Common use of Effect of Withdrawal Clause in Contracts

Effect of Withdrawal. Following the withdrawal of the General Partner under this Section 7.6, or the occurrence of any other event that terminates the General Partner’s status as a constituent general partner of the Partnership under the Act, the General Partner shall cease to be a partner of the Partnership. Nothing in this Section 7.6(b) shall relieve the General Partner of any actual liability under applicable law for a withdrawal in violation of Section 7.6(a) or any act that constitutes Malfeasance.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Blockstack Inc.), Limited Partnership Agreement (Blockstack Inc.), Simple Agreement for Future Tokens (Saft) (Blockstack Token LLC)

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