Common use of Continuation of Partnership Clause in Contracts

Continuation of Partnership. Notwithstanding Section 8.1, the business of the Partnership shall be continued after the adjudication of bankruptcy, insolvency or dissolution, or the resignation or removal of the General Partner if, within ninety (90) days of such adjudication of bankruptcy, insolvency or dissolution, or such resignation or removal, one or more additional general partners shall have been appointed by unanimous consent of all the Limited Partners and such additional appointed general partner or general partners shall have agreed in writing to be bound by all relevant terms of this Agreement.

Continuation of Partnership. Notwithstanding Section 8.1, the business of the Partnership shall be continued after the adjudication of bankruptcy, insolvency or dissolution, or the resignation or removal of the General Partner if, within ninety (90) days of such adjudication of bankruptcy, insolvency or dissolution, or such resignation or removal, one or more additional general partners shall have been appointed by unanimous consent of all the that Limited Partners and such additional appointed general partner or general partners shall have agreed agree in writing to be bound by all relevant terms of this Agreement.