Deemed Withdrawal. A Partner is deemed to have Withdrawn from the Partnership upon the occurrence of any of the following events: (a) there occurs an event that makes it unlawful for the Partner to continue to be a Partner; (b) the Partner becomes Bankrupt; (c) the Partner commences liquidation or winding up; (d) notice from the Management Committee if the Partner commits a Default and the Default has not been cured; or (e) as otherwise provided in Sections 15-601(1) or (5) of DRUPA.
Appears in 3 contracts
Samples: General Partnership Agreement (El Paso Pipeline Partners, L.P.), General Partnership Agreement (Southern Natural Gas Co), General Partnership Agreement (El Paso Pipeline Partners, L.P.)
Deemed Withdrawal. A Partner is deemed to have Withdrawn from the Partnership upon the occurrence of any of the following events:
(a) there occurs an event that makes it unlawful for the Partner to continue to be a Partner;
(b) the Partner becomes Bankrupt;
(c) the Partner commences liquidation or winding up;
(d) notice from the Management Committee if the Partner commits a Default and the Default has not been cured; or
(e) as otherwise provided in Sections Section 15-601(1) or (5) of DRUPA.
Appears in 3 contracts
Samples: General Partnership Agreement (Colorado Interstate Gas Co), General Partnership Agreement (El Paso Pipeline Partners, L.P.), General Partnership Agreement (El Paso Pipeline Partners, L.P.)
Deemed Withdrawal. A Partner is deemed to have Withdrawn from the Partnership upon the occurrence of any of the following events:
(a) there occurs an event that makes it unlawful for the Partner to continue to be a Partner;
(b) the Partner becomes Bankrupt;
(c) the Partner commences liquidation or winding up;; or
(d) notice from the Management Committee if the Partner commits a Default and the Default has not been cured; or
(e) as otherwise provided in Sections 15-601(1) or (5) of DRUPA.
Appears in 2 contracts
Samples: General Partnership Agreement (Spectra Energy Partners, LP), General Partnership Agreement (Spectra Energy Partners, LP)
