Withdrawal, etc. of a Limited Partner. The withdrawal, termination (in the case of a Limited Partner that is a trust), dissolution and termination (in the case of a Limited Partner that is a partnership), dissolution (in the case of a Limited Partner that is a corporation or limited liability company), retirement, or adjudication as a bankrupt of a Limited Partner (the "Withdrawing Limited Partner") shall not dissolve the Partnership, but the rights of such Withdrawing Limited Partner to share in the profits and losses of the Partnership and to receive distributions of Partnership funds shall, upon the happening of such an event, pass to the Withdrawing Limited Partner's successors in interest subject to this Agreement, and the Partnership shall continue as a limited partnership.
Appears in 6 contracts
Samples: Limited Partnership Agreement (Builders FirstSource of Nashville, Inc.), Limited Partnership Agreement (Eap Energy Services Lp), Limited Partnership Agreement (Builders FirstSource of Nashville, Inc.)
Withdrawal, etc. of a Limited Partner. The withdrawal, termination (in the case of a Limited Partner that is a partnership or a trust), dissolution and termination (in the case of a Limited Partner that is a partnership), dissolution (in the case of a Limited Partner that is a corporation or limited liability company), retirement, or adjudication as a bankrupt of a Limited Partner (the "Withdrawing Limited Partner") shall not dissolve the Partnership, but the rights of such Withdrawing Limited Partner to share in the profits and losses of the Partnership and to receive distributions of Partnership funds shall, upon the happening of such an event, pass to the Withdrawing Limited Partner's successors in interest subject to this the Agreement, and the Partnership shall continue as a limited partnership.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Fw Integrated Orthopaedics Investors Lp), Limited Partnership Agreement (Fw Integrated Orthopaedics Investors Lp)
