Common use of Liability of a Withdrawn General Partner Clause in Contracts

Liability of a Withdrawn General Partner. Any General Partner who shall voluntarily or involuntarily for any reason (including bankruptcy, death, dissolution or adjudication of incompetence) withdraw from the Partnership or sell, transfer or assign its Interest shall be and remain liable for all obligations and liabilities incurred by it as General Partner prior to the time such withdrawal, sale, transfer or assignment shall, as provided in Sections 6.1 or 6.2, have become effective, but it shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, sale, transfer or assignment shall have become effective.

Liability of a Withdrawn General Partner. Any General Partner who shall voluntarily or involuntarily for any reason (including bankruptcyIncapacity) withdraw, death, dissolution resign or adjudication of incompetence) withdraw be removed from the Partnership or sell, transfer or assign its General Partner's Interest shall be and remain liable for all obligations and liabilities incurred by it as General Partner prior to the time such withdrawal, resignation, removal, sale, transfer or assignment shall, as provided in Sections 6.1 or 6.2, shall have become effective, but it shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, resignation, removal, sale, transfer or assignment shall have become effective.

Liability of a Withdrawn General Partner. Any General Partner who shall voluntarily or involuntarily for any reason (including bankruptcyIncapacity) withdraw, death, dissolution resign or adjudication of incompetence) withdraw be removed from the Partnership or sell, transfer or assign its Interest General Partner Partnership Units shall be and remain liable for all obligations and liabilities incurred by it as General Partner prior to the time such withdrawal, resignation, removal, sale, transfer or assignment shall, as provided in Sections 6.1 or 6.2, shall have become effective, but it shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, resignation, removal, sale, transfer or assignment shall have become effective.

Liability of a Withdrawn General Partner. Any General Partner who shall voluntarily or involuntarily for any reason (including bankruptcy, death, dissolution or adjudication of incompetence) withdraw from the Partnership or sell, transfer or assign its Interest shall be and remain liable for all obligations and liabilities incurred by it as General Partner prior to the time such withdrawal, sale, . transfer or assignment shall, shall as provided in Sections 6.1 or 6.2Section 6.1, have become effective, but it shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, sale, .' transfer or assignment shall have become effective.

Liability of a Withdrawn General Partner. Any General Partner who shall voluntarily or involuntarily for any reason (including bankruptcy, death, dissolution or adjudication of incompetence) withdraw from the Partnership or sell, transfer or assign its Interest shall be and remain liable for all obligations and liabilities incurred by it as General Partner prior to the time such withdrawal, sale, transfer or assignment shall, as provided in Sections 6.1 or 6.2Section 6.1, have become effective, but it shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, sale, transfer or assignment shall have become effective.