Election to Carry on Business. Upon the occurrence of an event described in Section 17.1 hereof that would cause a dissolution of the Company by operation of law, the Members may, within ninety (90) days of such event, elect to carry on the business of the Company by the affirmative vote of a majority of the outstanding Class A Interests. In the event that all of the Class A Interests do not elect to carry on the business within such ninety (90) day period, the holders of the Class A Interests who do not vote to carry on the business shall, jointly and severally, indemnify the Company for any and all costs incurred by the Company in connection with or as a result of the dissolution of the Company.
Election to Carry on Business. Upon the occurrence of an event described in Section 10.1(b) hereof, the Limited Partners may, within ninety (90) days of such event, elect to carry on the business of the Partnership with one or more substitute General Partners by the affirmative vote of Limited Partners required by the Act. If such an election is made, the General Partner shall receive in cash within ninety (90) days after such election the value of its interest in the Partnership as of the date of such election.
Election to Carry on Business. In the event of an occurrence of any Termination Event (other than withdrawal of the General Partner) that, but for this Section 12.9, would constitute a dissolution under Section 12.1 hereof, the General Partner may, if and to the extent permitted under the Act, elect to carry on the business of the Partnership. In the event of a withdrawal of the General Partner described in Section 12.1 that, but for this Section 12.9, would constitute a dissolution under Section 12.1 hereof, then the Partners (other than the General Partner who has suffered an event of withdrawal) may, if and to the extent permitted under the Act, and within ninety (90) days following the occurrence of such event, elect to carry on the business of the Partnership by affirmative vote of all of the remaining Partners and, if they so elect, shall agree to the appointment of one or more new General Partners, all as provided by the Act. Such election to continue the business of the Partnership shall be in writing.
Election to Carry on Business. In the event of an occurrence of any ----------------------------- Termination Event (other than the events set forth in clauses (b), (c) or (f) of the definition of Termination Event) that, but for this Section 13.5 would require a dissolution of the Company under Section 13.1 hereof, all of the Members may, upon unanimous written consent, elect to carry on the business of the Company. If the Termination Event is the result of the resignation, withdrawal, or any other removal of a Member as described in clauses (d) or (e) of the definition of Termination Event, then all of the remaining Members may, within ninety (90) days following the occurrence of such Termination Event, elect in writing to carry on the business of the Company.
Election to Carry on Business. Upon an event of withdrawal of the General Partner causing dissolution of the Partnership pursuant to section 8.01(a)(iii), the Limited Partner may, within 90 days of the withdrawal, elect to continue the business of the Partnership in reconstituted form with one or more successor General Partners.
Election to Carry on Business. Upon the occurrence of the events specified in paragraphs 9.1(a) or 11.2, the Limited Partners may, if and to the extent permitted under the Act and paragraph 7.3, within 90 days of such event, elect to carry on the business of the Partnership with one or more substitute General Partners by a vote of sixty-six and two-thirds percent (66-2/3%) in interest (based on Adjusted Capital Contributions) of the Limited Partners (excluding the votes of such General Partner or any of its Affiliates if such General Partner or any of its Affiliates shall be a Limited Partner). No vote to carry on the business of the Partnership shall entitle the resigned, withdrawn, removed, dissolved or bankrupt General Partner to the return of its Capital Contribution, except as provided in paragraphs 11.1 and 11.4.
