Substitution of Partners. Unless otherwise agreed in writing by the General Partner and a transferee of a Partnership Interest (which agreement may be a condition to the General Partner's approval of the transfer where such approval is required hereunder), any transferee of a Partnership Interest from a Partner, if such transfer complies with Article VII, shall be admitted as a Partner, such admission to be effective immediately prior to such transfer, only if such substitute Partner shall have agreed to be bound by the terms and conditions of this Agreement by executing a counterpart hereof. Whether or not such a counterpart is executed, such transferee shall be deemed, by acquiring such interest in the Partnership, to have agreed to
Substitution of Partners. Regardless of compliance with any of the provisions hereof (including, without limitation, the provisions of Article VII hereof) permitting a Transfer or a Pledge of a Partnership Interest, no Transfer or Pledge of a Partnership Interest shall be recognized by or be binding upon the Partnership unless: (i) such instruments as may be required by the Partnership Law or other applicable law or to effect the continuation of the Partnership and the Partnership's ownership of its properties are executed and delivered and/or filed;
Substitution of Partners. 30 Section 11.2. Admission of Additional Partners....................................30 Section 11.3. Withdrawal..........................................................30 Section 11.4. Classes of Partnership Interests....................................30
Substitution of Partners. A transferee of a Partnership Interest shall have the right to become a substitute Partner only if (i) the consent of a majority interest of the Partners and the Managers is obtained, (ii) securities and tax requirements hereof are met, (iii) such person executes an instrument satisfactory to the Managers accepting and adopting the terms and provisions of this Agreement, and (iv) such person pays any reasonable expenses in connection with the person's admission as a new Partner.
Substitution of Partners. (a) Notwithstanding anything herein to the contrary, no transferee of a Partner's Interest in the Partnership shall become a substituted Partner with respect to the transferred Interest unless and until the General Partner and all of the Partners entitled to participate in decisions to be made by Partners shall have given their written consent thereto (which written consent may be withheld by any Partner arbitrarily) and the transferee shall have:
Substitution of Partners. 83 Section 8.3 Failure or Refusal to Grant Consent . . . . . . . . . . . . . . . . . . . . . . . . . . 84 Section 8.4 Issuance of Additional Interests to TREIX xxx Other Persons or of Incentive Interests to Certain Persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 Section 8.5 Conversion of Partnership Interests . . . . . . . . . . . . . . . . . . . . . . . . . . 87 Section 8.6 No Change to TG Receivable Documents . . . . . . . . . . . . . . . . . . . . . . . . . . 88
Substitution of Partners. 32 7.3 Effective Date of Transfers and Admission to Partnership ............. 32 7.4 Rights of Legal Representatives ...................................... 33 7.5 No Effect to Transfers in Violation of Agreement ..................... 33 7.6 Right of Partnership and Remaining Partners to Purchase Partnership Interest Prior to Transfer ...................................... 33 7.7 Piggy-Back Right ..................................................... 34 7.8 Right of Managing Partner to Call Partnership Interest of Non-Managing Partner and JMB LP ................................. 34 7.9
Substitution of Partners. A Transfer shall not be effective, and Transferee shall not become a substitute Partner, unless the Transferee executes an instrument satisfactory to the Non-Transferring Partners (other than the Limited Partners) accepting and adopting the terms and provisions of this Agreement, and the Transferee pays any reasonable expenses in connection with such Transferee's admission as a new Partner. The admission of a substitute Partner shall not result in the release of the Transferor from any liability that the Transferor may have to the Partnership or any other Partner as of the date of the Transfer. A Transferor who is a Partner shall cease to be a Partner upon the effective date of Transfer under Section 7.3.
Substitution of Partners
