Termination of Status of General Partner. A General Partner will cease to be a general partner of the Partnership if the General Partner (a) is dissolved or otherwise terminates its existence; (b) voluntarily withdraws as General Partner (which it may do at any time in its sole discretion); (c) is removed; (d) Transfers all of its Units held as General Partner as permitted under Section 4.3 of this Agreement and the Person to which the Units are Transferred is admitted as a substituted General Partner under Section 2.6(a) of this Agreement; or (e) otherwise ceases to be a General Partner under the Delaware Act.
Appears in 21 contracts
Samples: Agreement of Limited Partnership (Hatteras Core Alternatives Institutional Fund, L.P.), Limited Partnership Agreement (Hatteras Core Alternatives TEI Institutional Fund, L.P.), Agreement of Limited Partnership (Hatteras Core Alternatives Fund, L.P.)
Termination of Status of General Partner. A General Partner will cease to be a general partner of the Partnership if the General Partner (a) is dissolved or otherwise terminates its existence; (b) voluntarily withdraws as General Partner (which it may do at any time in its sole discretion); (c) is removed; (d) Transfers all of its Units held entire Interest as General Partner as permitted under Section SECTION 4.3 of this Agreement and the Person to which the Units are Interest is Transferred is admitted as a substituted General Partner under Section 2.6(aSECTION 2.6(A) of this Agreement; or (e) otherwise ceases to be a General Partner under the Delaware Act.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Hatteras Master Fund, L.P.), Limited Partnership Agreement (Hatteras Multi-Strategy Fund I, L.P.), Limited Partnership Agreement (Hatteras Master Fund, L.P.)
Termination of Status of General Partner. A General Partner will cease to be a general partner General Partner of the Partnership if the General Partner (a) is dissolved or otherwise terminates its existence; (b) voluntarily withdraws as General Partner (which it may do at any time in its sole discretion)with Minimum Limited Partner Approval; (c) is removedremoved pursuant to Section 4.2 of this Agreement; (d) Transfers all of its Units held entire Interest as General Partner as permitted under Section 4.3 of this Agreement and the Person to which the Units are Interest is Transferred is admitted as a substituted General Partner under Section 2.6(a) of this Agreement; or (e) otherwise ceases to be a General Partner under the Delaware Act.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (HarbourVest - Origami Structured Solutions L.P.), Agreement of Limited Partnership (Endowment PMF Master Fund, L.P.)
Termination of Status of General Partner. A General Partner will cease to be a general partner of the Partnership if the General Partner (a) is dissolved or otherwise terminates its existence; (b) voluntarily withdraws as General Partner (which it may do at any time in its sole discretion); (c) is removed; (d) Transfers all of its Units held entire Interest as General Partner as permitted under Section 4.3 of this Agreement and the Person to which the Units are Interest is Transferred is admitted as a substituted General Partner under Section 2.6(a) of this Agreement; or (e) otherwise ceases to be a General Partner under the Delaware Act.
Appears in 1 contract
Samples: Limited Partnership Agreement (Morgan Stanley Institutional Fund of Hedge Funds Lp)
