STATUS OF UNITS AFTER REMOVAL. If the General Partner has been expelled or removed, resigns or withdraws, or had its interest as general partner of the Partnership terminated and owns any Units as General Partner, such Units shall thereafter be held by the General Partner as a Limited Partner and the Certificate of Limited Partnership shall be amended accordingly.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co)
STATUS OF UNITS AFTER REMOVAL. If the General Partner has been expelled or removed, resigns or withdraws, or had its interest as general partner of the Partnership terminated and owns any Units as General PartnerUnits, such Units shall thereafter be held by the General Partner as a Limited Partner and the Certificate of Limited Partnership shall be amended accordingly.
Appears in 1 contract
Samples: Limited Partnership Agreement (Performance Asset Management Co)
STATUS OF UNITS AFTER REMOVAL. If the General Partner has been expelled or removed, resigns or withdraws, removed or had its interest as general partner of the Partnership terminated and owns any Units as General Partner, such Units shall thereafter be held by the General Partner it as a Limited Partner and the Certificate of Limited Partnership shall be amended accordingly.
Appears in 1 contract
Samples: Limited Partnership Agreement (Performance Asset Management Co)
