Common use of Events Causing Dissolution and Termination Clause in Contracts

Events Causing Dissolution and Termination. The Partnership shall be dissolved upon (1) the sale of all of the assets of the Partnership and the distribution of the net proceeds therefrom; (2) at any time with the written consent of the General Partner and of the Limited Partners representing 51% of the percentage interest of all Limited Partners; (3) the resignation, dissolution and liquidation of the General Partner if no substitute General Partner is elected within 60 days; and (4) any other event as may be provided by law. The Partnership shall be terminated when the winding up of Partnership affairs has been completed following dissolution.

Events Causing Dissolution and Termination. The Partnership shall be dissolved upon (1) the expiration of the term of the Partnership stated in this Agreement; (2) the sale of all of the assets of the Partnership and the distribution of the net proceeds therefrom; (23) at any time with the written consent of the General Partner and of the Limited Partners representing 51% all of the percentage interest of all Class A Limited Partners; (34) the resignation, dissolution and liquidation or conversion of the General Partner if no substitute General Partner is elected within 60 dayssixty (60) days as provided in Section 5.3; and (45) any other event as may be provided by law. The Partnership shall be terminated when the winding up of Partnership affairs has been completed following dissolution.