Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of Partnership, but the rights of such Limited Partner to share in the Net Income or Net Losses of the Partnership and, to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted Limited Partner without the consent of the General Partner.
Appears in 7 contracts
Samples: Agreement and Plan of Merger (Brookfield Property Partners L.P.), Agreement and Plan of Merger (Brookfield Asset Management Inc.), Agreement and Plan of Merger (GGP Inc.)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on to its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted Limited Partner without the consent of the General Partnerexcept in accordance with Article IX.
Appears in 5 contracts
Samples: Limited Partnership Agreement (SPG SpinCo Subsidiary Inc.), Registration Rights Agreement (Simon Property Group Inc /De/), Limited Partnership Agreement (Simon Property Group L P /De/)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted Limited Partner without the consent of the General Partner.
Appears in 5 contracts
Samples: Agreement (American Real Estate Investment Corp), Agreement (American Real Estate Investment Corp), Rights And (American Real Estate Investment Corp)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not not, in and of itself, cause a dissolution of the Partnership, but and the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall any such assignee(s) successor or assign become a Substituted substitute Limited Partner without the consent of the General Partnerexcept in accordance with Article VIII.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Bumble Bee Capital Corp.), Limited Partnership Agreement (Bumble Bee Capital Corp.), Limited Partnership Agreement (Bumble Bee Capital Corp.)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. HoweverIn no event, in no event however, shall such assignee(s) become a Substituted substituted Limited Partner without the consent of the General Partnerexcept in accordance with Article 9 hereof.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Starwood Hotel & Resorts Worldwide Inc), Limited Partnership Agreement (Starwood Hotel & Resorts Worldwide Inc), Limited Partnership Agreement (Starwood Hotel & Resorts Worldwide Inc)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its to such Limited Partner’s successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(sAssignee(s) become a Substituted Limited Partner without except in accordance with the consent terms of the General Partnerthis Agreement.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Clipper Realty Inc.), www.sec.gov, Limited Partnership Agreement (Forest City Realty Trust, Inc.)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of Partnership, but the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted Limited Partner without the consent of the General Partner.
Appears in 3 contracts
Samples: Fourteenth Amendment (New GGP, Inc.), Fourteenth Amendment (New GGP, Inc.), General Growth Properties, Inc.
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. HoweverIn no event, in no event however, shall such assignee(s) become a Substituted substituted Limited Partner without the consent of the General Partnerexcept in accordance with Article IX hereof.
Appears in 3 contracts
Samples: Trump Hotels & Casino Resorts Funding Inc, Trump Donald J, Trump Hotels & Casino Resorts Inc
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted substituted Limited Partner without the consent of the General Partnerexcept in accordance with Article IX hereof.
Appears in 2 contracts
Samples: Liberty Property Limited Partnership, Strategic Timber Trust Inc
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its to such Limited Partner’s successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) successor or assign become a Substituted Limited Partner without except in accordance with the consent terms of the General Partnerthis Agreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Forest City Enterprises Inc), Limited Partnership Agreement (Forest City Realty Trust, Inc.)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income or Net Losses Loss of the Partnership and, and to receive distributions of from the Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to and in accordance with the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted Limited Partner without the consent of the General Partnerexcept in accordance with ARTICLE IX hereof.
Appears in 2 contracts
Samples: Sky Merger Corp, Sky Merger Corp
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income or Net Losses Loss of the Partnership and, and to receive distributions of from the Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to and in accordance with the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted Limited Partner without the consent of the General Partnerexcept in accordance with Article IX hereof.
Appears in 1 contract
Samples: Prime Retail Inc
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on to its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted Limited Partner without the consent of the General Partnerexcept in accordance with Article IX.
Appears in 1 contract
Samples: Limited Partnership Agreement (Washington Prime Group Inc.)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. HoweverIn no event, in no event however, shall such assignee(s) become a Substituted an Assignee Limited Partner without the consent of the General Partnerexcept in accordance with Article IX hereof. 1. 1.
Appears in 1 contract
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms terns and conditions of this Agreement, and the Partnership shall continue as a limited partnership. HoweverIn no event, in no event however, shall such assignee(s) become a Substituted an Assignee Limited Partner without the consent of the General Partnerexcept in accordance with Article IX hereof.
Appears in 1 contract
Samples: Partnership Agreement (CBL & Associates Properties Inc)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, and to receive distributions of 50 Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. HoweverIn no event, in no event however, shall such assignee(s) become a Substituted substituted Limited Partner without the consent of the General Partnerexcept in accordance with Article 9 hereof.
Appears in 1 contract
Samples: Limited Partnership Agreement (Starwood Hotel & Resorts Worldwide Inc)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income or Net Losses Loss of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted Limited Partner without the consent of the General Partner, except in accordance with Article IX hereof.
Appears in 1 contract
Samples: Cleveland Indians Baseball Co Inc
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms terns and conditions of this Agreement, and the Partnership shall continue as a limited partnership. HoweverIn no event, in no event however, shall such assignee(s) become a Substituted an Assignee Limited Partner without the consent of the General Partner.except in accordance
Appears in 1 contract
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted Limited Partner without the consent of the General Partnerexcept in accordance with Section 12 hereof.
Appears in 1 contract
Samples: Limited Partnership Agreement (Glimcher Realty Trust)
Bankruptcy of a Limited Partner. The Bankruptcy of any Limited Partner shall not cause a dissolution of the Partnership, but the rights of such Limited Partner to share in the Net Income Profits or Net Losses of the Partnership and, and to receive distributions of Partnership funds shall, on the happening of such event, devolve on to its successors or assigns, subject to the terms and conditions of this Agreement, and the Partnership shall continue as a limited partnership. However, in no event shall such assignee(s) become a Substituted Limited Partner without the consent of the General Partner.limited
Appears in 1 contract
Samples: Corporate Realty Consultants Inc
