Replacement of General Partner. In the event the General Partner is no longer a Partner (whether in accordance with the provisions of this Agreement or otherwise), a successor General Partner shall be appointed by a vote of a Majority-in-Interest of the Limited Partners.
Replacement of General Partner. In the event of the Bankruptcy or ------------------------------ resignation of the General Partner, a successor General Partner may be appointed by the affirmative vote of a majority of the Partnership Percentages.
Replacement of General Partner. In accordance with the Merger Agreement and in satisfaction of Section 8 of the Support Agreement, the General Partner is hereby replaced by the New General Partner in the Omnibus Agreement, and any and all references in the Omnibus Agreement to the General Partner shall be deemed references to the New General Partner as though New General Partner were an original party thereto.
Replacement of General Partner. The right to remove the General Partner provided in Article 9.01 hereof shall be exercised only by way of Special Resolution and shall be effective only upon the Limited Partners appointing, concurrently with such removal, a new General Partner to assume all of the responsibilities and obligations of the existing General Partner. The new General Partner shall, prior to assuming its responsibilities as General Partner under the terms of this Agreement, execute those documents presented by the Partnership to give effect to such assumption.
Replacement of General Partner. The Limited Partners, may by Ordinary Resolution, remove the General Partner and concurrently substitute another Person as General Partner in its stead upon 45 days notice to the General Partner, provided however no notice will be required to be given to the General Partner upon the occurrence of any of the following: (a) adjudication of the General Partner as bankrupt or the appointment of a receiver of the assets and undertaking of the General Partner; (b) General Partner making an assignment for the benefit of creditors; (c) dissolution, winding up, or liquidation of the General Partner; or (d) default by the General Partner under any provision of this Agreement that remains unremedied for more than 10 days after the Limited Partners give notice to the General Partner by Ordinary Resolution to remedy the default.
Replacement of General Partner. The Partnership Agreement is amended to reflect the replacement of KJR/LP as the General Partner. KJR/LP's Partnership Interest shall hereinafter be deemed a general partnership interest.
Replacement of General Partner
