Common use of Death, Dissolution or Bankruptcy Clause in Contracts

Death, Dissolution or Bankruptcy. The death, incompetence, bankruptcy, liquidation or dissolution of a Limited Partner shall not result in the termination of the Partnership, but, subject to the provisions of Section 12 of this Agreement, the rights and obligations of such Limited Partner under this Agreement shall accrue to such Limited Partner’s successor, estate or legal representative. Except as expressly provided in this Agreement, no other event affecting a Limited Partner (including but not limited to insolvency) shall affect this Agreement.

Death, Dissolution or Bankruptcy. The death, incompetence, bankruptcy, liquidation or dissolution of a Limited Partner shall not result in the termination of the Partnership, but, subject to the provisions of Section 12 of this Agreement, but the rights and obligations of such Limited Partner under this Agreement shall accrue to such Limited Partner’s 's successor, estate or legal representative. Except as expressly provided in this Agreement, no other event affecting a Limited Partner (including but not limited to insolvency) shall affect this Agreement.