Common use of Restriction on Resignation or Withdrawal Clause in Contracts

Restriction on Resignation or Withdrawal. Except in connection with a transfer permitted pursuant to Section 9.1 or as contemplated by Section 12.1, no Partner shall withdraw from the Partnership without the consent of each of the other Partners. To the extent permitted by law, any purported withdrawal from the Partnership in violation of this Section 9.4 shall be null and void.

Appears in 14 contracts

Samples: Limited Partnership Agreement (Noble Midstream Partners LP), Limited Partnership Agreement (Noble Midstream Partners LP), Limited Partnership Agreement (Noble Midstream Partners LP)

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Restriction on Resignation or Withdrawal. Except in connection with a transfer permitted pursuant to Section 9.1 or as contemplated by Section 12.1, no Partner shall withdraw from the Partnership without the consent of each of the other Partners. To the extent permitted by law, any purported withdrawal from the Partnership in violation of this Section 9.4 shall be null and voidvoid ab initio.

Appears in 12 contracts

Samples: Limited Partnership Agreement (Hess Midstream Partners LP), Limited Partnership Agreement (Hess Midstream Partners LP), Limited Partnership Agreement (Hess Midstream Partners LP)

Restriction on Resignation or Withdrawal. Except in connection with a transfer permitted pursuant to Section 9.1 or as contemplated by Section 12.19.01, no Partner shall withdraw from the Partnership without the consent of each of the other Partners. To the extent permitted by law, any purported withdrawal from the Partnership in violation of this Section 9.4 9.04 shall be null and void.

Appears in 4 contracts

Samples: Agreement of Limited Partnership (Midcoast Energy Partners, L.P.), Agreement of Limited Partnership (Midcoast Energy Partners, L.P.), Agreement of Limited Partnership (MPLX Lp)

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Restriction on Resignation or Withdrawal. Except in connection with a transfer permitted pursuant to Section 9.1 or as contemplated by Section 12.1, no Partner shall withdraw from the Partnership without the consent of each of the other Partners. To the extent permitted by law, any purported withdrawal from the Partnership in violation of this Section 9.4 shall be null and void.. ARTICLE X

Appears in 2 contracts

Samples: Limited Partnership Agreement (Howard Midstream Partners, LP), Limited Partnership Agreement (Howard Midstream Partners, LP)

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