Common use of Death of a Limited Partner Clause in Contracts

Death of a Limited Partner. The death of a Limited Partner shall not dissolve the Partnership. If a Limited Partner dies, the personal representative or other successor in interest of the deceased Limited Partner shall have all the rights and privileges of a Limited Partner.

Death of a Limited Partner. The death of a Limited Partner shall not dissolve or terminate the Partnership. If Upon the death of a Limited Partner dies, the personal representative or other successor in interest of the such deceased Limited Partner shall have all the rights and privileges of a Limited Partner, to the extent of the deceased's interest in the Fund, for the sole purpose of settling his estate, including the right to assign his Shares and to designate his assignee a substituted Limited Partner, upon compliance with the provisions of Section 4.2 above. The estate of a deceased Limited Partner shall be liable for all such deceased Limited Partner's liabilities as a Limited Partner.

Death of a Limited Partner. The death of a Limited Partner shall not dissolve or terminate the Partnership. If a Limited Partner diesIn the event of such death, the personal representative or other successor in interest of the deceased Limited Partner shall have all the rights of the Limited Partner in the Partnership to the extent of the deceased's interest therein for the purpose of settling his estate, including the right to assign his Shares and privileges to designate his assignee as a Substituted Limited Partner, subject to the terms and conditions of this Certificate and Agreement; and his estate shall be liable for all his liabilities as a Limited Partner.

Death of a Limited Partner. The death of a Limited Partner shall not dissolve or terminate the Partnership. If a Limited Partner diesIn the event of such death, the personal representative or other successor in interest of the deceased Limited Partner shall have all the economic rights of a Limited Partner in the Partnership to the extent of the deceased Partner's interest therein, subject to the terms and privileges conditions of this Agreement, and the estate shall be liable for all of his or her liabilities as a Limited Partner.