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, each of the General Partners hereby covenants and agrees not to (a) take any action to file a certificate of dissolution or its equivalent with respect to itself, (b) take any action that would cause a Voluntary Bankruptcy of the General Partner, (c) withdraw or attempt to withdraw from the Partnership, (d) exercise any power under the Act to dissolve the Partnership, (e) transfer all or any portion of its Interest in the Partnership as a General Partner, or (f) petition for judicial dissolution of the Partnership. Further, each of the General Partners hereby covenants and agrees to continue to carry out the duties of a General Partner hereunder until the Partnership is dissolved and liquidated pursuant to Section 12 hereof.

Appears in 2 contracts

Samples: OCI Resources LP, OCI Resources LP

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Covenant Not to Withdraw, Transfer, or Dissolve. Except as otherwise permitted by this Agreement, each of the General Partners Partner hereby covenants and agrees not to (a) take any action to .to file a certificate of dissolution or its equivalent with respect to itself, (b) take any action that would cause a Voluntary Bankruptcy of the such General Partner, (c) withdraw or attempt to withdraw from the Partnership, (d) exercise any power under the Act to dissolve the Partnership, (e) transfer Transfer all or any portion of its Interest in the Partnership as a General Partner, or (f) petition for judicial dissolution of the Partnership. Further, each of the General Partners Partner hereby covenants and agrees to continue to carry out the duties of a General Partner hereunder until the Partnership is dissolved and liquidated pursuant to Section 12 Article XII hereof.

Appears in 1 contract

Samples: Pepco Holdings Inc

Covenant Not to Withdraw, Transfer, or Dissolve. Except as otherwise permitted by this Agreement, each of the General Partners Partner hereby covenants and agrees not to (a) take any action to file a certificate of dissolution or its equivalent with respect to itself, ; (b) take any action that would cause a Voluntary Bankruptcy of the General Partner, ; (c) withdraw or attempt to withdraw from the Partnership, ; (d) exercise any power under the Delaware Act to dissolve the Partnership, ; (e) transfer Transfer all or any portion of its General Partner Interest in (other than to any Affiliate of the Partnership as a General Partner, ); or (f) petition for judicial dissolution of the Partnership. Further, each of the General Partners Partner hereby covenants and agrees to continue to carry out the duties of a General Partner hereunder until the Partnership is dissolved and liquidated pursuant to Section 12 Article XII hereof.

Appears in 1 contract

Samples: Molson Coors Capital Finance ULC

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Covenant Not to Withdraw, Transfer, or Dissolve. Except as otherwise permitted by this Agreement, each of the General Partners Partner hereby covenants and agrees not to (a) take any action to file a certificate of dissolution or its equivalent with respect to itself, ; (b1)) take any action that would cause a Voluntary Bankruptcy of the General Partner, ; (c) withdraw or attempt to withdraw from the Partnership, ; (d) exercise any power under the Delaware Act to dissolve the Partnership, ; (e) transfer Transfer all or any portion of its General Partner Interest in (other than to any Affiliate of the Partnership as a General Partner, ); or (f) petition for judicial dissolution of the Partnership. Further, each of the General Partners Partner hereby covenants and agrees to continue to carry out the duties of a General Partner hereunder until the Partnership is dissolved and liquidated pursuant to Section 12 Article XII hereof.

Appears in 1 contract

Samples: Jacob Leinenkugel Brewing Co., LLC

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