Common use of Events of Withdrawal Clause in Contracts

Events of Withdrawal. A General Partner will cease to be a General Partner of the Partnership on the occurrence of any of the following events of withdrawal: A. the General Partner voluntarily withdraws as a General Partner from the Partnership as provided by Section 11.02 hereof; B. the General Partner is removed as a General Partner in accordance with Section 11.04 hereof; C. if it is determined in the manner specified in Section 11.05 below that such event shall constitute an event of withdrawal, the Managing General Partner: 1. makes a general assignment for the benefit of creditors;

Appears in 2 contracts

Samples: Limited Partnership Agreement (Swift Energy Pension Partners 1995-a LTD), Limited Partnership Agreement (Swift Energy Pension Partners 1995 B LTD)

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Events of Withdrawal. A General Partner may not voluntarily withdraw from the Partnership at any time. A General Partner, however, will cease be deemed to be a General Partner of have withdrawn from the Partnership on the occurrence of any one of the following events (each event herein referred to as an "Event of withdrawal:Withdrawal"): A. the General Partner voluntarily withdraws as a General Partner from the Partnership as provided by Section 11.02 hereof; B. the (a) A General Partner is removed as a general partner pursuant to Section 12.2; or (b) A General Partner transfers all of its right, title and interest as a General Partner other than as permitted in accordance with Section 11.04 hereof; C. if it is determined in the manner specified in Section 11.05 below that such event shall constitute an event of withdrawal, the Managing General Partner: 1. makes a general assignment for the benefit of creditors;Article XI.

Appears in 2 contracts

Samples: Distribution and Contribution Agreement (Interstate Hotels & Resorts Inc), Distribution and Contribution Agreement (Interstate Hotels & Resorts Inc)

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Events of Withdrawal. A The General Partner may not voluntarily withdraw from the Partnership at any time. The General Partner, however, will cease be deemed to be a General Partner of have withdrawn from the Partnership on the occurrence of any one of the following events (each event herein referred to as an "Event of withdrawal:Withdrawal"): A. the General Partner voluntarily withdraws as a General Partner from the Partnership as provided by Section 11.02 hereof; B. the (a) The General Partner is removed as a general partner pursuant to Section 12.2; or (b) The General Partner in accordance with Section 11.04 hereof; C. if it is determined in the manner specified in Section 11.05 below that such event shall constitute an event transfers all of withdrawalits right, the Managing title and interest as General Partner: 1. makes a general assignment for the benefit of creditors;Partner pursuant to Section

Appears in 1 contract

Samples: Limited Partnership Agreement (Phymed Inc)

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