Common use of Continuation of Partnership Business Clause in Contracts

Continuation of Partnership Business. (a) PROCEDURE IF THERE IS A REMAINING GENERAL PARTNER. Upon the Withdrawal of a General Partner, the remaining General Partner or Partners, if any, shall promptly notify the Limited Partners and Unitholders of such Withdrawal. The remaining General A-28 Partner or Partners may elect to continue the Partnership business. If at any time Krupp Insured Plus Corp. or a successor General Partner with substantial xxx worth shall Withdraw as a General Partner, the remaining General Partners or Partner, if any, may (but shall not be obligated to) propose for admission a Substitute General Partner or General Partners, unless a Substitute General Partner shall have already been proposed by the Limited Partners pursuant to Section 13 hereof. Any such proposed Substitute General Partner shall, with the specific written consent of the other General Partner and of the Limited Partners with respect to not less than a majority of the Limited Partner Interests, become a Substitute General Partner upon his or its execution of this Agreement.

Continuation of Partnership Business. (a) PROCEDURE IF THERE IS A REMAINING GENERAL PARTNERProcedure if there is a Remaining General Partner. Upon the Withdrawal of a General Partner, the remaining General Partner or Partners, if any, shall promptly notify the Limited Partners and Unitholders of such Withdrawal. The remaining General A-28 Partner or Partners may elect to continue the Partnership business. If at any time The Krupp Insured Plus Corp. Company Limited Partnership-II or a successor General Partner with substantial xxx xxxxtantial net worth shall Withdraw as a General Partner, the remaining General Partners or Partner, if any, Partner may (but shall not be obligated to) ), propose for admission a Substitute General Partner or General Partners, unless a Substitute General Partner shall have already been proposed by the Investor Limited Partners pursuant to Section 13 hereof. Any such proposed Substitute General Partner shall, with the specific written consent of the other General Partner Partners, of the Original Limited Partner, and of the Investor Limited Partners with respect to holding not less than a majority two-thirds of the Limited Partner InterestsUnits, become a Substitute General Partner upon his or its execution of this Agreement.

Continuation of Partnership Business. (a) PROCEDURE IF THERE IS A REMAINING GENERAL PARTNERProcedure if there is a Remaining General Partner. Upon the Withdrawal of a General Partner, the remaining General Partner or Partners, if any, shall promptly notify the Limited Partners and Unitholders of such Withdrawal. The remaining General A-28 Partner or Partners may elect to continue the Partnership business. If at any time Krupp Insured Plus Corp. The Xxxxx Company Limited Partnership-II or a successor General Partner with substantial xxx net worth shall Withdraw withdraw as a General Partner, the remaining General Partners or Partner, if any, Partner may (but shall not be obligated to) ), propose for admission a Substitute General Partner or General Partners, unless a Substitute General Partner shall have already been proposed by the Investor Limited Partners pursuant to Section 13 hereof. Any such proposed Substitute General Partner shall, shall with the specific written consent of the other General Partner Partners, of the Original Limited Partner, and of the Investor Limited Partners with respect to holding not less than a majority than, two-thirds of the Limited Partner InterestsUnits, become a Substitute General Partner upon his or its execution of this Agreement.

Continuation of Partnership Business. (a) PROCEDURE IF THERE IS A REMAINING GENERAL PARTNER. Upon the Withdrawal of a General Partner, the remaining General Partner or Partners, if any, shall promptly notify the Limited Partners and Unitholders of such Withdrawal. The remaining General A-28 Partner or Partners may elect to continue the Partnership business. If at any time The Krupp Insured Plus Corp. Company Limited Partnership-IV or a successor General Partner with substantial xxx xxxxtantial net worth shall Withdraw as a General Partner, the remaining General Partners or Partner, if any, Partner may (but shall not be obligated to) propose for admission a Substitute General Partner or General Partners, unless a Substitute General Partner shall have already been proposed by the Limited Partners pursuant to Section 13 hereof. Any such proposed Substitute General Partner shall, with the specific written consent of the other General Partner Partners and of the Limited Partners with respect to not less than a majority of the Limited Partner Interests, become a Substitute General Partner upon his or its execution of this Agreement.

Continuation of Partnership Business. (a) PROCEDURE IF THERE IS A REMAINING GENERAL PARTNER. Upon the Withdrawal of a General Partner, the remaining General Partner or Partners, if any, shall promptly notify the Limited Partners and Unitholders of such Withdrawal. The remaining General A-28 Partner or Partners may elect to continue the Partnership business. If at any time Krupp Xxxxx Insured Plus Corp. or a successor General Partner with substantial xxx net worth shall Withdraw as a General Partner, the remaining General Partners or Partner, if any, may (but shall not be obligated to) propose for admission a Substitute General Partner or General Partners, unless a Substitute General Partner shall have already been proposed by the Limited Partners pursuant to Section 13 hereof. Any such proposed Substitute General Partner shall, with the specific written consent of the other General Partner and of the Limited Partners with respect to not less than a majority of the Limited Partner Interests, become a Substitute General Partner upon his or its execution of this Agreement.