Common use of No Substitutions Clause in Contracts

No Substitutions. No Person shall be admitted to the limited partnership as a substitute general partner, co-general partner or limited partner without the prior written consent of all partners, which consent may be withheld by any partner in its sole and absolute discretion and with or without reason; provided -------- that, a substitute general partner selected upon removal of the General Partner and a substitute co-general partner selected upon removal of the Co-General Partner will be admitted as a substitute general partner or substitute co-general partner, as the case may be. This Article IX does not restrict the issuance or transfer of securities or membership interests issued by the General Partner, Co-General Partner or Limited Partner or the removal or election of directors, officers or managers of the General Partner, the Co-General Partner or the Limited Partner.

No Substitutions. No Person shall be admitted to the limited partnership as a substitute general partnerGeneral Partner, coCo-general partner General Partner or limited partner Limited Partner without the prior written consent of all partners, which consent may be withheld by any partner in its sole and absolute discretion and with or without reason; provided -------- that, that a substitute general partner General Partner selected upon removal of the General Partner and a substitute coCo-general partner General Partner selected upon removal of the Co-General Partner will be admitted as a substitute general partner General Partner or substitute coCo-general partnerGeneral Partner, as the case may be. This Article IX does not restrict the issuance or transfer of securities or membership interests issued by the General Partner, Co-General Partner or Limited Partner or the removal or election of directors, officers or managers of the General Partner, the Co-General Partner or the Limited Partner.