Common use of Deemed Withdrawal Clause in Contracts

Deemed Withdrawal. A Limited Partner shall be deemed to have withdrawn from the Partnership with the consent of the General Partner upon such Limited Partner’s death or Permanent Incapacity. Except as otherwise determined by the General Partner in its sole discretion, a Limited Partner shall be deemed to have withdrawn without the consent of the General Partner upon such Limited Partner’s Bankruptcy, Dissolution or Termination.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Blockstack Inc.), Limited Partnership Agreement (Blockstack Inc.), Simple Agreement for Future Tokens (Saft) (Blockstack Token LLC)

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