Common use of Continuation of the Partnership Clause in Contracts

Continuation of the Partnership. Notwithstanding anything to the contrary contained herein, the death, retirement, resignation, expulsion, bankruptcy, dissolution or removal of a Partner shall not in and of itself cause the dissolution of the Partnership, and the Partners are expressly authorized to continue the business of the Partnership in such event, without any further action on the part of the Partners.

Appears in 5 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Starwood Waypoint Residential Trust), Limited Partnership Agreement (Starwood Waypoint Residential Trust)

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Continuation of the Partnership. Notwithstanding anything to the contrary contained hereincontrary, the death, retirement, resignation, expulsion, bankruptcy, dissolution or removal of a Partner shall not in and of itself cause the dissolution of the Partnership, and the Partners are expressly authorized to continue the business of the Partnership in such event, without any further action on the part of the Partners.

Appears in 2 contracts

Samples: Limited Partnership Agreement (LXP Industrial Trust), Limited Partnership Agreement (Lepercq Corporate Income Fund L P)

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