Common use of Dissolution Upon Withdrawal of General Partner Clause in Contracts

Dissolution Upon Withdrawal of General Partner. (a) The Partnership shall be dissolved if there shall occur with respect to the General Partner any of the events of withdrawal described in Sections 17-402(a)(2) through 17-402(a)(11) of the Delaware Act.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Plymouth Opportunity REIT Inc.), Limited Partnership Agreement (Plymouth Opportunity REIT Inc.)

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Dissolution Upon Withdrawal of General Partner. (a) The Partnership shall be dissolved if there shall occur with respect to upon the General Partner any occurrence of the events an event of withdrawal described (as defined in Sections 17-402(a)(2) through 17-402(a)(11the Delaware Act) of the Delaware ActGeneral Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Dissolution Upon Withdrawal of General Partner. (a) The Partnership shall be dissolved if there shall occur occur, with respect to the last remaining General Partner Partner, any of the events of withdrawal described in Sections Section 17-402(a)(2) through 17-402(a)(11) 402 of the Delaware Act. The Partnership shall not be dissolved in the event of the dissolution, death, bankruptcy, insolvency, incompetence, disability, substitution, or admission of any Limited Partner, or any other similar event involving the existence, status, or organization of a Limited Partner.

Appears in 1 contract

Samples: Limited Partnership

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