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 of Limited Partnership (Brookfield Property REIT Inc.), Limited Partnership Agreement (Brookfield Property REIT Inc.), Merger Agreement (Brookfield Property Partners L.P.)
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.), Limited Partnership 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: Limited Partnership Agreement (American Real Estate Investment Corp), Limited Partnership Agreement (American Real Estate Investment Corp), Limited Partnership Agreement (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 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: Agreement of Limited Partnership (General Growth Properties, Inc.), Second Amended and Restated Agreement of Limited Partnership (New GGP, Inc.), Second Amended and Restated Agreement of Limited Partnership (New 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 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: Limited Partnership Agreement (Trump Donald J), Limited Partnership Agreement (Trump Hotels & Casino Resorts Funding Inc), Limited Partnership Agreement (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 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, Limited Partnership Agreement (Clipper Realty 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 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: Limited Partnership Agreement (Sky Merger Corp), Limited Partnership Agreement (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 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: Limited Partnership Agreement (Strategic Timber Trust Inc), Limited Partnership Agreement (Liberty Property Limited Partnership)
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.
Appears in 1 contract
Samples: Limited 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 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
Samples: Limited 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 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 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: Limited 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 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 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
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: Limited Partnership Agreement (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 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: Limited Partnership Agreement (Corporate Realty Consultants Inc)
