Common use of Interim Manager Clause in Contracts

Interim Manager. If the Partnership is dissolved as a result of an event described in Section 9.1(a) or Section 9.1(b), the General Partner, subject to the Approval of the Partners, or the Partners holding more than fifty percent (50.0%) of the Percentage Interests of the Partners may appoint an interim manager of the Partnership, who shall have and may exercise all the rights, powers and duties of the General Partner under this Agreement, until (i) the new General Partner is appointed pursuant to Section 6.6 or elected pursuant to Section 9.2, if the Partnership is reconstituted, or (ii) a liquidator is appointed pursuant to Section 10.1, if the Partnership is not reconstituted.

Appears in 2 contracts

Samples: Limited Partnership Agreement (First Cash, Ltd.), Limited Partnership Agreement (First Cash, Ltd.)

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Interim Manager. If the Partnership is dissolved required to wind-up as a result of an event described in Section 9.1(a) or Section 9.1(b), the General PartnerLimited Partners, subject to by the Approval of the Partners, or the Partners holding more than fifty percent (50.0%) of the Percentage Interests of the Partners may appoint an interim manager of the Partnership, who shall have and may exercise all the rights, powers powers, and duties of the General Partner under this Agreement, until (i) the new General Partner is appointed pursuant to Section 6.6 or elected pursuant to Section 9.26.4, if the Partnership is reconstitutedreconstituted pursuant to Section 9.2, or (ii) a liquidator is appointed pursuant to Section 10.1, if the Partnership is not reconstituted.

Appears in 2 contracts

Samples: Agreement of Limited Partnership, Limited Partnership Agreement (Alta Mesa Holdings, LP)

Interim Manager. If the Partnership is dissolved required to wind-up as a result of an event described in Section 9.1(a) or Section 9.1(b), the General PartnerLimited Partners, subject to by the Approval of the Partners, or the Partners holding more than fifty percent (50.0%) of the Percentage Interests of the Partners may appoint an interim manager of the Partnership, who shall have and may exercise all the rights, powers powers, and duties of the General Partner under this Agreement, until (i) the new General Partner is appointed pursuant to Section 6.6 or elected pursuant to Section 9.26.6, if the Partnership is reconstitutedreconstituted pursuant to Section 9.2, or (ii) a liquidator is appointed pursuant to Section 10.1, if the Partnership is not reconstituted.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Alta Mesa Holdings, LP)

Interim Manager. If the Partnership is dissolved as a result of an event described in Section 9.1(a) or Section 9.1(b)8.1, the General Partner, subject to the Approval of the Partners, or the Partners holding more than fifty percent (50.0%) of the Percentage Interests of the Partners may appoint an interim manager of the Partnership, who shall have and may exercise all the rights, powers and duties of the General Partner under this Agreement, until (i) the new General Partner is appointed pursuant to Section 6.6 or elected pursuant to Section 9.26.7, if the Partnership is reconstitutedreconstituted pursuant to Section 8.2, or (ii) a liquidator is appointed pursuant by the interim manager subject to Section 10.1the Approval of the Partners, if the Partnership is not reconstituted.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Exco Resources Inc)

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Interim Manager. If the Partnership is dissolved as a result of an event described in Section 9.1(a) or Section 9.1(b), the General PartnerLimited Partners, subject to by the Approval of the Limited Partners, or the Partners holding more than fifty percent (50.0%) of the Percentage Interests of the Partners may appoint an interim manager of the Partnership, who shall have and may exercise all the rights, powers and duties of the General Partner under this Agreement, until (i) the new General Partner is appointed pursuant to Section 6.6 or elected pursuant to Section 9.26.8, if the Partnership is reconstituted, reconstituted pursuant to Section 9.2 or (ii) a liquidator Liquidator is appointed pursuant to Section 10.1, 10.1 if the Partnership is not reconstituted.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Rw Holdings NNN Reit, Inc.)

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