Common use of Events Causing Winding Up Clause in Contracts

Events Causing Winding Up. The Partnership shall be wound up upon the occurrence of any of the following events (each, a “Dissolution Event”): (a) an order of the Grand Court of the Cayman Islands pursuant to the Act; (b) any event which makes it unlawful for the business of the Partnership to be carried on by the Partners; (c) the written consent of the General Partner and APO (FC) LLC; (d) any other event expressly set out in the Act not inconsistent with any provision hereof requiring the Partnership to be wound up and dissolved; (e) the occurrence of a Disabling Event with respect to the General Partner; provided that the Partnership will not be dissolved or required to be wound up in connection with any of the events specified in this Section 9.02(e) if: (i) at the time of the occurrence of such event there is at least one other general partner of the Partnership who is hereby authorized to, and elects to, carry on the business of the Partnership; or (ii) APO (FC) LLC consents to or ratifies the continuation of the business of the Partnership and the appointment of another general partner of the Partnership, effective as of the event that caused the General Partner to cease to be a general partner of the Partnership, within 90 days following the occurrence of any such event.

Appears in 4 contracts

Samples: Exempted Limited Partnership Agreement (Apollo Global Management LLC), Exempted Limited Partnership Agreement (Apollo Global Management LLC), Exempted Limited Partnership Agreement (Apollo Global Management LLC)

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Events Causing Winding Up. The Partnership shall be wound up upon the occurrence of any of the following events (each, a “Dissolution Event”): (a) an order of the Grand Court of the Cayman Islands pursuant to the Act; (b) any event which makes it unlawful for the business of the Partnership to be carried on by the Partners; (c) the written consent of the General Partner and APO (FCFC III) LLC; (d) any other event expressly set out in the Act not inconsistent with any provision hereof requiring the Partnership to be wound up and dissolved; (e) the occurrence of a Disabling Event with respect to the General Partner; provided that the Partnership will not be dissolved or required to be wound up in connection with any of the events specified in this Section 9.02(e) if: (i) at the time of the occurrence of such event there is at least one other general partner of the Partnership who is hereby authorized to, and elects to, carry on the business of the Partnership; or (ii) APO (FCFC III) LLC consents to or ratifies the continuation of the business of the Partnership and the appointment of another general partner of the Partnership, effective as of the event that caused the General Partner to cease to be a general partner of the Partnership, within 90 days following the occurrence of any such event.

Appears in 2 contracts

Samples: Exempted Limited Partnership Agreement (Apollo Global Management LLC), Exempted Limited Partnership Agreement (Apollo Global Management LLC)

Events Causing Winding Up. The Partnership shall be wound up upon the occurrence of any of the following events (each, a “Dissolution Event”): (a) an order of the Grand Court of the Cayman Islands pursuant to the Act; (b) any event which makes it unlawful for the business of the Partnership to be carried on by the Partners; (c) the written consent of the General Partner and APO (FC) LLCCorp.; (d) any other event expressly set out in the Act not inconsistent with any provision hereof requiring the Partnership to be wound up and dissolved; (e) the occurrence of a Disabling Event with respect to the General Partner; provided that the Partnership will not be dissolved or required to be wound up in connection with any of the events specified in this Section 9.02(e) if: (i) at the time of the occurrence of such event there is at least one other general partner of the Partnership who is hereby authorized to, and elects to, carry on the business of the Partnership; or (ii) APO (FC) LLC Corp. consents to or ratifies the continuation of the business of the Partnership and the appointment of another general partner of the Partnership, effective as of the event that caused the General Partner to cease to be a general partner of the Partnership, within 90 days following the occurrence of any such event.

Appears in 2 contracts

Samples: Exempted Limited Partnership Agreement (Apollo Global Management LLC), Exempted Limited Partnership Agreement (Apollo Global Management LLC)

Events Causing Winding Up. The Partnership shall be wound up upon the occurrence of any of the following events (each, a “Dissolution Event”):events: (a) an order of the Grand Court of the Cayman Islands pursuant to the Act; (b) any event which makes it unlawful for the business of the Partnership to be carried on by the Partners; (c) the written consent of the General Partner and APO (FC) LLC; (d) any other event expressly set out in the Act not inconsistent with any provision hereof requiring the Partnership to be wound up and dissolved; (e) the occurrence of a Disabling Event with respect to the General Partner; provided that the Partnership will not be dissolved or required to be wound up in connection with any of the events specified in this Section 9.02(e) if: (i) at the time of the occurrence of such event there is at least one other general partner of the Partnership who is hereby authorized to, and elects to, carry on the business of the Partnership; or (ii) APO (FC) LLC consents to or ratifies the continuation of the business of the Partnership and the appointment of another general partner of the Partnership, effective as of the event that caused the General Partner to cease to be a general partner of the Partnership, within 90 days following the occurrence of any such event.

Appears in 2 contracts

Samples: Exempted Limited Partnership Agreement (Apollo Global Management LLC), Exempted Limited Partnership Agreement (Apollo Global Management LLC)

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Events Causing Winding Up. The Partnership shall be wound up upon the occurrence of any of the following events (each, a “Dissolution Event”): (a) an order of the Grand Court of the Cayman Islands pursuant to the Act; (b) any event which makes it unlawful for the business of the Partnership to be carried on by the Partners; (c) the written consent of the General Partner and APO (FCFC II) LLC; (d) any other event expressly set out in the Act not inconsistent with any provision hereof requiring the Partnership to be wound up and dissolved; (e) the occurrence of a Disabling Event with respect to the General Partner; provided that the Partnership will not be dissolved or required to be wound up in connection with any of the events specified in this Section 9.02(e) if: (i) at the time of the occurrence of such event there is at least one other general partner of the Partnership who is hereby authorized to, and elects to, carry on the business of the Partnership; or (ii) APO (FCFC II) LLC consents to or ratifies the continuation of the business of the Partnership and the appointment of another general partner of the Partnership, effective as of the event that caused the General Partner to cease to be a general partner of the Partnership, within 90 days following the occurrence of any such event.

Appears in 2 contracts

Samples: Exempted Limited Partnership Agreement (Apollo Global Management LLC), Exempted Limited Partnership Agreement (Apollo Global Management LLC)

Events Causing Winding Up. The Partnership shall be wound up upon the occurrence of any of the following events (each, a “Dissolution Event”):events: (a) an order of the Grand Court of the Cayman Islands pursuant to the Act; (b) any event which makes it unlawful for the business of the Partnership to be carried on by the Partners; (c) the written consent of the General Partner and APO (FC) LLCCorp.; (d) any other event expressly set out in the Act not inconsistent with any provision hereof requiring the Partnership to be wound up and dissolved; (e) the occurrence of a Disabling Event with respect to the General Partner; provided that the Partnership will not be dissolved or required to be wound up in connection with any of the events specified in this Section 9.02(e) if: (i) at the time of the occurrence of such event there is at least one other general partner of the Partnership who is hereby authorized to, and elects to, carry on the business of the Partnership; or (ii) APO (FC) LLC Corp. consents to or ratifies the continuation of the business of the Partnership and the appointment of another general partner of the Partnership, effective as of the event that caused the General Partner to cease to be a general partner of the Partnership, within 90 days following the occurrence of any such event.

Appears in 1 contract

Samples: Exempted Limited Partnership Agreement (Apollo Global Management LLC)

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