Termination and Dissolution of the Partnership Sample Clauses

Termination and Dissolution of the Partnership. 13 8.1 No Termination by Admission or Incapacity of Limited Partners 13 8.2 Termination of the Partnership 13 8.3 Continuation of Partnership upon Certain Events 13 8.4 Dissolution and Liquidation 13
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Termination and Dissolution of the Partnership. The Partnership shall be terminated and dissolved on December 31, 2050; provided, however, that the Partnership shall be terminated upon the earlier occurrence of any of the following events:
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Termination and Dissolution of the Partnership. The Partnership shall be dissolved on December 31, 2020, or upon the prior occurrence of any event causing a dissolution of the Partnership under the Uniform Limited Partnership Act of the State of Connecticut. The Partnership shall also be dissolved upon (a) the occurrence of any event which makes it unlawful for the Partnership business to be continued, unless such event can be and is remedied with a reasonable period of time not to exceed six (6) months; (b) the sale or other disposition of substantially all interests in oil and gas acreage and leases and other Partnership assets, or (c) the bankruptcy of a General Partner, unless a surviving General Partner elects to continue as General Partner. The Partnership shall not be dissolved by reason of the death, withdrawal or expulsion of a Limited Partner or upon the admission of a new Limited Partner.
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Termination and Dissolution of the Partnership. 16.2.4 Amendment of the Partnership Agreement, provided such amendment is not for the purpose of reflecting the addition or substitution of Limited Partners or the reduction of capital accounts upon the return of capital to Partners;
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Termination and Dissolution of the Partnership. The Partnership shall be dissolved on December 31, 2020, or upon ----------------- the prior occurrence of any event causing a dissolution of the Partnership under the Texas Revised Limited Partnership Act. The Partnership shall also be dissolved upon (a) the occurrence of any event which makes it unlawful for the Partnership business to be continued, unless such event can be and is remedied within a reasonable period of time not to exceed six (6) months; (b) the sale or other disposition of substantially all interests in oil and gas acreage and leases and other Partnership assets; or (c) the bankruptcy of a General Partner, unless a surviving General Partner elects to continue as General Partner. The Partnership shall not be dissolved by reason of the death, withdrawal or expulsion of a Limited Partner or upon the admission of a new Limited Partner.
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Termination and Dissolution of the Partnership. 18.1 The Partnership shall be terminated and dissolved upon the earliest to occur of the following:
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Termination and Dissolution of the Partnership. 14.1 The Partnership shall be dissolved and its affairs wound up on the first to occur of the following: (A) upon any date specified in a Notice of Termination signed by the Partners who own the majority of Partnership interests, except that as long as the XXX Property is a Partnership asset such Notice must be signed by Partners who own at least two-thirds of the Partnership interests, or (B) upon entry of a decree of judicial dissolution. The death or incapacity of any Partner will otherwise have no effect on the continuation of the Partnership.
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Termination and Dissolution of the Partnership 
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Related to Termination and Dissolution of the Partnership

  • Termination and Dissolution of the contract

  • Liquidation and Dissolution If the Company is liquidated, the assets of the Company shall be distributed to the Member or to a Successor or Successors.

  • Duration and Dissolution The Partnership shall be dissolved and its affairs shall be wound up upon the first to occur of the following:

  • Term and Dissolution (a) The term of the Partnership shall continue in full force and effect until December 31, 2039, except that the Partnership shall be dissolved upon the first to occur of any of the following events:

  • Dissolution of the Partnership The Partnership shall be dissolved upon the happening of any of the following:

  • Termination of the Partnership The Partnership shall terminate when all assets of the Partnership, after payment or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the Act.

  • Mergers and Dissolutions (a) Enter into a transaction of merger or consolidation, except that:

  • Procedure for Winding Up and Dissolution If the Company is dissolved, the affairs of the Company shall be wound up. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company in satisfaction of the liabilities of the Company, and then to the person(s) who is/are the Member(s) of the Company in proportion to the Member’s(s’) Interests.

  • Dissolution Termination and Liquidation 30 Section 8.1. Dissolution and Termination 30 Section 8.2. Liquidator 30 Section 8.3. Liquidation of the Company 31 Section 8.4. Cancellation of Certificate of Formation 32 Section 8.5. Return of Contributions 32 Section 8.6. Waiver of Partition 32 ARTICLE IX AMENDMENT OF AGREEMENT 32 Section 9.1. General 32 Section 9.2. Super-Majority Amendments 33 Section 9.3. Amendments to be Adopted Solely by the Manager 33 Section 9.4. Certain Amendment Requirements 34

  • Continuation of the Business of the Partnership After Dissolution Upon (a) dissolution of the Partnership following an Event of Withdrawal caused by the withdrawal or removal of the General Partner as provided in Section 11.1(a)(i) or (iii) and the failure of the Partners to select a successor to such Departing General Partner pursuant to Section 11.1 or Section 11.2, then, to the maximum extent permitted by law, within 90 days thereafter, or (b) dissolution of the Partnership upon an event constituting an Event of Withdrawal as defined in Section 11.1(a)(iv), (v) or (vi), then, to the maximum extent permitted by law, within 180 days thereafter, the holders of a Unit Majority may elect to continue the business of the Partnership on the same terms and conditions set forth in this Agreement by appointing as a successor General Partner a Person approved by the holders of a Unit Majority. Unless such an election is made within the applicable time period as set forth above, the Partnership shall conduct only activities necessary to wind up its affairs. If such an election is so made, then:

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