Common use of Termination of Limited Partnership Clause in Contracts

Termination of Limited Partnership. No Limited Partner shall resign or withdraw from the Partnership 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 upon the occurrence of any such event, the Partnership shall be continued without dissolution.

Appears in 3 contracts

Samples: Amended and Restated Agreement (Norcraft Capital Corp.), And Restated Agreement (Norcraft Companies Lp), Third Amended and Restated Agreement (Norcraft Companies Lp)

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Termination of Limited Partnership. No Except as otherwise provided herein, no Limited Partner shall resign or withdraw from the Partnership except as provided in Section 7.6Partnership. 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 upup and dissolved, and upon the occurrence of any such event, the Partnership shall be continued without dissolutionwinding up or dissolving.

Appears in 3 contracts

Samples: Taylor Morrison Home Corp, Taylor Morrison Home Corp, sec.report

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Termination of Limited Partnership. No Limited Partner shall resign or withdraw from the Partnership except as provided in Section 7.6Partnership. 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 upon the occurrence of any such event, the Partnership shall be continued without dissolution, unless there are no other Limited Partners.

Appears in 1 contract

Samples: Agreement (Norcraft Companies Lp)

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