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, receipt of notice shall be treated as a notice of full withdrawal.

Appears in 2 contracts

Samples: Partnership Agreement, Partnership Agreement

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Death or Incapacity of a Partner. In the event of the death or incapacity of a Partnerpartner, receipt of notice shall be treated as a notice of full withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a PartnerPartner (or the death or incapacity of the grantor and sole trustee of a revocable living trust), receipt of notice shall be treated as a notice of full withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a Partnerpartner, receipt of such notice of such an event shall be treated as a notice of full withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a Partnerpartner, receipt of notice shall be treated as a notice of full withdrawal. Payment shall be in accordance with the terms for payment of a full withdrawal. Payment shall only be made to the estate of the partner and delivered to the partners last known address.

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 Partnerpartner, receipt of notice shall be treated as a notice of request for a full withdrawal. Payment shall be in accordance with the terms for payment of a full withdrawal (Paragraph 27). It shall be made to the estate of the partner and delivered to the partner’s last known address.

Appears in 1 contract

Samples: Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a Partnerpartner, receipt of notice shall be treated as a notice receipt of request for full withdrawalwithdrawal of all accounts associated with the partner. The partnership shall pay the estate of the partner, or designated beneficiary, in accordance with section 201 of this agreement.

Appears in 1 contract

Samples: Partnership Agreement

Death or Incapacity of a Partner. In the event of the death or incapacity of a Partner, general Partner receipt of notice of such an event shall be treated as a notice of full withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

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