Common use of Continuation of the Partnership Clause in Contracts

Continuation of the Partnership. Notwithstanding the provisions of Section 14(c) hereof, the occurrence of an Event of Withdrawal of a General Partner shall not dissolve the Partnership if at such time there are one or more remaining General Partners and any one or more of such remaining General Partners continue the business of the Partnership (any and all such remaining General Partners being hereby authorized to continue the business of the Partnership without dissolution). If upon the occurrence of an Event of Withdrawal of a General Partner there shall be no remaining General Partner (or if no remaining General Partner elects to continue the business of the Partnership as provided in the preceding sentence), the Partnership nonetheless shall not be dissolved and shall not be required to be wound up if, within ninety (90) days after the occurrence of such event of withdrawal, all remaining Partners agree in writing to continue the business of the Partnership and, if necessary or desired, to the appointment, effective as of the date of withdrawal, of one or more additional General Partners.

Appears in 2 contracts

Samples: Castle Creek Partners L P, Castle Creek Partners L P

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Continuation of the Partnership. Notwithstanding the provisions of Section 14(c14(b) hereof, the occurrence of an Event of Withdrawal of a General Partner shall not dissolve the Partnership if at such time there are one or more remaining General Partners and any one or more of such remaining General Partners continue the business of the Partnership (any and all such remaining General Partners being hereby authorized to continue the business of the Partnership without dissolution). If upon the occurrence of an Event of Withdrawal of a General Partner there shall be no remaining General Partner (or if no remaining General Partner elects to continue the business of the Partnership as provided in the preceding sentence), the Partnership nonetheless shall not be dissolved and shall not be required to be wound up if, within ninety (90) days after the occurrence of such event Event of withdrawalWithdrawal, all remaining Partners agree in writing writing, to continue the business of the Partnership and, if necessary or desired, to the appointment, effective as of the date of withdrawal, of one or more additional General Partners.. 6 6

Appears in 1 contract

Samples: Chevron Phillips Chemical Co LLC

Continuation of the Partnership. Notwithstanding the provisions of Section 14(c) hereof, the occurrence of an Event event of Withdrawal withdrawal of a the General Partner shall not dissolve the Partnership if at such time there are one or more remaining General Partners and any one or more of such remaining General Partners continue the business of the Partnership (any and all such remaining General Partners being hereby authorized to continue the business of the Partnership without dissolution). If upon the occurrence of an Event event of Withdrawal withdrawal of a General Partner there shall be no remaining General Partner (or if no remaining General Partner elects to continue the business of the Partnership as provided in the preceding sentence)Partner, the Partnership nonetheless shall not be dissolved and shall not be required to be wound up if, within ninety (90) days after the occurrence of such event of withdrawal, all remaining Partners agree in writing to continue [ILLEGIBLE] the business of the Partnership and, if necessary or desired, and to the appointment, effective as of the date of withdrawal, of one or more additional General Partners.

Appears in 1 contract

Samples: Servico Market Center Inc

Continuation of the Partnership. Notwithstanding the provisions of Section 14(c) hereof, the occurrence of an Event event of Withdrawal withdrawal of a General Partner shall not dissolve the Partnership if at such time there are one or more remaining General Partners and any one or more of such remaining General Partners continue the business of the Partnership (any and all such remaining General Partners being hereby authorized to continue the business of the Partnership without dissolution). If upon the occurrence of an Event event of Withdrawal withdrawal of a General Partner general partner there shall be no remaining General Partner (or if no remaining General Partner elects to continue the business of the Partnership as provided in the preceding sentence)Partner, the Partnership nonetheless shall not be dissolved and shall not be required to be wound up if, within ninety (90) days after the occurrence of such event of withdrawal, all remaining Partners agree in writing to continue the business of the Partnership and, if necessary or desired, and to the appointment, effective as of the date of withdrawal, of one or more additional General Partners.

Appears in 1 contract

Samples: Certificate and Agreement (Covanta Energy Corp)

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Continuation of the Partnership. Notwithstanding the provisions of Section 14(c) hereof, the occurrence of an Event event of Withdrawal withdrawal of a General Partner shall not dissolve the Partnership if at such time there are one or more remaining General Partners and any one or more of such remaining General Partners continue the business of the Partnership (any and all such remaining General Partners being hereby authorized to continue the business of the Partnership without dissolution). If upon the occurrence of an Event event of Withdrawal withdrawal of a General Partner there shall be no remaining General Partner (or if no remaining General Partner elects to continue the business of the Partnership as provided in the preceding sentence), the Partnership nonetheless shall not be dissolved and shall not be required to be toe wound up if, within ninety (90) days after the occurrence of such event of withdrawal, all remaining Partners agree in writing to continue the business of the Partnership and, if necessary or desired, and to the appointment, effective as of the date of withdrawal, of one or more additional or successor General Partners.

Appears in 1 contract

Samples: Environtech Inc.

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