Death, Disability, etc. of Limited Partners. The death, disability, incapacity, adjudication of incompetency, termination, bankruptcy, insolvency or dissolution of a Limited Partner shall not dissolve the Partnership. The legal representatives of a Limited Partner shall succeed as assignee to the Limited Partner’s interest in the Partnership upon the death, disability, incapacity, adjudication of incompetency, termination, bankruptcy, insolvency or dissolution of such Limited Partner, but shall not be admitted as a substituted Partner without the consent of the Managing General Partner, in its sole discretion.
Death, Disability, etc. of Limited Partners. The withdrawal, death, disability, incapacity, incompetency, termination, Bankruptcy, insolvency, or dissolution of a Limited Partner shall not in and of itself dissolve the Partnership.
Death, Disability, etc. of Limited Partners. The death, disability, incapacity, adjudication of incompetency, termination, bankruptcy, insolvency or dissolution of a Limited Partner shall not liquidate the Onshore Partnership. The legal representatives of a Limited Partner shall, subject to the completion of any formalities required by Applicable Law, succeed as assignee to the Limited Partner’s Interest in the Onshore Partnership upon the death, disability, incapacity, adjudication of incompetency, termination, bankruptcy, insolvency or dissolution of such Limited Partner until the end of the Fiscal year. At the end of that Fiscal year, such assignee shall, in the sole discretion of the General Partner, either be admitted as a substituted Limited Partner or be required to withdraw from the Onshore Partnership.
Death, Disability, etc. of Limited Partners. (a) In the event of the death, disability, incapacity, adjudication of incompetency, termination, bankruptcy, insolvency or dissolution of a Limited Partner, the legal representative of such Limited Partner shall notify the General Partner of such event within 30 days after such event occurs, or as soon as reasonably practicable thereafter.
Death, Disability, etc. of Limited Partners. The death, disability, incapacity, adjudication of incompetency, termination, Bankruptcy, insolvency or dissolution of a Limited Partner shall not dissolve the Partnership. The legal representatives of a Limited Partner shall succeed as assignee to the Limited Partner’s Units upon the death, disability, incapacity, adjudication of incompetency, termination, Bankruptcy, insolvency or dissolution of a Limited Partner, but shall not be admitted as a substitute Partner without the consent of the General Partner, which consent may be given or withheld in its discretion. In the event of death, disability, incapacity, adjudication of incompetency, termination, Bankruptcy, insolvency or dissolution of a Limited Partner, the Units held by such Limited Partner shall continue at the risk of the Partnership’s business until the effective date of the redemption of such Limited Partner’s Units or the earlier termination of the Partnership.
