Common use of Bankruptcy of General Partner Clause in Contracts

Bankruptcy of General Partner. Notwithstanding any other provision of this Agreement to the contrary, the Bankruptcy of the General Partner shall not cause the General Partner to cease to be a general partner of the Partnership and upon the occurrence of such an event, the Partnership shall continue without dissolution.

Appears in 9 contracts

Samples: Limited Partnership Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Limited Partnership Agreement (Usaa Acceptance LLC), Limited Partnership Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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Bankruptcy of General Partner. Notwithstanding any other provision of this Agreement to the contraryAgreement, the Bankruptcy bankruptcy (as defined in the Act) of the General Partner shall not cause the General Partner to cease to be a general partner of the Partnership General Partner and upon the occurrence of such an event, the Partnership shall continue without dissolution.

Appears in 3 contracts

Samples: Agreement, Limited Partnership Agreement (Oaktree Capital Group, LLC), Limited Partnership Agreement (Oaktree Capital Group, LLC)

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