Reconstitution of Partnership. The Partnership shall be reconstituted and continue without dissolution, if within 30 days of the date of dissolution (and provided that a notice of dissolution with respect to the Partnership has not been provided to the Bermuda Monetary Authority) under this Section 16.2, a successor general partner appointed pursuant to this Agreement executes a transfer deed pursuant to which the new general partner assumes the rights and undertakes the obligations of the original general partner, but only if the Partnership receives an Opinion of Counsel that the admission of the new general partner will not result in the loss of limited liability of any Limited Partner.
Appears in 4 contracts
Samples: Agreement (Brookfield Renewable Partners L.P.), Agreement (Brookfield Renewable Energy Partners L.P.), Agreement (Brookfield Renewable Energy Partners L.P.)
Reconstitution of Partnership. The Partnership shall be reconstituted and continue without dissolution, dissolution if within 30 days of the date of dissolution (and provided that a notice of dissolution with respect to the Partnership has not been provided to the Bermuda Monetary Authority) under this Section 16.2), a successor general partner appointed pursuant to this Agreement executes a transfer deed pursuant to which the new general partner assumes the rights and undertakes the obligations of the original general partner, but only if the Partnership receives an Opinion of Counsel that the admission of the new general partner will not result in the loss of limited liability of any Limited Partner.
Appears in 4 contracts
Samples: Agreement (Brookfield Business Partners L.P.), Agreement (Brookfield Property Partners L.P.), Agreement (Brookfield Property Partners L.P.)
Reconstitution of Partnership. The Partnership shall be reconstituted and continue without dissolution, dissolution if within 30 days of the date of dissolution (and provided that a notice certificate of dissolution cancellation with respect to the Partnership has not been provided to filed with the Bermuda Monetary Authority) under this Section 16.2Registrar of Companies), a successor general partner appointed pursuant to this Agreement executes a transfer deed pursuant to which the new general partner assumes the rights and undertakes the obligations of the original general partner, but only if the Partnership receives an Opinion of Counsel that the admission of the new general partner will not result in the loss of limited liability of any Limited Partner.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Brookfield Business Partners L.P.), Limited Partnership Agreement, Agreement (Brookfield Business Partners L.P.)
Reconstitution of Partnership. β The Partnership shall be reconstituted and continue without dissolution, if within 30 days of the date of dissolution (and provided that a notice of dissolution with respect to the Partnership has not been provided to the Bermuda Monetary Authority) under this Section 16.2, a successor general partner appointed pursuant to this Agreement executes a transfer deed pursuant to which the new general partner assumes the rights and undertakes the obligations of the original general partner, but only if the Partnership receives an Opinion of Counsel that the admission of the new general partner will not result in the loss of limited liability of any Limited Partner.
Appears in 2 contracts
