Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a) hereof) or the withdrawal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to or removal of a partner in such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners or all remaining members of such partnership), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 9.3(b).
Appears in 15 contracts
Samples: Ashford Hospitality Prime, Inc., Ashford Hospitality Prime, Inc., Ashford Hospitality Trust Inc
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a) hereof) or the withdrawal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to or removal of a general partner or the last remaining partner in such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners or all remaining members partners of such partnership), the Partnership shall be dissolved and terminated wound up unless the Partnership is continued pursuant to Section 9.3(b).
Appears in 5 contracts
Samples: Notice and Agreement (Stirling Hotels & Resorts, Inc.), Contribution Agreement (Ashford Hospitality Trust Inc), Notice and Agreement (Ashford Hospitality Trust Inc)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a7.04(a) hereof) hereof or the withdrawal death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to to, or removal of a partner in in, such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners partner or all remaining members of such partnershippartners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 9.3(b)7.03(b) hereof.
Appears in 5 contracts
Samples: INREIT Real Estate Investment Trust, INREIT Real Estate Investment Trust, INREIT Real Estate Investment Trust
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a7.04(a) hereof) or the withdrawal withdrawal, death or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to to, or removal of a partner in in, such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners partner or all remaining members of such partnershippartners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 9.3(b)7.03(b) hereof.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Presidential Realty Corp/De/), Western Investment Real Estate Trust, Capital Automotive Reit
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a) hereof) or the withdrawal withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to or removal of a partner in such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners or all remaining members of such partnership), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 9.3(b).
Appears in 5 contracts
Samples: Initial and Corporate (Innsuites Hospitality Trust), Boykin Lodging Co, Liberty Self Stor Inc
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a7.04(a) hereof) or the withdrawal withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to to, or removal of a partner in in, such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners partner or all remaining members of such partnershippartners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 9.3(b)7.03(b) hereof.
Appears in 3 contracts
Samples: Condor Hospitality Trust, Inc., Agreement (Supertel Hospitality Inc), RFS Hotel Investors Inc
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a7.04(a) hereof) or the withdrawal death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, dissolution or Event of Bankruptcy as to to, or removal of a partner in in, such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners partner or all remaining members of such partnershippartners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 9.3(b)7.03(b) hereof.
Appears in 3 contracts
Samples: NNN Apartment REIT, Inc., NNN Apartment REIT, Inc., NNN Apartment REIT, Inc.
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a) hereof) or the withdrawal withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to to, or removal of a partner in in, such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners partner or all remaining members of such partnershippartners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 9.3(b)7.3(b) hereof.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Westbrook Real Estate Partners LLC), Agreement and Plan of Merger (Alter Robert A), Sunstone Hotel Investors Inc
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a) hereof) or the withdrawal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to to, or removal of a partner in in, such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners partner or all remaining members of such partnershippartners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 9.3(b)7.03(b) hereof.
Appears in 2 contracts
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a7.04(a) hereof) or the withdrawal withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to or removal of a partner in such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners partner or all remaining members of such partnershippartners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 9.3(b).7.03(b) hereof. The merger of the General Partner with or
Appears in 1 contract
Samples: Winston Hotels Inc
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its automatic removal pursuant to Section 9.4(a7.4(a) hereof) or the withdrawal withdrawal, death or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to to, or removal of a partner in in, such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued within ninety (90) days by the remaining general partners partner or all remaining members of such partnershippartners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 9.3(b)7.3(b) hereof.
Appears in 1 contract
Samples: Western Properties Trust