Common use of Sale or Pledge of Assets; Termination of the Partnership Clause in Contracts

Sale or Pledge of Assets; Termination of the Partnership. All or substantially all of the Partnership’s assets may be sold or pledged or the Partnership may be dissolved by the affirmative vote of a majority-in-interest of all outstanding Units with the consent of the General Partner at a meeting called and conducted in accordance with Section 10.2, above. However, nothing contained in this Section 10.3, Sections 1.6 and 1.7, above, Section 10.4, below, or in any other section of this Agreement shall imply that the Limited Partners have any rights of management or control over the operations of the Partnership.

Appears in 4 contracts

Samples: Partnership Agreement (Man Ahl Diversified I Lp), Partnership Agreement (Man Ahl Diversified I Lp), Limited Partnership Agreement (Man Ahl Diversified I Lp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.