Common use of Term and Dissolution Clause in Contracts

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 2045, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency ; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31February 28, 20452040, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner Partners shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner Partners and the approval (if required) of any Agency each Lender and (if required) each Agency; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 20452044, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency ; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December Decem- ber 31, 20452048, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner Partners shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner Partners and the approval (if required) of any Agency each Lender and (if required) each Agency; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 20452040, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetentin- competent, (if a corporation, limited liability company or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency ; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 20452044, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency ; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 20452052, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency ; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 20452050, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency Agency; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 20452046, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency each Lender; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 2045, 2050 except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency RECD; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 20452053, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency RECD; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31April 8, 2045, 2097 or such other time as may be set forth in the Original Agreement except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency FmHA; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 2045, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency FmHA; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 20452037, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency ); (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 20452048, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency RECD; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.

Term and Dissolution. The Partnership shall continue in full force and effect until December 31, 20452048, except that the Partnership shall be dissolved and its assets liquidated prior to such date upon: (a) The sale or other disposition of all or substantially all of the assets of the Partnership; (b) A General Partner dying, being adjudicated bankrupt, insane or incompetent, (if a corporation, limited liability company corporation or partnership) being dissolved or liquidated, or voluntarily or involuntarily withdrawing from the Partnership for any reason, including an inability to continue serving as a General Partner by law or pursuant to the terms of this Agreement, if (i) the remaining General Partner(s), if any, shall fail to continue the business of the Partnership and reconstitute the Partnership as a successor limited partnership as provided in Section 7.2 and (ii) the Investment Limited Partner shall fail to exercise the right provided in Section 7.3; (c) The election to dissolve the Partnership made in writing by the General Partners with the Consent of the Investment Limited Partner and the approval (if required) of any Agency FmHA; (d) The entry of a final decree of dissolution of the Partnership by a court of competent jurisdiction; or (e) Any other event which causes the dissolution of the Partnership under the Uniform Act if the Partnership is not reconstituted pursuant to Section 7.2 or Section 7.3.