Withdrawal from the Partnership Sample Clauses

Withdrawal from the Partnership. Except as provided in this Agreement, a General Partner or a Limited Partner may not withdraw as a general partner of the Partnership or as a limited partner of the Partnership, as the case may be.

Withdrawal from the Partnership. A Partner may withdraw from the Partnership at any time but this will not affect its liability with any specific legally binding agreements. Nevertheless it is expected that Partners will not withdraw from the Partnership without a full discussion of their reasons for this at the MKIP Partnership Board.

Withdrawal from the Partnership. If a party should wish to discontinue the agreement, the consulting group must be informed, and the consulting group will subsequently notify the local council.

Withdrawal from the Partnership. Except as provided in this Agreement, a General Partner or a Limited Partner may not withdraw as a general partner of the Partnership or as a limited partner of the Partnership, as the case may be. EC. Florida. Florida LP Agr

Withdrawal from the Partnership. Except as provided in this Agreement, a General Partner or a Limited Partner may not withdraw as a general partner of the Partnership or as a limited partner of the Partnership, as the case may be. (a) A General Partner may elect to withdraw from the Partnership upon giving at least sixty (60) day's prior written notice of its intention to do so to all other Partners (General and Limited). Such withdrawal shall be effective on the date specified in such notice ("Withdrawal Date"). The Partnership shall be dissolved effective on the Withdrawal Date unless the Limited Partners by Majority Vote elect a successor General Partner prior to such Withdrawal Date. Such successor General Partner shall be deemed admitted to the Partnership immediately prior to the Withdrawal Date and shall continue the Partnership without dissolution. A successor General Partner shall be admitted as a general partner of the Partnership upon the filing of an amendment to the Certificate of Limited Partnership with the Secretary of State of the State of Delaware which indicates that the successor General Partner has been admitted as a general partner of the Partnership and that the withdrawn General Partner is no longer a general partner of the Partnership. (b) The withdrawal of a General Partner shall not in any way relieve the General Partner of any Partnership liabilities incurred or accrued prior to the Withdrawal Date.

Withdrawal from the Partnership. Except as provided in this Agreement, no Partner may withdraw as a partner of the Partnership without the prior written consent of all General Partners.

Withdrawal from the Partnership. 1. The lead partner and each project partner agree not to withdraw from the project unless there are unavoidable reasons for it. If this were nonetheless to happen, the lead partner and the remaining project partners shall endeavour to cover the contribution of the withdrawing project partner either by directly assuming its tasks or by asking one or more new third organisations to join the partnership. 2. The parties to this agreement are aware that the XX.XX is entitled to terminate the subsidy contract if the number of project partners falls below the minimum number of partners that is set in the Programme Manual (cf. Article12(1)(b) of the subsidy contract). 3. In case of change in the partnership, the parties to this agreement will adhere to the provisions on project changes as determined in the Programme Manual.

Withdrawal from the Partnership. No General Partner may withdraw from the Partnership (including taking any action to dissolve itself or other action that might result in a withdrawal from the Partnership under the Act or applicable law) without the consent of the other General Partner (subject to the right of transfer set forth in Section 12 hereof and subject to the provisions of Section 20 hereof), other than upon the dissolution and winding up of the Partnership in accordance with the terms of Section 16 hereof. For purposes hereof, the occurrence of an event described in Section 17-402(a)(4) or (a)(5) of the Act shall not constitute a withdrawal from the Partnership by the General Partner. Without limiting any other rights or remedies that the Partnership or the other Partners may have at law or equity, including without limitation any right to monetary damages and rights under the Act, upon any withdrawal from the Partnership by a General Partner in violation of this Agreement (an "Event of Withdrawal"), then and in such event notwithstanding any other provision of this Agreement to the contrary (a) all Representatives of the Withdrawing General Partner shall be deemed to have resigned from the Board of Representatives and such General Partner shall have no further right to designate any Representatives; (b) no consent of the Withdrawing General Partner or the Representatives of the Withdrawing General Partner required under any provision of this Agreement shall any longer be required and the remaining General Partner and its Representatives shall be entitled to grant all such consents and take all actions relating to the Partnership and its business; and (c) the General Partnership Interest of the Withdrawing General Partner shall be converted into a Limited Partnership Interest and the withdrawing General Partner shall not have any right to demand or receive any payment for the fair value of such withdrawing General Partner's Partnership Interest, except upon the dissolution and winding up of the Partnership in accordance with and subject to the terms of Section 16 hereof.

Withdrawal from the Partnership. Assignor hereby withdraws from ------------------------------- the Partnership.

Withdrawal from the Partnership. The General Partner acknowledges that the Investor is controlled by a sponsor and manager of private equity funds with the resources and experience necessary to manage a direct investment in the Target alongside the other consortium members, but for reasons of expediency in the context of the overall transaction, the Investor wishes initially to invest in the Target via the Partnership. In light of the foregoing and in consideration of the Investor’s strategic relationship with the General Partner and its Affiliates, the General Partner agrees that the Investor shall be allowed to withdraw from the Partnership pursuant to Section 7.3 of the LPA in accordance with the terms and conditions below: