Withdrawal of a Limited Partner. Subject to compliance with this Agreement, an Original or Investor Limited Partner may withdraw from the Partnership only by assigning or otherwise transferring his or its Interest as specified in this Section 10. The withdrawal of a Limited Partner shall not dissolve or terminate the Partnership. In the event of a Limited Partner's withdrawal because of death or legal incompetence, the estate or legal representative of such withdrawn Limited Partner shall be deemed to be the assignee of such withdrawn Limited Partner's Interest and may become a Substitute Limited Partner upon compliance with the provisions of Section 10.3 hereof.
Appears in 3 contracts
Samples: Krupp Realty Fund LTD Iii, Krupp Realty Fund LTD Iii, Krupp Realty Fund LTD Iii
Withdrawal of a Limited Partner. Subject to compliance with this Agreement, an Original or Investor a Limited Partner may withdraw from the Partnership only by assigning or otherwise transferring his or its Interest as specified in this Section 10. The Such withdrawal of a Limited Partner shall not dissolve or terminate the Partnership. In the event of a Limited Partner's withdrawal because of death or death, legal incompetence, dissolution or other termination, the estate or estate, legal representative or successor of such withdrawn Limited Partner shall be deemed to be the assignee of such withdrawn Limited Partner's Interest and may become a Substitute Limited Partner upon compliance with the provisions of Section 10.3 hereof.
Appears in 3 contracts
Samples: Krupp Insured Plus Ii LTD Partnership, Krupp Cash Plus LTD Partnership, Krupp Insured Plus Ii LTD Partnership
Withdrawal of a Limited Partner. Subject to compliance with this Agreement, an Original or Investor Limited Partner may withdraw from the Partnership only by assigning or otherwise transferring his or its Interest as specified in this Section 10. The withdrawal of a Limited Partner shall not dissolve or terminate the Partnership. In the event of a Limited Partner's withdrawal because of death or death, legal incompetence, dissolution or other termination, the estate or estate, legal representative or successor of such withdrawn Limited Partner shall be deemed to be the assignee of such withdrawn Limited Partner's Interest and may become a Substitute Limited Partner upon compliance with the provisions of Section 10.3 hereof.
Appears in 2 contracts
Samples: Krupp Realty LTD Partnership V, Krupp Realty LTD Partnership V
Withdrawal of a Limited Partner. Subject to compliance with this Agreement, an Original or Investor A Limited Partner may withdraw from the Partnership only by assigning Assigning or otherwise transferring his or its Interest as specified Redeeming all Units owned by the Limited Partner in accordance with this Section 10Article XIII. The withdrawal of a Limited Partner shall not dissolve or terminate the Partnership. In the event of If a Limited Partner's withdrawal Partner withdraws because of death or death, legal incompetence, dissolution or other termination, the estate or estate, legal representative or successor of such withdrawn the Limited Partner shall be deemed to be the assignee Assignee of such withdrawn the Limited Partner's Interest Units and may become a Substitute Limited Partner upon on compliance with the provisions of Section 10.3 hereof13.3.
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Withdrawal of a Limited Partner. Subject to compliance with this Agreement, an Original or Investor A Limited Partner may withdraw from the Partnership only by assigning Assigning or otherwise transferring his or its Interest as specified Redeeming all Units owned by the Limited Partner in accordance with this Section 10Article XIII. The withdrawal of a Limited Partner shall not dissolve or terminate the Partnership. In the event of If a Limited Partner's withdrawal Partner withdraws because of death or death, legal incompetence, dissolution or other termination, the estate or estate, legal representative or successor of such withdrawn the Limited Partner shall be deemed to be the assignee Assignee of such withdrawn the Limited Partner's Interest ’s Units and may become a Substitute Limited Partner upon on compliance with the provisions of Section 10.3 hereof13.3.
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Withdrawal of a Limited Partner. Subject to compliance with this Agreement, an Original or Investor A Limited Partner may withdraw from the Partnership only by assigning Assigning or otherwise transferring his or its Interest as specified having redeemed all Units owned by such Limited Partner in accordance with this Section 10. The withdrawal of a Limited Partner shall not dissolve or terminate the Partnership. In the event of a the withdrawal of any Limited Partner's withdrawal Partner because of death or death, legal incompetence, dissolution or other termination, the estate or estate, legal representative or successor of such withdrawn Limited Partner shall be deemed to be the assignee Assignee of the Partnership Interest of such withdrawn Limited Partner's Interest Partner and may become a Substitute Limited Partner upon compliance with the provisions of Section 10.3 hereof10.3.
Appears in 1 contract
Samples: Icon Holdings Corp
Withdrawal of a Limited Partner. Subject to compliance with this Agreement, an Original or Investor a Limited Partner may withdraw from the Partnership only by assigning or otherwise transferring his or its Interest as specified in this Section 10. The Such withdrawal of a Limited Partner shall not dissolve or terminate the Partnership. In the event of a Limited Partner's withdrawal because of death or death, legal incompetence, dissolution or other termination, the estate or estate, legal representative or successor of such withdrawn Limited Partner shall be deemed to be the assignee of such withdrawn Limited Partner's Interest and may any many become a Substitute Limited Partner upon compliance with the provisions of Section 10.3 hereof.
Appears in 1 contract
Samples: Krupp Cash Plus Ii LTD Partnership