Common use of Events Triggering Dissolution Clause in Contracts

Events Triggering Dissolution. The Partnership shall dissolve and commence winding up and liquidation upon the first to occur of any of the following (“Liquidating Events”): 10.1.1 the written consent of all the Partners; or 10.1.2 the entry of a decree of judicial dissolution under the TBOC. The Partnership shall not be dissolved for any other reason, including without limitation, the Partners becoming bankrupt or executing an assignment for the benefit of creditors and any such bankruptcy or assignment shall not effect a transfer of any portion of a Partner’s partnership interest in the Partnership.