Common use of Timing of Withdrawal Clause in Contracts

Timing of Withdrawal. The withdrawal of a Limited Partner shall not occur for purposes of computing the withdrawing Limited Partner’s distributive interest pursuant to this Agreement until the last business day of the calendar month in which both (a) such event has taken place and (b) the General Partner has been appropriately informed in writing of such event. For all other purposes of this Agreement, such withdrawal shall be deemed to have occurred on the date upon which notice or knowledge thereof is received at the principal place of business of the Partnership.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Man Ahl Diversified I Lp), Limited Partnership Agreement (Man Ahl Diversified I Lp), Limited Partnership Agreement (Man Ahl Diversified I Lp)

AutoNDA by SimpleDocs

Timing of Withdrawal. The withdrawal of a Limited Partner shall not occur for purposes of computing the withdrawing Limited Partner’s 's distributive interest pursuant to this Agreement until the last business day of the calendar month in which both (a) such event has taken place and (b) the General Partner has been appropriately informed in writing of such event. For all other purposes of this Agreement, such withdrawal shall be deemed to have occurred on the date upon which notice or knowledge thereof is received at the principal place of business of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Man Ahl Diversified I Lp)

AutoNDA by SimpleDocs

Timing of Withdrawal. The withdrawal Withdrawal of a Limited Partner shall not occur for purposes of computing the withdrawing Limited Partner’s 's distributive interest pursuant to this Agreement until the last business day of the calendar month quarter in which both (a) such event of withdrawal has taken place and (b) the General Partner has been appropriately informed in writing of such eventplace. For all other purposes of this Agreement, such withdrawal shall be deemed to have occurred on the date upon which the Managing General Partner gives notice or knowledge thereof is received at of its consent to the principal place of business of the PartnershipLimited Partner's withdrawal.

Appears in 1 contract

Samples: Limited Partnership Agreement (York Research Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!