Common use of Termination of Limited Partnership Clause in Contracts

Termination of Limited Partnership. Except as otherwise provided herein, no Limited Partner shall resign or withdraw from the Partnership. The death, retirement, resignation, expulsion, bankruptcy or dissolution of any Limited Partner shall not in and of itself cause the Partnership to be wound up and dissolved, and upon the occurrence of any such event, the Partnership shall be continued without winding up or dissolving.

Appears in 3 contracts

Samples: Agreement of Exempted Limited Partnership (Taylor Morrison Home Corp), Agreement of Exempted Limited Partnership (Taylor Morrison Home Corp), Agreement of Exempted Limited Partnership

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Termination of Limited Partnership. Except as otherwise provided herein, no No Limited Partner shall resign or withdraw from the PartnershipPartnership except as provided in Section 7.6. The death, retirement, resignation, expulsion, bankruptcy or dissolution of any Limited Partner shall not in and of itself cause the Partnership to be dissolved or its affairs to be wound up and dissolvedup, and upon the occurrence of any such event, the Partnership shall be continued without winding up or dissolvingdissolution.

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Norcraft Companies Lp), Agreement of Limited Partnership (Norcraft Capital Corp.), Agreement of Limited Partnership (Norcraft Companies Lp)

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Termination of Limited Partnership. Except as otherwise provided herein, no No Limited Partner shall resign or withdraw from the Partnership. The death, retirement, resignation, expulsion, bankruptcy or dissolution of any Limited Partner shall not in and of itself cause the Partnership to be dissolved or its affairs to be wound up and dissolvedup, and upon the occurrence of any such event, the Partnership shall be continued without winding up or dissolvingdissolution, unless there are no other Limited Partners.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Norcraft Companies Lp)

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