Common use of Voluntary Withdrawal of the General Partner Clause in Contracts

Voluntary Withdrawal of the General Partner. The General Partner covenants and agrees in favor of the Partnership that, so long as any outstanding Exchangeable Units are owned by any Person other than the General Partner or any of its Subsidiaries, except as provided in Section 7.18, the General Partner will not voluntarily cease to be the sole general partner of the Partnership.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Telesat Corp), Limited Partnership Agreement (Telesat Partnership LP), Limited Partnership Agreement (Loral Space & Communications Inc.)

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Voluntary Withdrawal of the General Partner. The General Partner covenants and agrees in favor of the Partnership that, so long as any outstanding Exchangeable Units are owned by any Person other than the General Partner or any of its Subsidiaries, except as provided in Section 7.187.17, the General Partner will not voluntarily cease to be the sole general partner of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Telesat Partnership LP)

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