Common use of Required Withdrawal Clause in Contracts

Required Withdrawal. The General Partner may require the complete or partial withdrawal of a Limited Partner if the General Partner determines such Limited Partner’s Interest is reasonably likely to cause: (x) the Partnership’s assets to be characterized as “plan assets” under ERISA and the Internal Revenue Code, whether or not such Limited Partner is subject to ERISA or the Internal Revenue Code; (y) the Partnership or any Partner to be required to register under the Investment Company Act; or (z) a material delay, expense, or other material adverse effect on the Partnership, the General Partner or any Affiliate of the foregoing.