Common use of Events Causing Dissolution and Termination Clause in Contracts

Events Causing Dissolution and Termination. The Partnership shall be dissolved: (i) upon the expiration of the term of the Partnership stated in this Partnership Agreement; (ii) upon the sale of all of the assets of the Partnership and the distribution of the net proceeds therefrom; (iii) in the event of the dissolution and liquidation, effective resignation or conversion of a General Partner if no General Partner remains and no substitute General Partner is elected by the unanimous vote of the Limited Partners prior thereto; or (v) as may be provided by law. The Partnership shall be terminated when the winding up of Partnership affairs has been completed following dissolution.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Community Health Investment CORP), Limited Partnership Agreement (Community Health Investment CORP)

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Events Causing Dissolution and Termination. The Unless the Partnership is continued as provided in this Agreement, the Partnership shall be dissolved: dissolved (ia) upon the expiration of the term of the Partnership stated in this Partnership Agreement; (iib) upon the sale of all or substantially all of the assets of the Partnership and the distribution of the net proceeds therefrom; (iiic) in the event of the dissolution and liquidation, effective resignation or conversion withdrawal of a General Partner if no General Partner remains and no substitute General Partner is elected by Partner; (d) at any time with the unanimous vote written consent of the Limited Partners prior theretoPartners; or (ve) as may be otherwise provided by law. The Partnership shall be terminated when the winding up of Partnership affairs has been completed following dissolution.

Appears in 1 contract

Samples: Limited Partnership Agreement (Central Parking Corp)

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Events Causing Dissolution and Termination. The Partnership shall be dissolved: dissolved upon (i1) upon the expiration of the term of the Partnership stated in this Partnership Agreement; (ii2) upon the sale of all of the assets of the Partnership and the distribution of the net proceeds therefrom; (iii3) in at any time with the event written consent of the General Partner and of all of the Limited Partners; (4) the resignation, dissolution and liquidation, effective resignation liquidation or conversion of a the General Partner if no General Partner remains and no substitute General Partner is elected by the unanimous vote of the Limited Partners prior theretowithin sixty (60) days as provided in Section 5.3; or and (v5) 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.

Appears in 1 contract

Samples: Limited Partnership Agreement (Province Healthcare Co)

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