REMOVAL AND RESIGNATION OF THE MANAGING GENERAL PARTNER Sample Clauses

REMOVAL AND RESIGNATION OF THE MANAGING GENERAL PARTNER. AND THE LIQUIDATION GENERAL PARTNER 36 Section 11.1 Assignment of Interest. 36 Section 11.2 Removal of Managing GP. 36 Section 11.3 Resignation of Managing GP or the Liquidation GP. 37 Section 11.4 Transfer to New Managing GP. 37 Section 11.5 Release. 37 Section 11.6 Transfer of Title to New Managing GP. 37 Section 11.7 New Managing GP. 38 ARTICLE 12 DISSOLUTION OF PARTNERSHIP 38 Section 12.1 Events of Dissolution. 38 Section 12.2 Events Not Causing Dissolution. 38 Section 12.3 Receiver. 39 Section 12.4 Liquidation of Assets and Distribution of Proceeds of Liquidation. 39 Section 12.5 Termination of Partnership. 39 ARTICLE 13 AMENDMENTS 39 Section 13.1 Generally. 39 Section 13.2 Amendments by Managing GP. 40 Section 13.3 Notice of Amendment. 41 ARTICLE 14 CONFIDENTIALITY 41 Section 14.1 Confidentiality. 41 ARTICLE 15 MISCELLANEOUS 42 Section 15.1 Effective Time. 42 Section 15.2 Notices. 42 Section 15.3 Time of the Essence. 44 Section 15.4 Third Party Beneficiaries. 44 Section 15.5 Bond Trustee. 45 Section 15.6 Binding Effect. 45 Section 15.7 Further Assurances. 45 Section 15.8 Limited Partner Not A GP. 45 Limited Partnership Agreement Section 15.9 Waiver. 45 Section 15.10 Successors and Assigns. 46 Section 15.11 Severability. 46 Section 15.12 Governing Law. 46 Section 15.13 Counterparts. 46 Section 15.14 No Personal Liability for Limited Partners. 46 Section 15.15 Submission to Jurisdiction. 46 SCHEDULES Schedule 1 – Additional Liquidation General Partner Representations and Warranties Schedule 2 – Asset Coverage Test Schedule 3 – Amortization Test Schedule 4 – Pre-Maturity Test Schedule 5 – Pre-Acceleration Revenue Priority of Payments Schedule 6 – Pre-Acceleration Principal Priority of Payments Schedule 7 – Guarantee Priority of Payments Schedule 8 – Priority of Payments when Covered Bonds Repaid Schedule 9 – Method for Sale of Selected Loans Schedule 10 – Valuation Calculation Limited Partnership Agreement LIMITED PARTNERSHIP AGREEMENT THIS LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of BMO Covered Bond Guarantor Limited Partnership (the “Partnership”) is made as of the 30th day of September 2013. BY AND AMONG:
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REMOVAL AND RESIGNATION OF THE MANAGING GENERAL PARTNER 
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Related to REMOVAL AND RESIGNATION OF THE MANAGING GENERAL PARTNER

  • Removal and Resignation Any officer of the Company may be removed as such, with or without cause, by the Managers at any time. Any officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Managers.

  • Removal and Resignation of Officers Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board or, except in the case of an officer chosen by the Board, by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

  • Removal Resignation Section 6.01 Removal of Asset Representations Reviewer 13 Section 6.02 Appointment of Successor 13 Section 6.03 Merger or Consolidation of, or Assumption of the Obligations of, the Asset Representations Reviewer 13 Section 6.04 Asset Representations Reviewer Not to Resign 14 Section 6.05 Cooperation of Asset Representations Reviewer 14 ARTICLE VII.

  • Removal of General Partner (a) The Special Limited Partner or the Limited Partner, or both of them, may remove the General Partner for cause if such General Partner, its officers or directors, if applicable, has:

  • Appointment, Removal and Resignation of Preferred Guarantee Trustees (a) Subject to Section 4.2(c), the Preferred Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor.

  • Resignation of Manager A Manager other than an Independent Manager may resign as a Manager at any time by thirty (30) days’ prior notice to the Member. An Independent Manager may not withdraw or resign as a Manager of the Company without the consent of the Member. No resignation or removal of an Independent Manager, and no appointment of a successor Independent Manager, shall be effective until such successor (i) shall have accepted his or her appointment as an Independent Manager by a written instrument, which may be a counterpart signature page to the Management Agreement in the form attached hereto as Exhibit A, and (ii) shall have executed a counterpart to this Agreement.

  • Appointment, Removal and Resignation of the Guarantee Trustee (a) Subject to Section 4.2(b), the Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor.

  • Appointment, Removal and Resignation of Preferred Guarantee Trustee (a) Subject to Section 4.2(b), the Preferred Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor.

  • Resignation and Removal of the Depositary The Depositary may at any time resign as Depositary hereunder by written notice of its election so to do delivered to the Company, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointment as hereinafter provided. The Depositary may at any time be removed by the Company by 120 days prior written notice of such removal, to become effective upon the later of (i) the 120th day after delivery of the notice to the Depositary and (ii) the appointment of a successor depositary and its acceptance of such appointment as hereinafter provided. In case at any time the Depositary acting hereunder shall resign or be removed, the Company shall use its best efforts to appoint a successor depositary, which shall be a bank or trust company having an office in the Borough of Manhattan, The City of New York. Every successor depositary shall execute and deliver to its predecessor and to the Company an instrument in writing accepting its appointment hereunder, and thereupon such successor depositary, without any further act or deed, shall become fully vested with all the rights, powers, duties and obligations of its predecessor; but such predecessor, nevertheless, upon payment of all sums due it and on the written request of the Company shall execute and deliver an instrument transferring to such successor all rights and powers of such predecessor hereunder, shall duly assign, transfer and deliver all right, title and interest in the Deposited Securities to such successor and shall deliver to such successor a list of the Owners of all outstanding American Depositary Shares. Any such successor depositary shall promptly mail notice of its appointment to the Owners. Any corporation into or with which the Depositary may be merged or consolidated shall be the successor of the Depositary without the execution or filing of any document or any further act.

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