Common use of Formation and Continuation of Limited Partnership Clause in Contracts

Formation and Continuation of Limited Partnership. The Partnership shall continue as the entity converted from KCI Properties Limited, a Texas limited liability company from which the Partnership was converted on December 17, 2001, under and pursuant to the Limited Partnership Act and the Certificate. Except as provided to the contrary in this Agreement, the rights, duties, status, and liabilities of the Partners, and the formation, administration, dissolution, and continuation or termination of the Partnership, shall be as provided in the Limited Partnership Act.

Formation and Continuation of Limited Partnership. The Partnership shall continue as the entity converted from KCI Properties Real Property Limited, a Texas limited liability company company, from which the Partnership was converted on December 17, 2001, under and pursuant to the Limited Partnership Act and the Certificate. Except as provided to the contrary in this Agreement, the rights, duties, status, and liabilities of the Partners, and the formation, administration, dissolution, and continuation or termination of the Partnership, shall be as provided in the Limited Partnership Act.