Common use of Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner Clause in 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 or the 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, 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 by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.03(b) hereof. The merger of a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to

Appears in 1 contract

Samples: Highland Hospitality Corp

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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 Partner, a General Partner’s removal pursuant to Section 7.4(a) hereof, or the 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, 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 by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.03(b7.3(b) hereof. The merger of a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to.

Appears in 1 contract

Samples: Limited Partnership Agreement (Dakota 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 removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, that if a General Partner is is, on the date of such occurrence occurrence, a partnership, the withdrawal, death, dissolution, dissolution or Event of Bankruptcy as to, or removal of a partner in, such partnership shall be deemed not to be a dissolution or withdrawal of such General Partner if the business of such General Partner is continued by the remaining partner or partners) (any of the foregoing events and occurrences being referred to as an "Event of Withdrawal" as to such General Partner), the Partnership shall be dissolved and terminated as provided in Article XII, unless the Partnership is continued pursuant to Section 7.03(b7.3(b) hereof. The merger of a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to.

Appears in 1 contract

Samples: Agreement (Timberland Growth Corp)

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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 removal pursuant to Section 7.4(a) hereof) or the 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, or removal of a partner in, such partnership Partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.03(b) hereof. The merger of a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to7.3(b)

Appears in 1 contract

Samples: Limited Partnership Agreement (Americold Realty Trust)

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