Common use of Removal/Termination Notice Clause in Contracts

Removal/Termination Notice. 10.1.1 The General Partner shall notify the Limited Partners immediately upon any occurrence of any Removal Conduct. 10.1.2 At any time: 10.1.2.1 after [a court has confirmed that] Removal Conduct has occurred, a written notice approved by a Majority in Interest may be delivered to the General Partner informing it that the Limited Partners are electing to remove the General Partner or terminate the Fund (such notice, a “Removal For Cause Notice”); or 10.1.2.2 a written notice approved by 75% in Interest may be delivered to the General Partner informing it that the Limited Partners are electing to remove and replace the General Partner or terminate the Fund (such notice, a “Removal Without Cause Notice”).

Removal/Termination Notice. ‌ 10.1.1 The General Partner shall notify the Limited Partners immediately upon any occurrence of any Removal Conduct. 10.1.2 At any time: 10.1.2.1 after [a court has confirmed that] Removal Conduct has occurred, a written notice approved by a Majority in Interest may be delivered to the General Partner informing it that the Limited Partners are electing to remove the General Partner or terminate the Fund (such notice, a “Removal For Cause Notice”); oror‌ 10.1.2.2 a written notice approved by 75% in Interest may be delivered to the General Partner informing it that the Limited Partners are electing to remove and replace the General Partner or terminate the Fund (such notice, a “Removal Without Cause Notice”).Notice”).‌