Withdrawal of a Limited Partner. Subject to compliance with this Agreement, a Limited Partner may withdraw from the Partnership only by assigning or otherwise transferring his or its Interest as specified in this Section 10. 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of death, legal incompetence, dissolution or other termination, the estate, legal representative or successor of such withdrawn Limited Partner shall be deemed to be the assignee of such withdrawn Limited Partner's Interest and may become a Substitute Limited Partner upon compliance with the provisions of Section 10.3 hereof.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: Limited Partnership Agreement (Krupp Insured Plus Ii LTD Partnership), Agreement of Limited Partnership (Krupp Cash Plus LTD Partnership), Limited Partnership Agreement (Krupp Insured Plus Ii LTD Partnership)
Withdrawal of a Limited Partner. Subject to compliance with this Agreement, a 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. Such 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, death or legal incompetence, dissolution the estate or other termination, the estate, legal representative or successor of such withdrawn Limited Partner shall be deemed to be the assignee of such withdrawn Limited Partner's Interest and may become a Substitute Limited Partner upon compliance with the provisions of Section 10.3 hereof.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: Agreement of Limited Partnership (Krupp Realty Fund LTD Iii), Agreement of Limited Partnership (Krupp Realty Fund LTD Iii), Agreement of Limited Partnership (Krupp Realty Fund LTD Iii)
Withdrawal of a Limited Partner. Subject to compliance with this Agreement, a 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. Such 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of death, legal incompetence, dissolution or other termination, the estate, legal representative or successor of such withdrawn Limited Partner shall be deemed to be the assignee of such withdrawn Limited Partner's Interest and may become a Substitute Limited Partner upon compliance with the provisions of Section 10.3 hereof.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: Agreement of Limited Partnership (Krupp Realty LTD Partnership V), Agreement of Limited Partnership (Krupp Realty LTD Partnership V)
Withdrawal of a Limited Partner. Subject to compliance with this Agreement, a 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. Such 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, legal incompetence, dissolution or other termination, the 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
Withdrawal of a Limited Partner. Subject to compliance with this Agreement, a 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. Such 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, legal incompetence, dissolution or other termination, the 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.
Appears in 1 contract
Samples: Limited Partnership Agreement (LEAF Equipment Finance Fund 4, L.P.)
Withdrawal of a Limited Partner. Subject to compliance with this Agreement, a 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. Such 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, legal incompetence, dissolution or other termination, the 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.
Appears in 1 contract
Samples: Limited Partnership Agreement (Lease Equity Appreciation Fund II, L.P.)
Withdrawal of a Limited Partner. Subject to compliance with this Agreement, a Limited Partner may withdraw from the Partnership only by assigning or otherwise transferring his or its Interest as specified in this Section 10. 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, legal incompetence, dissolution or other termination, the 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: Agreement of Limited Partnership (Krupp Cash Plus Ii LTD Partnership)