Common use of Effective Date of Withdrawal Clause in Contracts

Effective Date of Withdrawal. For purposes of this Agreement, the effective date of a Partner's withdrawal shall mean the last day of the calendar month in which the General Partner consents to such withdrawal pursuant to Section 2.2(a) or such Partner's notice period lapses pursuant to Section 2.2(b).

Effective Date of Withdrawal. For purposes of this AgreementUnless otherwise specified herein, the effective date of a Partner's ’s withdrawal or distribution shall mean the last day close of business on: (a) the calendar month applicable Withdrawal Date, in which the General Partner consents to such case of a withdrawal pursuant to Section 2.2(a5.02(a), or (b) or the date determined by the General Partner if such Partner's notice period lapses Partner shall be required to withdraw from the Onshore Partnership pursuant to Section 2.2(b5.03 or is given a distribution pursuant to Section 5.05(a) or Section 5.05(b).