Common use of Continuation of Partnership Clause in Contracts

Continuation of Partnership. In the event of the timely appointment of a replacement or new General Partner(s) pursuant to this Article 12, the relationship of the Partners shall be governed by the provisions of this Agreement, the Partnership shall be continued, and the replacement or new General Partner(s) shall have all of the management rights, duties, responsibilities, authority and powers provided the General Partner in this Agreement. If the Limited Partners fail to select a replacement or new General Partner(s), whichever the case may be, within ninety (90) days following retirement of the last remaining General Partner, the Partnership shall dissolve and terminate.

Continuation of Partnership. In the event of the timely --------------------------- appointment of a replacement or new General Partner(s) pursuant to this Article 12, the relationship of the Partners shall be governed by the provisions of this Agreement, the Partnership shall be continued, and the replacement or new General Partner(s) shall have all of the management rights, duties, responsibilities, authority and powers provided the General Partner in this Agreement. If the Limited Partners fail to select a replacement or new General Partner(s), whichever the case may be, within ninety (90) days following retirement of the last Last remaining General Partner, the Partnership shall dissolve and terminate.

Continuation of Partnership. In the event of the timely appointment of a replacement or new General Partner(s) pursuant to this Article 1213, the relationship of the Partners shall be governed by the provisions of this Agreement, the Partnership shall be continued, and the replacement or new General Partner(s) shall have all of the management rights, duties, responsibilities, authority and powers provided the General Partner in this Agreement. If a Super Majority of the Limited Partners fail fails to select a replacement or new General Partner(s), whichever as the case may be, within ninety (90) days following retirement of the last remaining General Partner, the Partnership shall dissolve and terminate.