Common use of Events Requiring Dissolution Clause in Contracts

Events Requiring Dissolution. The Partnership shall be dissolved upon the happening of any of the following events: 1. The retirement, removal, adjudication of bankruptcy under Chapter 7 of the Bankruptcy Code (or any similar law or provision enacted in lieu thereof), of the General Partner, the dissolution or other cessation to exist as a legal entity of the General Partner, unless the Limited Partners agree in writing to continue the business of the Partnership and to admit one or more General Partners. 2. The Partnership is adjudicated bankrupt under Chapter 7 of the Federal Bankruptcy Code (or any similar law or provision enacted in lieu thereof). 3. The vote of Limited Partners holding more than fifty percent (50%) of the then outstanding Limited Partner Interests held by all Limited Partners, with the same proportionate vote as provided in paragraph (d) of Article XI. 4. The disposition of all interests in the real, personal and mixed property and other assets of the Partnership.

Events Requiring Dissolution. The Partnership shall be dissolved upon the happening of any of the following events: 1. The retirement, removal, adjudication of bankruptcy under Chapter 7 of the Bankruptcy Code (or any similar law or provision enacted in lieu thereof), of the General Partner, the dissolution or other cessation to exist as a legal entity of the General Partner, unless the Limited Partners agree in writing to continue the business of the Partnership and to admit one or more General Partners. 2. The Partnership is adjudicated bankrupt under Chapter 7 of the Federal Bankruptcy Code (or any similar law or provision enacted in lieu thereof). 3. The vote of Limited Partners holding more than fifty percent (50%) of the then outstanding Limited Partner Interests held by all Limited Partners, with the same proportionate vote as provided in paragraph (d) of Article XI. 4. The disposition of all interests in the real, personal and mixed property and other assets of the Partnership. 5. December 31, 2010.

Events Requiring Dissolution. The Partnership shall be dissolved upon the happening of any of the following events: 1. The retirement, removal, adjudication of bankruptcy under Chapter 7 of the Bankruptcy Code (or any similar law or provision enacted in lieu thereof), of the General Partner, the dissolution or other cessation to exist as a legal entity of the General Partner, unless the Limited Partners agree in writing to continue the business of the Partnership and to admit one or more General Partners. 2. The Partnership is adjudicated bankrupt under Chapter 7 of the Federal Bankruptcy Code (or any similar law or provision enacted in lieu thereof). 3. The vote of Limited Partners holding more than fifty percent (50%) of the then outstanding Limited Partner Interests held by all Limited Partners, with the same proportionate vote as provided in paragraph (d) of Article XI. 4. The disposition of all interests in the real, personal and mixed property and other assets of the Partnership. 5. December 31, 2020.

Events Requiring Dissolution. The Partnership shall be dissolved upon the happening of any of the following events: 1. The retirement, removal, adjudication of bankruptcy under Chapter 7 of the Bankruptcy Code (or any similar law or provision enacted in lieu thereof), of the General Partner, the dissolution or other cessation to exist as a legal entity of the General Partner, unless the Limited Partners agree in writing to continue the business of the Partnership and to admit one or more General Partners. 2. The Partnership is adjudicated bankrupt under Chapter 7 of the Federal Bankruptcy Code (or any similar law or provision enacted in lieu thereof). 3. The vote of Limited Partners holding more than fifty percent (50%) of the then outstanding Limited Partner Interests held by all Limited Partners, with the same proportionate vote as provided in paragraph (d) of Article XI. 4. The disposition of all interests in the real, personal and mixed property and other assets of the Partnership. 5. December 31, 2005.

Events Requiring Dissolution. The Partnership shall be dissolved upon the happening of any of the following events: 1. The retirement, removal, adjudication of bankruptcy under Chapter 7 of the Bankruptcy Code (or any similar law or provision enacted in lieu thereof), of the General Partner, the dissolution or other cessation to exist as a legal entity of the General Partner, unless the Limited Partners agree in writing to continue the business of the Partnership and to admit one or more General Partners. 2. The Partnership is adjudicated bankrupt under Chapter 7 of the Federal Bankruptcy Code (or any similar law or provision enacted in lieu thereof). 3. The vote of Limited Partners holding more than fifty percent (50%) of the then outstanding Limited Partner Interests held by all Limited Partners, with the same proportionate vote as provided in paragraph (d) of Article XI. 4. The disposition of all interests in the real, personal and mixed real property and other assets of the Partnership.

Events Requiring Dissolution. The Partnership shall be dissolved upon the happening of any of the following events: 1. The retirement, removal, adjudication of bankruptcy under Chapter 7 of the Bankruptcy Code (or any similar law or provision enacted in lieu thereof), of the General Partner, the dissolution or other cessation to exist as a legal entity of the General Partner, unless the Limited Partners agree in writing to continue the business of the Partnership and to admit one or more General Partners. 2. The Partnership is adjudicated bankrupt under Chapter 7 of the Federal Bankruptcy Code (or any similar law or provision enacted in lieu thereof). 3. The vote of Limited Partners holding more than fifty percent (50%) of the then outstanding Limited Partner Interests limited partner interests held by all Limited Partners, with the same proportionate vote as provided in paragraph (d) of Article XI. 4. The disposition of all interests in the real, personal and mixed property and other assets of the Partnership.