Common use of Covenant Not to Withdraw, Transfer, or Dissolve Clause in Contracts

Covenant Not to Withdraw, Transfer, or Dissolve. Except as otherwise permitted by this Agreement, the General Partners hereby covenant and agree not to (a) withdraw or attempt to withdraw from the Partnership, (b) exercise any power under the Act to dissolve the Partnership, or (c) Transfer all or any portion of their interests in the Partnership as a General Partner. Further, the General Partners hereby covenant and agree to continue to carry out the duties of a General Partner hereunder until the Partnership is dissolved and liquidated pursuant to Section 11 hereof.

Appears in 2 contracts

Samples: OHI Asset (CT) Lender, LLC, OHI Asset (CT) Lender, LLC

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Covenant Not to Withdraw, Transfer, or Dissolve. Except as otherwise permitted by this Agreement, the General Partners Partner hereby covenant covenants and agree agrees not to (a) withdraw or attempt to withdraw from the Partnership, (b) exercise any power under the this Act to dissolve the Partnership, or (c) Transfer transfer all or any portion of their interests his interest in the Partnership as a General PartnerPartner except as provided in Section 9.5 hereof. Further, the General Partners Partner hereby covenant covenants and agree agrees to continue to carry out the duties of a General Partner hereunder until the Partnership is dissolved wound up and liquidated pursuant to Section 11 Article XI hereof.

Appears in 1 contract

Samples: Agreement (Fleetwood Homes of Florida, Inc.)

Covenant Not to Withdraw, Transfer, or Dissolve. Except as otherwise permitted by this Agreement, the General Partners Partner hereby covenant covenants and agree agrees not to (a) withdraw or attempt to withdraw from the Partnership, (b) exercise any power under the this Act to dissolve the Partnership, or (c) Transfer transfer all or any portion of their interests his interest in the Partnership as a General Partner. Further, the General Partners Partner hereby covenant covenants and agree agrees to continue to carry out the duties of a General Partner hereunder until the Partnership is dissolved wound up and liquidated pursuant to Section 11 Article XI hereof.

Appears in 1 contract

Samples: Hadco Corp

Covenant Not to Withdraw, Transfer, or Dissolve. Except as otherwise ---------------------------------------------- permitted by this Agreement, the General Partners Partner hereby covenant and agree not to (a) withdraw or attempt to withdraw from the Partnership, (b) exercise any power under the this Act to dissolve the Partnership, or (c) Transfer transfer all or any portion of their interests its Interest in the Partnership as a General Partner. Further, the General Partners hereby covenant and agree to continue to carry out the duties of a General Partner hereunder until the Partnership is dissolved and liquidated pursuant to Section 11 hereof.General

Appears in 1 contract

Samples: Agreement (Kansas City Southern Industries Inc)

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Covenant Not to Withdraw, Transfer, or Dissolve. Except as otherwise permitted by this Agreement, the Managing General Partners Partner hereby covenant covenants and agree agrees not to (a) withdraw or attempt to withdraw from the Partnership, (b) exercise any power under the Act TBOC to dissolve the Partnership, or (c) voluntarily Transfer all or any portion of their interests its interest in the Partnership as a Managing General Partner. Further, the Managing General Partners Partner hereby covenant covenants and agree agrees to continue to carry out the duties of a the Managing General Partner hereunder until the Partnership is dissolved and liquidated pursuant to Section 11 hereof11.

Appears in 1 contract

Samples: Agreement (Universe Energy Partners, LP)

Covenant Not to Withdraw, Transfer, or Dissolve. Except as otherwise permitted by this Agreement, the General Partners hereby covenant and agree not to (a) take any action to file a certificate of dissolution or its equivalent with respect to itself, (b) withdraw or attempt to withdraw from the Partnership, (bc) exercise any power under the Act to dissolve the Partnership, or (cd) Transfer all or any portion of their interests in the Partnership its Interest as a General Partner, or (e) petition for judicial dissolution of the Partnership. Further, the General Partners hereby covenant covenants and agree agrees to continue to carry out the duties of a General Partner hereunder until the Partnership is dissolved and liquidated pursuant to Section 11 hereofArticle XI.

Appears in 1 contract

Samples: Marietta Surgical Center, Inc.

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