Event of Withdrawal Sample Clauses

Event of Withdrawal. “Event of Withdrawal” shall have the meaning ascribed to such term in Subsection 10.1(b).

Event of Withdrawal. As to all Partners, an Event of Withdrawal occurs when a Partner: provides written notice to the Partnership of the Partner’s express will to withdraw as a partner; makes an assignment for the benefit of creditors; files a voluntary petition in bankruptcy; is adjudged a bankrupt or insolvent or has entered against such Partner an order for relief in any bankruptcy or insolvency proceeding which order is not dissolved within 60 days; files a petition or answer or certificate seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief; files an answer or other pleading failing to contest the material allegations in any bankruptcy or insolvency proceeding; becomes subject to the appointment of a receiver or trustee or liquidator of all or any part of the Partner’s property which includes their Units or Partnership Interest; fails to have vacated or stayed the appointment of a trustee, receiver or liquidator of the Partner or of all or any part of the Partner’s property which includes their Units or Partnership Interest within 60 days of the appointment; has been expelled from the Partnership by a final judicial decree; is subject to any order or judgment not stayed within 30 days of issuance attaching or foreclosing upon its Units or any part of its Partnership Interest; (or a controlling Person) is on the list of Specially Designated Nationals and Blocked Persons maintained by the Office of Foreign Assets Control or any similar list or is otherwise a Person the Partnership is prohibited from doing business with; commences any proceeding adverse to the Partnership; fails to pay two consecutive Capital Calls or fails to timely pay three Capital Calls whether or not consecutive; or transfers its Units or any Partnership Interest, as to the interest transferred. As to a Partner who is a natural Person, an Event of Withdrawal also occurs upon the Partner’s death, the appointment of a guardian or general conservator for the Partner or an adjudication of incompetency of the Partner. As to a Partner who is an entity, an Event of Withdrawal also occurs upon the termination, dissolution or cessation of business of the Partner.

Event of Withdrawal. Upon receipt of notice from the Company of the termination (including any partial termination) and distribution of the assets of a Participating Plan or of the withdrawal of any Participating Plan, or part thereof, from the Trust, the Trustee shall segregate the share of the assets of the Master Fund allocable to such Participating Plan, or part thereof, and shall dispose of such assets in accordance with the directions of the Company.

Event of Withdrawal. 3 1.6 Fiscal Year................................................................................. 3 1.7

Event of Withdrawal. Event of Withdrawal" means with respect to the General Partner, the cessation of its status as a General Partner as a result of death, dissolution, Bankruptcy, incapacity, complete withdrawal, or any other reason, other than the dissolution of the Partnership.

Event of Withdrawal. The occurrence of any of the following events shall constitute an "LP Event of Withdrawal" hereunder on the part of the Partner with respect to whom such event occurs (the "Withdrawing Partner") immediately upon such occurrence without any requirement of notice from any other Partner (each such other Partner, a "Nonwithdrawing Partner") or passage of time except as specifically set forth below: (i) institution by a Partner of proceedings of any nature under any laws of the United States or of any state, whether now existing or subsequently enacted or amended, for the relief of debtors wherein such Partner is seeking relief as debtor; (ii) a general assignment by a Partner for the benefit of its creditors; (iii) the institution by a Partner of a case or other proceeding under any section or chapter of the federal Bankruptcy Code, as now existing or hereafter amended or becoming effective; (iv) the institution against a Partner of a case or other proceeding with respect to it under any section or chapter of the federal Bankruptcy Code, as now existing or hereafter amended or becoming effective, which proceeding is not dismissed, stayed or discharged within a period of 60 days after the filing thereof or if stayed, which stay is thereafter lifted without a contemporaneous discharge or dismissal of such proceeding; (v) a proposed plan of arrangement or other action by a Partner's creditors taken as a result of a general meeting of the creditors of such Partner; (vi) the appointment of a receiver, custodian, trustee or like officer, to take possession of assets having a value in excess of $25,000,000 of a Partner if the pendency of said receivership would reasonably tend to have a materially adverse effect upon the performance by said Partner of its obligations under this LP Agreement, which receivership remains undischarged or unstayed for a period of 60 days from the date of its imposition; (vii) admission by a Partner in writing of its inability to pay its debts as they mature; (viii) attachment, execution or other judicial seizure of all or any substantial part of a Partner's assets or of a Partner's Partnership Interest, or any part thereof, such attachment, execution or seizure being with respect to an amount not less than $25,000,000 and remaining undismissed, unstayed or undischarged for a period of 60 days after the levy thereof, if the occurrence of such attachment, execution or other judicial seizure would reasonably tend to have a materially adverse...

Event of Withdrawal. The following shall constitute events of withdrawal: 8.2.1 The Manager withdraws from the Company by giving written notice to the other Members; 8.2.2 The Manager assigns its entire Interest other than to an Affiliate; 8.2.3 The Manager resigns as the Manager;

Event of Withdrawal. UPON RECEIPT OF NOTICE FROM THE COMPANY OF THE TERMINATION (INCLUDING ANY PARTIAL TERMINATION) AND DISTRIBUTION OF THE ASSETS OF THE PLAN FROM THE TRUST, THE TRUSTEE SHALL SEGREGATE THE SHARE OF THE ASSETS OF THE TRUST ALLOCABLE TO THE PLAN, OR PART THEREOF, AND SHALL DISPOSE OF SUCH ASSETS IN ACCORDANCE WITH THE DIRECTIONS OF THE COMPANY.

Event of Withdrawal. (a) When an Event of Withdrawal occurs, the affected Party or legal representative thereof or successor in interest thereto (the "Successor") will promptly give notice to JVCO. If such notice is not given within ten (10) Business Days after the Event of Withdrawal occurs, any Party having a knowledge of the occurrence may give notice thereof. Unless otherwise provided in the definition of Event of Withdrawal above, the effective date of withdrawal shall be the date such notice is given. (b) When an Event of Withdrawal occurs, the affected Party ("Former Party") shall cease to be a shareholder of JVCO as of the effective date of withdrawal. Except as otherwise provided by this Agreement, a Successor shall have no right to become a substitute shareholder of JVCO. Unless and until a Former Party's interest in JVCO is purchased pursuant to this Article, the Former Party or Successor shall be entitled to receive the share of JVCO profits and distributions to which the Former Party or Successor would be entitled to receive hereunder had no Event of Withdrawal occurred. Except as otherwise provided herein, neither a Former Party nor a Successor shall have any liability with respect to obligations incurred by JVCO after the effective date of withdrawal, or any right to participate in the management of JVCO or the decisions of the Parties; provided, however, that the Parties may not, without the express written consent of the Former Party or Successor, take any action which would change the Former Party's interest in JVCO profits, losses or distributions, or the time at which distributions are payable if such action could have required the Former Party's consent if taken prior to the effective date of withdrawal. (c) When an Event of Withdrawal occurs, if all Parties elect to continue the business of JVCO, and JVCO gives notice of such election to the Former Party or Successor within ninety (90) days after the effective date of withdrawal, then the business of JVCO shall be continued by the Parties. If the Parties elect to continue the business of JVCO, JVCO or the Parties shall have the option to purchase the Former Party's entire JVCO interest as of the effective date of withdrawal, in the manner and on the terms provided in Section 7.1.

Event of Withdrawal. Event of Withdrawal means an event that causes a Person to cease to be a Member as provided in the Act which events include, but are not limited to, (a) voluntary withdrawal to the extent permitted by Section 6.1, “General Restrictions”, (b) assignment (in accordance with the provisions of this Agreement) of all of a Member’s Interest, (c) the making of an assignment for the benefit of creditors, (d) being subject to Bankruptcy (as defined in Section 18-304 of the Act), (e) appointment of a trustee or receiver for the Member or for all or any substantial part of his, her or its property, (f) in the case of a Member who is a natural person (1) his or her death, (2) his or her retirement, or (3) the entry by a court of competent jurisdiction adjudicating him or her incompetent to manage his or her person or estate, (g) in the case of a Member that is a trust (1) the termination of the trust or (2) a distribution of its entire Interest but not merely the substitution of a new trustee, (h) in the case of a Member that is a general or limited partnership (1) the dissolution and commencement of winding up of the partnership or (2) a distribution of its entire Interest, (i) in the case of a Member that is a corporation (1) the filing of articles of dissolution or their equivalent for the corporation, (2) a revocation of its charter or (3) a distribution of its entire Interest, (j) in the case of a Member that is an estate the distribution by the fiduciary of the estate’s entire Interest, (k) in the case of a Member that is a limited liability company (1) the filing of articles of dissolution or termination or their equivalent for a limited liability company or (2) a distribution of its entire Interest, or (l) in the case of a Member that is a limited partnership (1) the filing of articles of dissolution or termination or their equivalent for a limited partnership or (2) a distribution of its entire Interest.