Substitute Limited Partner. A person admitted to all of the rights of a Limited Partner who has died or assigned his interest in the Partnership, or in the case of a Limited Partner that is a partnership, joint venture, association, corporation or trust, that has been dissolved or assigned its interest in the Partnership.
Substitute Limited Partner. A Limited Partner or the transferee of a Limited Partner may transfer all, but not a part of his Unit(s) to a Substitute Limited Partner provided:
Limited Partner. The Limited Partners hereunder and any such persons admitted to the Partnership as substituted Limited Partners.
Limited Partner Percentage. In respect of any Limited Partner the percentage obtained by converting to a percentage the fraction having the Initial Capital Contribution of such Limited Partner as its numerator and having the Limited Partners’ Capital as its denominator.
A person becoming a Substitute Limited Partner of the Partnership as permitted by this Agreement;
Death, etc. of a Limited Partner. Upon the death, bankruptcy, legal incompetency or insolvency of a Limited Partner, (or, in the case of a Limited Partner that is a partnership, joint venture, association, corporation or trust, the dissolution of such Limited Partner), the personal representative, guardian or other successor in interest of such Limited Partner shall have the right of the Limited Partner for the sole purpose of settling the estate of such person pursuant to the provisions of [Section 9.2], but such assignee may become a Substitute Limited Partner in the Partnership only in accordance with the provisions of [Section 9.2].
Admission of Additional Limited Partners. No additional Limited Partners shall be admitted to the Partnership; provided however, that the General Partner may admit Substitute Limited Partners at any time pursuant to [Article IX].
That the transferee executes an instrument satisfactory to the General Partner accepting and adopting the provisions and agreements set forth herein and pays any reasonable expenses in connection with his admission as a Substitute Limited Partner; and
General Partner. The General Partner is or any successor general partner as provided herein.
General Partner. The General Partner shall contribute to the Partnership cash in an amount equal to one percent (1%) of the total Initial Contributions of the Partners and other property as set opposite its name on the signature page attached to this Agreement.
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