Admission of New Partner. No person may be introduced as a new partner without the consent of all the existing partners, subject to the provisions of the LLP Act, 2008 and rules framed thereto. Such incoming partner shall give his prior consent to act as Partner of the LLP
Admission of New Partner. Except as otherwise specifically provided for herein, no new Partner may be admitted to the Partnership without the consent of all of the Partners. For purposes of this Section 12.5, a substitute Limited Partner shall not be considered a "new Partner."
Admission of New Partner. No Person may be introduced as a new partner without the consent of all the existing partners. Such incoming partner shall give his prior consent to act as Partner of the X LLP. The Contribution of the partner may be tangible, intangible, Moveable or immoveable property and the incoming partner shall bring minimum contribution of Rs. ………….. The Profit sharing ratio of the incoming partner will be in proportion to his contribution towards X LLP.
Admission of New Partner. As of the Effective Date, Contributor has contributed the Contributed Assets indirectly to the Partnership in exchange for, among other consideration, the issuance by the Partnership to Contributor of 240,000 Series J Preferred Units. All Series J Preferred Units issued to Contributor have been duly issued and fully paid. Contributor, by execution of a separate joinder to the Partnership Agreement, has agreed to be bound by all of the terms and conditions of the Partnership Agreement, as amended by this Amendment. Contributor is hereby admitted to the Partnership as a new Limited Partner. Exhibit A of the Partnership Agreement is hereby deleted in its entirety and is replaced with Exhibit A to this Amendment.
Admission of New Partner. The Partnership xxxxxx admits the New Partner as a Limited Partner having the Interests described on Schedule A hereto.
Admission of New Partner. Upon any transfer permitted by this §9, the Transferee shall be automatically admitted as a Partner in substitution for, or in the case of a partial transfer, in addition to, the Transferring Partner, upon execution of a counterpart of this Agreement. In the event of such a transfer before the Commitment Date, the Percentage Interests of the Transferee and Transferring Partner shall be modified to reflect the interest transferred and, in the event of such a transfer after the Commitment Date, the Percentage Interests shall be modified in accordance with §3.1.4. Except as provided in this §9.5, no such sale, assignment, pledge or other transfer shall give rise to a right in any transferee to become a Partner in the Partnership.
Admission of New Partner. Upon the execution of this Third Amendment by all the parties hereto, effective January 21, 2000 2M shall become an Additional Limited Partner of the Partnership as a "Class C Limited Partner," having the rights and interests of a Class C Limited Partner as set forth in the Second Amendment except as otherwise provided herein.
Admission of New Partner. On or immediately prior to the Redemption Date and subject to Section 11.5 below, C-Stone will make a capital contribution (the "Contribution") to the Company in an amount equal to Redemption Price (as defined in the M.I. Redemption Agreement), plus any required interest thereon pursuant to the M.I. Redemption Agreement, to be paid by the Company to consummate the M.I.
Admission of New Partner. The New Partner is admitted to the Partnership as an Initial/Additional Limited Partner. The General Partner hereby consents to such admission.
Admission of New Partner. The Partners agree to the admission of and hereby admit as a Limited Partner any Person who acquires Units from a Partner with the consent of the General Partner and any other Person to whom the General Partner issues Units, provided that such Person executes and delivers to the General Partner a counterpart of this Agreement as then amended.
