Common use of Waiver of Right to Decree of Dissolution Clause in Contracts

Waiver of Right to Decree of Dissolution. The parties hereby agree that irreparable damage would be done to the goodwill and reputation of the Partnership if any Partner should bring an action in court to dissolve the Partnership. Care has been taken in this Agreement to provide what the parties have determined is fair and just payment in liquidation of the interest of all Partners. Accordingly, each party hereby waives and renounces any rights to a court decree of dissolution or to seek the appointment by the court of a liquidator for the Partnership.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

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Waiver of Right to Decree of Dissolution. The parties hereby agree that irreparable damage would be done to the goodwill and reputation of the Partnership if any Partner should bring an action in court to dissolve the Partnership. Care has been taken in this Agreement to provide what the parties have determined is fair and just payment in liquidation of the interest of all Partners. Accordingly, each party hereby waives and renounces any rights to a court decree of dissolution or to seek the appointment by the court of a liquidator for the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement

Waiver of Right to Decree of Dissolution. The parties hereby agree that irreparable damage would be done to the goodwill and reputation of the Partnership if any Partner should bring an action in court to dissolve the Partnership. Care has been taken in this Agreement to provide what the parties have determined is a fair and just payment in liquidation of the interest of all Partners. Accordingly, each party hereby waives and renounces any rights his right to such a court decree of dissolution or to seek the appointment by the court of a liquidator for the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Bishop Capital Corp)

Waiver of Right to Decree of Dissolution. The parties hereby agree that irreparable damage would be done caused to the goodwill and reputation of the Partnership if any Limited Partner should bring an action in court to dissolve the Partnership. Care has been taken in this Agreement to provide what the parties have determined is fair and just payment in liquidation of the interest of all Partners. Accordingly, each party Limited Partner hereby waives and renounces any rights its, his or her right to seek a court decree judicial dissolution of dissolution the Partnership or to seek the appointment by the court of a liquidator for the Partnership.

Appears in 1 contract

Samples: Partnership Agreements (Hboa Holdings Inc)

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Waiver of Right to Decree of Dissolution. The parties hereby agree that irreparable damage would be done to the goodwill and reputation of the Partnership if any Partner should bring an action in court to dissolve the Partnership. Care has been taken in this Agreement to provide what the parties have determined is fair and just payment in liquidation of the interest of all Partners. Accordingly, each Each party hereby waives waivers and renounces any rights his right to such a court decree of dissolution or to seek the appointment by the court of a liquidator for the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Aviva Petroleum Inc /Tx/)

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