Admission, Change or Withdrawal of Partners. (a) The Partners hereby expressly agree that neither the addition of a Partner pursuant to Section 2.3, nor the replacement of a Partner pursuant to Section 4.8 shall cause the dissolution of the Partnership. (b) The Partners hereby expressly agree that the withdrawal of a Partner shall not cause the dissolution of the Partnership, unless, as a result of such withdrawal, there is only one (1) Partner remaining in the Partnership, whereupon the Partnership shall automatically dissolve by operation of law.
Appears in 4 contracts
Samples: Partnership Agreement (Johnstone Tank Trucking Ltd.), Partnership Agreement (Johnstone Tank Trucking Ltd.), Partnership Agreement (Johnstone Tank Trucking Ltd.)
