Common use of Bankruptcy or Withdrawal of a Partner Clause in Contracts

Bankruptcy or Withdrawal of a Partner. The bankruptcy or withdrawal of a Limited Partner shall not in and of itself dissolve the Partnership. A Limited Partner shall not withdraw from the Partnership prior to the dissolution of the Partnership except with the consent of the General Partner.

Appears in 3 contracts

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

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Bankruptcy or Withdrawal of a Partner. The bankruptcy or withdrawal of a Limited Partner shall not in and of itself dissolve the Partnership. A Limited Partner shall not withdraw from the Partnership prior to the dissolution of the Partnership except with the written consent of the General Partner.

Appears in 2 contracts

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

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