Common use of DUTIES AFTER EXPULSION Clause in Contracts

DUTIES AFTER EXPULSION. Upon receipt of the notice of expulsion, the General Partner shall cease to act as general partner of the Partnership unless it is the sole general partner of the Partnership; in which event the General Partner shall continue in the management of the Partnership's business until a successor general partner is elected, but the General Partner shall enter into no contract except in the ordinary course of the Partnership's business.

DUTIES AFTER EXPULSION. Upon receipt of the notice of expulsion, the General Partner shall cease to act as general partner of the Partnership unless it the General Partner is the sole general partner of the Partnership; in which event the General Partner shall continue in the management of the Partnership's business until a successor general partner is elected, but the General Partner shall enter into no contract except in the ordinary course of the Partnership's business.

DUTIES AFTER EXPULSION. Upon receipt of the notice of expulsionnotice, the General Partner shall cease to act as general partner of the Partnership unless it is the sole general partner of the Partnership; in which event the General Partner it shall continue in the management of the Partnership's business until a successor general partner is elected, but the General Partner it shall enter into no contract except in the ordinary course of the Partnership's business.

DUTIES AFTER EXPULSION. Upon receipt of the notice of expulsion, the General Partner shall cease to act as general partner General Partner of the Partnership unless it is the sole general partner General Partner of the Partnership; in which event the General Partner shall continue in the management of the Partnership's business until a successor general partner General Partner is elected, but the General Partner shall enter into no contract except in the ordinary course of the Partnership's business.