Common use of Additional Limited Partners Clause in Contracts

Additional Limited Partners. Subject to Section 3.2, any Person acceptable to the General Partner may become an additional Limited Partner of the Partnership for such consideration as the General Partner shall determine, provided that such additional Limited Partner complies with all the requirements of a transferee under Section 7.3(b) and (c).

Appears in 13 contracts

Sources: Limited Partnership Agreement, Limited Partnership Agreement (Plains Gp Holdings Lp), Simplification Agreement (Plains All American Pipeline Lp)

Additional Limited Partners. Subject to Section 3.2, any Person person acceptable to the General Partner may become an additional Limited Partner of the Partnership for such consideration as the General Partner shall determine, provided that such additional Limited Partner complies with all the requirements of a transferee under Section 7.3(b7.3 (b), (c) and (cd); provided, however that Adena Minerals, LLC and its Permitted Transferees shall not be required to comply with the requirements of a transferee under Section 7.3(c).

Appears in 5 contracts

Sources: Limited Partnership Agreement, Limited Partnership Agreement (Natural Resource Partners Lp), Limited Partnership Agreement (Natural Resource Partners Lp)

Additional Limited Partners. Subject to Section 3.2, any Person person acceptable to the General Partner may become an additional Limited Partner of the Partnership for such consideration as the General Partner shall determine, provided that such additional Limited Partner complies with all the requirements of a transferee under Section 7.3(b7.3 (b), (c) and (cd).

Appears in 3 contracts

Sources: Limited Partnership Agreement (Acin LLC), Limited Partnership Agreement (Natural Resource Partners Lp), Limited Partnership Agreement (Natural Resource Partners Lp)

Additional Limited Partners. Subject to Section 3.2, any Person acceptable to the General Partner may ----------- become an additional Limited Partner of the Partnership for such consideration as the General Partner shall determine, provided that such additional Limited Partner complies with all the requirements of a transferee under Section 7.3(b) -------------- and (c).. ---

Appears in 1 contract

Sources: Limited Partnership Agreement (Plains All American Pipeline Lp)