Common use of Rights of Representatives Clause in Contracts

Rights of Representatives. If a Partner who is a natural person dies, or is adjudged incompetent, the Partner’s executor, administrator, guardian, conservator, or legal representative may exercise the rights of the Partner under this Agreement for purposes of administering the Partner’s property or settling the Partner’s estate. If a Partner is a corporation, trust, or other entity, and is dissolved or terminated, the Partner’s legal successor or representative may exercise its rights. Nothing contained in this Section 7.4 will constitute any such executor, administrator, guardian, conservator, representative, or successor a Substituted Limited Partner, unless admitted as such pursuant to Section 7.6.

Rights of Representatives. If a Partner who is a natural person dies, or is adjudged incompetent, the Partner’s 's executor, administrator, guardian, conservator, or legal representative may exercise the rights of the Partner under this Agreement for purposes of administering the Partner’s 's property or settling the Partner’s 's estate. If a Partner is a corporation, trust, or other entity, and is dissolved or terminated, the Partner’s 's legal successor or representative may exercise its rights. Nothing contained in this Section 7.4 will constitute any such executor, administrator, guardian, conservator, representative, or successor a Substituted Limited Partner, unless admitted as such pursuant to Section 7.6.