Obligations of a Prior General Partner. Upon an Involuntary Withdrawal of the General Partner and the subsequent Transfer of the General Partner's Interest, such General Partner shall (i) remain liable for all obligations and liabilities (other than Partnership liabilities payable solely from Partnership Assets) incurred by it as General Partner before the effective date of such event and (ii) pay all costs associated with the admission of its Successor General Partner. However, such General Partner shall be free of and held harmless by the Partnership against any obligation or liability incurred on account of the activities of the Partnership from and after the effective date of such event, except as provided in this Agreement.
Obligations of a Prior General Partner. If any general partner withdraws or is removed from the Partnership under Sections 7.02 or 7.08 hereof it shall remain liable for all obligations and liabilities incurred by it as a general partner before the effective date of such event and shall be liable for all damages and costs to the Partnership, the General Partner (and any new general partner) and the Limited Partner (and any Substitute Limited Partner) as a result of such sale, transfer, assignment, withdrawal or removal.
Obligations of a Prior General Partner. In the event that the General Partner Transfers its Interest in accordance with Section 7.02 or 7.04 or has its Interest converted to that of a special Limited Partner pursuant to Section 7.03 or 7.04, it shall have no further obligation or liability as a General Partner to the Partnership pursuant to this Agreement in connection with any obligations or liabilities arising from and after such Transfer or conversion, and all such future obligations and liabilities shall automatically cease and terminate and be of no further force or effect; provided, however, that nothing contained herein shall be deemed to relieve the General Partner of any obligations or liabilities (i) arising prior to such Transfer or conversion or (ii) resulting from a dissolution of the Partnership caused by the act of the General Partner where liability is imposed upon the General Partner by law or by the provisions of this Agreement.
Obligations of a Prior General Partner. In the event that the General Partner Transfers its entire interest, has its interest converted to that of a Limited Partner, or otherwise ceases to be the general partner of the Partnership in accordance with the terms hereof, it shall have no further obligation or liability as a general partner of the Partnership pursuant to this Partnership Agreement in connection with any obligations or liabilities arising from and after such Transfer, conversion or other cessation, and all such future obligations and liabilities shall automatically cease and terminate and be of no further force or effect; provided, however, that nothing contained herein shall be deemed to relieve the former General Partner of any obligations or liabilities (i) arising prior to such Transfer, conversion or other cessation or (ii) resulting from a dissolution of the Partnership caused by the act of the General Partner to the extent liability is imposed upon the General Partner by law or by the provisions of this Partnership Agreement.
Obligations of a Prior General Partner. Upon an Involuntary Withdrawal of the General Partner, the General Partner's Interest may be transferred to a successor with the Consent of the holders of a majority of each of the Partnership Units and the Preferred Units, voting separately. The transferring General Partner shall (i) remain liable for all obligations and liabilities (other than Partnership liabilities payable solely from Partnership Assets) incurred by it as General Partner before the effective date of such event and (ii) pay all costs associated with the admission of its Successor General Partner. However, such General Partner shall be free of and held harmless by the Partnership against any obligation or liability incurred on account of the activities of the Partnership from and after the effective date of such event, except as provided in this Agreement.
