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 Northwest Ohio Model Investment, www.betterinvesting.org

AutoNDA by SimpleDocs

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 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

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 (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: Multipurpose Business

AutoNDA by SimpleDocs

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, 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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!