Common use of Continuation of the Partnership Clause in Contracts

Continuation of the Partnership. Except as otherwise provided in this Agreement, upon the occurrence of an event described in Section 13.1(b)(ii) or Section 13.1(b)(iv), if there remains at least one General Partner, the business of the Partnership shall be carried on if the remaining General Partner(s) agree to carry on such business. In all other cases, upon the occurrence of an event described in Section 13.1(b), the Partnership shall be deemed to be dissolved and reconstituted only if 100% of the Percentage Interests of the remaining Partners elect to continue the Partnership within 90 days of such event. If no election to continue the Partnership is made within 90 days of such event, the Partnership shall conduct only those activities necessary to wind up its affairs. If an election to continue the Partnership is made upon the occurrence of an event described in Section 13.1(b), then:

Continuation of the Partnership. Except as otherwise provided in this Agreement, upon the occurrence of an event described in Section 13.1(b)(ii) or Section 13.1(b)(iv13.1(b)(iii), if there remains at least one General Partner, the business of the Partnership shall be carried on by such General Partner without dissolution if the remaining General Partner(s) agree to carry on such businessapproved by LDE. In all other cases, upon the occurrence of an event described in Section 13.1(b), the Partnership shall be deemed to be dissolved and reconstituted only if 100% of the Percentage Interests of the remaining Partners unanimously elect to continue the Partnership within 90 days of such event. If no election to continue the Partnership is made within 90 days of such event, the Partnership shall conduct only those activities necessary to wind up its affairs. If an election to continue the Partnership is made upon the occurrence of an event described in Section 13.1(b), then:

Continuation of the Partnership. (a) Except as otherwise provided in this Agreement, upon the occurrence of an event described in Section 13.1(b)(ii13.1(b)(i), (b)(ii) or Section 13.1(b)(iv), if there remains at least one General Partner, the business of the Partnership shall be carried on if the remaining General Partner(s) agree to carry on such business. In all other cases, upon the occurrence of an event described in Section 13.1(b(b)(v), the Partnership shall be deemed to be dissolved and reconstituted only if 10050.1% of the Percentage Interests of the remaining Partners elect to continue the Partnership within 90 days of such event. If no election to continue the Partnership is made within 90 days of such event, the Partnership shall conduct only those activities necessary to wind up its affairs. If an election to continue the Partnership is made upon the occurrence of an event described in Section 13.1(b13.1(b)(i), (b)(ii) or (b)(v), then:

Continuation of the Partnership. Except as otherwise provided in this Agreement, upon Upon the occurrence of an event described in Section 13.1(b)(ii12.1(b)(ii) or Section 13.1(b)(iv12.1(b)(iv), if there remains at least one General Partner, the business of the Partnership shall be carried on without dissolution if approved by Partners holding 50% or more of the remaining General Partner(s) agree to carry on such businessPercentage Interests. In all other cases, upon the occurrence of an event described in Section 13.1(b12.1(b), the Partnership shall be deemed to be dissolved and reconstituted only if Partners holding 100% of the Percentage Interests of (excluding for these purposes any Percentage Interests held by the remaining Partners Partner with respect to which such Dissolution Event occurred) elect to continue the Partnership within 90 days of such event. If no election to continue the Partnership is made within 90 days of such event, the Partnership shall conduct only those activities necessary to wind up its affairs. If an election to continue the Partnership is made upon the occurrence of an event described in Section 13.1(b12.1(b), then: