formed by such consolidation or amalgamation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein; and thereafter, except in the case of a lease, the predecessor Person shall be released from all obligations and covenants under this Indenture, the Securities and the Coupons.

  • Successor Guarantor Substituted Upon any consolidation or merger by the Guarantor with or into any other Person, or any conveyance, transfer or lease by the Guarantor of its properties and assets substantially as an entirety to any Person in accordance with Section 7.1, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Guarantee Agreement with the same effect as if such successor Person had been named as the Guarantor herein; and in the event of any such conveyance, transfer or lease the Guarantor shall be discharged from all obligations and covenants under this Guarantee Agreement.

  • Admission of Additional Members One or more additional members of the Company may be admitted to the Company with the written consent of the Member.

  • Successor Partners For purposes of this Exhibit B, a transferee of a Partnership Interest shall be deemed to have been allocated the Net Income, Net Loss, Net Property Gain, Net Property Loss and other items of Partnership income, gain, loss, deduction and credit allocable to the transferred Partnership Interest that previously have been allocated to the transferor Partner pursuant to this Agreement. Exhibit C Certificate of Limited Partnership

  • Admission of Substitute Limited Partner (a) Subject to the other provisions of this Article 9, an assignee of the Limited Partnership Interest of a Limited Partner (which shall be understood to include any purchaser, transferee, donee, or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only with the consent of the General Partner and upon the satisfactory completion of the following:

  • Admission of Substitute Member A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

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