Common use of Termination of Executory Contracts Clause in Contracts

Termination of Executory Contracts. Upon the removal or occurrence of an Event of Withdrawal of a General Partner, all executory contracts between the Partnership and such General Partner or any Affiliate thereof (unless such Affiliate is also an Affiliate of any remaining or new General Partner) may be terminated and canceled by the Partnership without prior notice or penalty. Such General Partner or any Affiliate thereof (unless such Affiliate is also an Affiliate of a remaining or new General Partner or General Partners) may also terminate and cancel any such executory contract effective upon sixty (60) days prior written notice of such termination and cancellation to the remaining or new General Partner or General Partners, if any, or to the Partnership.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Behringer Harvard Mid Term Value Enhancement Fund I Lp), Agreement of Limited Partnership (Behringer Harvard Short Term Opportunity Fund I Lp)

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Termination of Executory Contracts. Upon the removal or occurrence of an Event of Withdrawal of a General Partner, all executory contracts between the Partnership and such the terminating General Partner or any Affiliate affiliate thereof (unless such Affiliate affiliate is also an Affiliate affiliate of any remaining or new a continuing General Partner) may be terminated and canceled by the Partnership without prior effective upon written notice or penaltyto the party so terminated. Such The terminating General Partner or any Affiliate thereof affiliate (unless such Affiliate affiliate is also an Affiliate affiliate of a remaining or new continuing General Partner or General PartnersPartner) thereof may also terminate and cancel any such executory contract effective upon sixty (60) days days' prior written notice of such termination and cancellation given to the remaining or new General Partner or General PartnersPartner, if any, or to the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (N Tandem Trust), Limited Partnership Agreement (Windsor Park Properties 6)

Termination of Executory Contracts. Upon the removal or occurrence of an Event of Withdrawal termination of a General Partner, all executory contracts between the Partnership and such the terminated General Partner or any Affiliate thereof (unless such Affiliate also is also an Affiliate of any a remaining or new General PartnerPartner or General Partners) may be terminated and canceled without penalty by the Partnership without prior effective upon 60 days’ written notice to the other party or penaltyparties to such contract. Such The terminated General Partner or any Affiliate thereof (unless such Affiliate is also an Affiliate of a remaining or new General Partner or General Partners) may also terminate and cancel any such executory contract effective upon sixty (60) days 60 days’ prior written notice of such termination and cancellation to the remaining or new General Partner or General Partners, if any, or to the Partnership.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Tower Park Marina Investors Lp)

Termination of Executory Contracts. Upon the removal or occurrence of an Event of Withdrawal of a General Partner, all executory contracts between the Partnership and such the terminating General Partner or any Affiliate affiliate thereof (unless such Affiliate affiliate is also an Affiliate affiliate of any remaining or new a continuing General Partner) may be terminated and canceled by the Partnership without prior effective upon written notice or penaltyto the party so terminated. Such The terminating General Partner or any Affiliate thereof (affiliate unless such Affiliate affiliate is also an Affiliate affiliate of a remaining or new continuing General Partner or General PartnersPartner) thereof may also terminate and cancel any such executory contract effective upon sixty (60) days days' prior written notice of such termination and cancellation given to the remaining or new General Partner or General PartnersPartner, if any, or to the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Windsor Park Properties 7)

Termination of Executory Contracts. Upon the removal or occurrence of an Event of Withdrawal of a General Partner, all executory contracts between the Partnership and such General Partner or any Affiliate thereof (unless such Affiliate is also an Affiliate of any remaining or new General Partner) may be terminated and canceled by the Partnership without prior notice or penalty. Such General Partner or any Affiliate thereof (unless such Affiliate is also an Affiliate of a remaining or new General Partner or General Partners) may also terminate and cancel any such executory contract effective upon sixty (60) days prior written notice of such termination and cancellation to the remaining or new General Partner or General Partners, if any, or to the Partnership.such

Appears in 1 contract

Samples: Limited Partnership Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

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Termination of Executory Contracts. Upon the removal or occurrence of an Event of Withdrawal of a General Partner, all executory contracts between the Partnership and such the terminating General Partner or any Affiliate affiliate thereof (( unless such Affiliate affiliate is also an Affiliate affiliate of any remaining or new a continuing General Partner) may be terminated and canceled by the Partnership without prior effective upon written notice or penaltyto the party so terminated. Such The terminating General Partner or any Affiliate thereof affiliate (unless such Affiliate affiliate is also an Affiliate affiliate of a remaining or new continuing General Partner or General PartnersPartner) thereof may also terminate and cancel any such executory contract effective upon sixty (60) days days' prior written notice of such termination and cancellation given to the remaining or new General Partner or General PartnersPartner, if any, or to the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Windsor Park Properties 5)

Termination of Executory Contracts. Upon the removal or occurrence of an Event of Withdrawal of a General Partner, all executory contracts between the Partnership and such the terminating General Partner or any Affiliate affiliate thereof (unless such Affiliate affiliate is also an Affiliate affiliate of any remaining or new a continuing General Partner) may be terminated and canceled by the Partnership without prior effective upon written notice or penaltyto the party so terminated. Such The terminating General Partner or any Affiliate thereof affiliate (unless such Affiliate affiliate is also an Affiliate affiliate of a remaining or new continuing General Partner or General PartnersPartner) thereof may also terminate and cancel any such executory contract effective upon sixty (60) days prior written notice of such termination and cancellation to the remaining or new General Partner or General Partners, if any, or to the Partnership.sixty

Appears in 1 contract

Samples: Limited Partnership Agreement (Windsor Park Properties 3)

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