Sole General Partner Sample Clauses

Sole General Partner. Subject to Section 11.3, each Constituent Company will at all times preserve and keep in full force and effect its corporate existence. Subject to Section 11.3, each Constituent Company will at all times preserve and keep in full force and effect the legal existence of each of its Subsidiaries (unless merged into or consolidated with a Constituent Company or another Subsidiary of a Constituent Company, or dissolved with its net assets distributed to a Constituent Company or another Subsidiary of a Constituent Company) and all rights and franchises of each Constituent Company and its Subsidiaries unless, in the good faith judgment of such Constituent Company, the termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Sole General Partner. The REIT shall cease to be the sole general partner of Borrower or cease to own fifty-one percent (51%) or more of the Partnership Units of Borrower.

Sole General Partner. Effective as of the Effective Date, all rights, powers, duties, and obligations of Fairmount in its capacity as a 1% General Partner shall be deemed to reside in Meridian Healthcare, Inc., which shall be the sole General Partner, and all references in the Partnership Agreement to two general partners shall be construed to refer to the sole General Partner.

Sole General Partner. The REIT shall cease to be the sole general partner of Borrower or cease to own 51% or more of the Partnership Units of Borrower. An Event of Default shall be deemed "continuing" until cured or waived in writing in accordance with SECTION 11.4.

Sole General Partner. If there remains only one General Partner of the Partnership with a representative on the Management Committee because all of the other General Partners have ceased to be General Partners pursuant to Section 7.3.2 (other than pursuant to a permitted Transfer which permits the transferee to appoint a replacement member of the Management Committee), then the responsibilities and duties of the Management Committee under this Agreement shall be assumed by such remaining Genera l Partner and the Management Committee shall cease to exist.

Sole General Partner. The Company shall at all times remain the sole general partner of the Borrower.