Common use of EVENT OF WITHDRAWAL DEFINED Clause in Contracts

EVENT OF WITHDRAWAL DEFINED. For purposes of this Agreement, an Event of Withdrawal shall include the occurrence of any event set forth in Section 14-9-602 of the Act upon compliance with any notification requirements imposed by the Act. A voluntary withdrawal by a General Partner will not be in violation of this Agreement provided the General Partner provides written notice to Limited Partners holding 2/3 or more of the Partnership Units held by Limited Partners at least 10 days in advance of such withdrawal.

Appears in 11 contracts

Samples: Partnership Agreement (Synergy Brands Inc), Partnership Agreement (Jni Corp), Partnership Agreement (Miller Lloyd I Iii)

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EVENT OF WITHDRAWAL DEFINED. For purposes of this ------------------------------ Agreement, an Event of Withdrawal shall include the occurrence of any event set forth in Section 14-9-602 of the Act upon compliance with any notification requirements imposed by the Act. A voluntary withdrawal by a General Partner will not be in violation of this Agreement provided the General Partner provides written notice to Limited Partners holding 2/3 or more of the Partnership Units held by Limited Partners at least 10 days in advance of such withdrawal.

Appears in 2 contracts

Samples: Partnership Agreement (Aldila Inc), Partnership Agreement (Aldila Inc)

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