Common use of Death or Incapacity of a Partner Clause in Contracts

Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the grantor and sole trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) receipt of notice of such a event shall be treated as notice of full withdrawal, according to Section 20.

Appears in 3 contracts

Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement

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Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the grantor and sole trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) Paragraph 16A hereof), receipt of notice of such a event shall be treated as a notice of full withdrawal, according to Section 20.

Appears in 3 contracts

Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the grantor and sole trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) Paragraph 16A hereof), receipt of notice of such a event shall be treated as a notice of full withdrawal, according to Section 20. Liquidation and payment of the partner's account shall proceed in accordance with paragraphs 19 and 24.

Appears in 2 contracts

Samples: Partnership Agreement, Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the grantor and sole trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) partner), receipt of notice of such a event shall be treated as a notice of full withdrawal, according to Section 20.

Appears in 2 contracts

Samples: Partnership Agreement, Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the grantor and sole trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) Paragraph 16a hereof), receipt of notice of such a event shall be treated as a notice of full withdrawal, according to Section 20.

Appears in 1 contract

Samples: Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the grantor and sole trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) Paragraph 16A hereof), receipt of notice of such a event shall be treated as notice of full withdrawal, according to Section 20.

Appears in 1 contract

Samples: Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the grantor and sole authorized trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) Paragraph 15A hereof), receipt of notice of such a an event shall be treated as notice of full withdrawal, according to Section 20.

Appears in 1 contract

Samples: Partnership Agreement

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Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the a grantor and sole trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) Paragraph 5), receipt of notice of such a an event shall be treated as notice of full withdrawal, according to Section 20.

Appears in 1 contract

Samples: Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the grantor and sole trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) Paragraph 16A hereof), receipt of notice of such a an event shall be treated as notice of full withdrawal, according to Section 20.

Appears in 1 contract

Samples: Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the grantor and sole trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) receipt of notice of such a an event shall be treated as notice of full withdrawal, according to Section 20.

Appears in 1 contract

Samples: Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a partner (or the death or incapacity of the grantor and sole trustee of a revocable living trust, if such trust is a partner pursuant to Section 16) 18 hereof), receipt of notice of such a an event shall be treated as notice of full withdrawal, according to Section 20.

Appears in 1 contract

Samples: Partnership Agreement

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