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. 6.1 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. IN WITNESS of which the following sign this Memorandum SIGNED on behalf of (Partner) by {Name} ) in the presence of:- ) Date: ) SIGNED on behalf of {Partner} ) by {Name} ) in the presence of:- ) Date: ) SIGNED on behalf of (Partner) by {Name} ) in the presence of:- ) Date: ) SIGNED on behalf of (Partner) by {Name} ) in the presence of:- ) Date: ) APPENDICES Appendix 1 – The Partners Swale Borough Council Maidstone Borough Council Tunbridge Xxxxx Borough Council Kent County Council MKIP Management Board MKIP ICT Partnership Board Stake holder representatives ICT Management Team KCC Representative TWBC Director (rotating chair) SBC Director (rotating chair) MBC Director (rotating chair) Head of MKIP ICT Partnership MKIP Programme Manager Strategic Operational
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. 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.
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. 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:
Withdrawal from the Partnership. No Limited Partner may withdraw -------------------------------- from the Partnership before its dissolution or termination pursuant to Section 1.4 or 4.1 herein.
Withdrawal from the Partnership. No Limited Partner may withdraw from the Partnership or transfer in whole or in part its Partnership Interest (except in accordance with the terms of this Agreement) prior to the dissolution and winding up of the Partnership without the consent of the General Partners.
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.
