Common use of Election of New General Partner Clause in Contracts

Election of New General Partner. In the event any Person ceases to be a General Partner pursuant to Section 9.1 hereof, and as a consequence thereof the Partnership has no General Partner, any Limited Partner may nominate one or more Persons for election as General Partner, which Person or Persons shall have the right and the power to continue the Partnership and its business without dissolution. The election of a new General Partner shall require the unanimous written consent of the Limited Partners.

Election of New General Partner. In the event any Person ceases to be a General Partner pursuant to Section 9.1 hereofabove, and as a consequence thereof the Partnership has no General Partner, any Limited Partner may nominate one or more Persons for election as General Partner, which Person or Persons shall have the right and the power to continue the Partnership and its business without dissolution. The election of a new General Partner shall require the unanimous written consent of the Limited Partners.

Election of New General Partner. In the event any Person ceases to be a General Partner pursuant to Section 9.1 hereof10.1, and as a consequence thereof the Partnership has no General Partner, any Limited Partner may nominate one or more Persons for election as a General Partner, which . No Person or Persons shall have the right and the power to continue the Partnership and its business without dissolution. The election of become a new General Partner shall require the unanimous written consent unless elected by an affirmative vote of all of the Limited Partners.