Special Withdrawal. (i) An Individual Limited Partner (other than Xxxxxx X. Och) may be required to no longer be actively involved with the Partnership and its Affiliates for any reason other than Cause, in the sole and absolute discretion of the General Partner (such event, a “Special Withdrawal”), which shall not constitute a Withdrawal. Upon the Special Withdrawal of an Individual Limited Partner, such Individual Limited Partner’s Related Trusts, if any, shall also be subject to a Special Withdrawal. (ii) In the event of the Special Withdrawal of any Limited Partner, such Limited Partner’s Common Units shall continue to vest in accordance with Section 8.4.
Appears in 11 contracts
Samples: Agreement of Limited Partnership, Limited Partnership Agreement, Limited Partnership Agreement (Och-Ziff Capital Management Group LLC)
Special Withdrawal. (i) An Individual Limited Partner (other than Xxxxxx X. Och) may be required to no longer be actively involved with the Partnership and its Affiliates for any reason other than Cause, in the sole and absolute discretion of the General Partner (such event, a “Special Withdrawal”), which shall not constitute a Withdrawal. Upon the Special Withdrawal of an Individual Limited Partner, such Individual Limited Partner’s Related Trusts, if any, shall also be subject to a Special Withdrawal.
(ii) In the event of the Special Withdrawal of any Limited Partner, such Limited Partner’s Common Units shall continue to vest in accordance with Section 8.4, except as otherwise set forth in Section 3.1(j) with respect to Class P Common Units or in any applicable Partner Agreement.
Appears in 10 contracts
Samples: Governance Agreement (Och-Ziff Capital Management Group LLC), Merger Agreement (Och-Ziff Capital Management Group LLC), Merger Agreement (Och-Ziff Capital Management Group LLC)
Special Withdrawal. (i) An Individual Limited Partner (other than Xxxxxx X. Och) may be required to no longer be actively involved with the Partnership and its Affiliates for any reason other than Cause, in the sole and absolute discretion of the General Partner (such event, a “Special Withdrawal”), which shall not constitute a Withdrawal. Upon the Special Withdrawal of an Individual Limited Partner, such Individual Limited Partner’s Related Trusts, if any, shall also be subject to a Special Withdrawal.
(ii) In the event of the Special Withdrawal of any Limited Partner, such Limited Partner’s Class A Common Units shall continue to vest in accordance with Section 8.4.
Appears in 8 contracts
Samples: Limited Partnership Agreement (Och-Ziff Capital Management Group LLC), Limited Partnership Agreement (Och-Ziff Capital Management Group LLC), Limited Partnership Agreement (Och-Ziff Capital Management Group LLC)
Special Withdrawal. (i) An Individual Limited Partner (other than Xxxxxx Dxxxxx X. Och) may be required to no longer be actively involved with the Partnership and its Affiliates for any reason other than Cause, in the sole and absolute discretion of the General Partner (such event, a “"Special Withdrawal”"), which shall not constitute a Withdrawal. Upon the Special Withdrawal of an Individual Limited Partner, such Individual Limited Partner’s 's Related Trusts, if any, shall also be subject to a Special Withdrawal.
(ii) In the event of the Special Withdrawal of any Limited Partner, such Limited Partner’s 's Class A Common Units shall continue to vest in accordance with Section 8.4.
Appears in 3 contracts
Samples: Agreement of Limited Partnership (Och Daniel), Limited Partnership Agreement (Och Daniel), Agreement of Limited Partnership (Och Daniel)
