Common use of Rights on Removal or Withdrawal Clause in Contracts

Rights on Removal or Withdrawal. A General Partner which has ceased to be a General Partner shall be entitled to all compensation accrued as of the date of its removal or withdrawal and shall have the same rights to inspect and make copies or excerpts of the books and records of the Partnership as is provided to Limited Partners until all amounts due the General Partner as of the date the General Partner ceased to be a General Partner have been paid. The General Partner shall be a creditor of the Partnership as to all such amounts owed to it by the Partnership, and shall not have any portion of its interest as General Partner converted to an interest as a Limited Partner or Assignee except as provided in Sections 7.11, 7.12 and 14.11. As to any Class A Units so held or received, the General Partner shall be entitled to exercise all of the voting rights provided under this Agreement as a Partner.

Rights on Removal or Withdrawal. A General Partner which has ceased to be a Departing General Partner shall be entitled to all compensation accrued as of the date of its removal or withdrawal cessation as the General Partner and shall have the same rights to inspect and make copies or excerpts of the books and records of the Partnership as is provided to Limited Partners until all amounts due the Departing General Partner as of the date the General Partner ceased to be a General Partner have been paid. The Departing General Partner shall be a creditor of the Partnership as to all such amounts owed to it by the Partnership, and shall not have any portion of its interest as General Partner converted to an interest as a Limited Partner or Assignee except as provided in Sections 7.11, 7.12 and 14.11Section 15.7. As to any Class A Units so held or received, the Departing General Partner shall be entitled to exercise all of the voting rights provided under this Agreement as a Partner.