Common use of Dissolution of Partnership and Continuance of Partnership Business Clause in Contracts

Dissolution of Partnership and Continuance of Partnership Business. After the occurrence of a terminating event with respect to the last remaining General Partner, as described in Section 8.01, the Limited Partners shall meet within ninety (90) days of the terminating event and either: (a) Elect one or more new General Partners to continue the Partnership business, in which event, upon the filing of a new Certificate of Limited Partnership to reflect the new General Partner, this Partnership shall continue in business; or (b) Elect to terminate and liquidate the Partnership under the provisions of Article IX hereof.

Dissolution of Partnership and Continuance of Partnership Business. After the occurrence of a terminating event with respect to the last remaining General Partner, as described in Section 8.01, the Limited Partners shall meet within ninety sixty (9060) days of the terminating event and either: (a) Elect one or more new General Partners to continue the Partnership business, in which event, upon the filing of a new Certificate of Limited Partnership to reflect the new General Partner, this Partnership shall continue in business; or (b) Elect to terminate and liquidate the Partnership under the provisions of Article IX hereof.

Dissolution of Partnership and Continuance of Partnership Business. After the occurrence of a terminating event with respect to the last remaining General Partnerevent, as described in Section 8.01, the Limited Partners shall meet within ninety sixty (9060) days of the terminating event and either: (a) Elect one or more new General Partners to continue the Partnership business, as provided in Section 8.01, in which event, upon the filing recording of a new Certificate of Limited Partnership to reflect the new General Partner, this Partnership shall continue in business; , or (b) Elect to terminate and liquidate the Partnership under the provisions of Article IX hereof.

Dissolution of Partnership and Continuance of Partnership Business. After the occurrence of a terminating event with respect to the last remaining General Partnerevent, as described in Section 8.01, the Limited Partners shall meet within ninety sixty (9060) days of the terminating event and either: (a) Elect one or more new General Partners to continue the Partnership business, as provided in Section 8.01, in which event, upon the filing recording of a new Certificate of Limited Partnership to reflect the new General Partner, this Partnership shall continue in business; or (b) Elect to terminate and liquidate the Partnership under the provisions of Article IX hereof.