Common use of Withdrawal of All General Partners Clause in Contracts

Withdrawal of All General Partners. If, following the Withdrawal of a General Partner, there is no remaining General Partner, the Investment Limited Partner and the Special Limited Partner may elect to reconstitute the Partnership and continue the business of the Partnership for the balance of the term specified in Section 2.4 by selecting a successor General Partner. If the Investment Limited Partner and the Special Limited Partner elect to reconstitute the Partnership pursuant to this Section 7.3 and admit the designated successor General Partner, the relationship among the then Partners shall be governed by this Agreement.

Appears in 16 contracts

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Certificate and Agreement of Limited Partnership (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

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Withdrawal of All General Partners. If, following the Withdrawal withdrawal of a General Partner, there is no remaining General Partner, the Investment Limited Partner and the Special Limited Partner may elect to reconstitute the Partnership and continue the business of the Partnership for the balance of the term specified in Section 2.4 by selecting a successor General Partner. If the Investment Limited Partner and the Special Limited Partner elect to reconstitute the Partnership pursuant to this Section 7.3 7.2 and admit the designated successor General Partner, the relationship among the then Partners shall be governed by this Agreement.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Withdrawal of All General Partners. If, following the Withdrawal of a General Partner, there is no remaining General Partner, the Investment Limited Partner and the Special Limited Partner Partners may elect to reconstitute the Partnership and continue the business of the Partnership for the balance of the term specified in Section 2.4 by selecting a successor General Partner. If the Investment Limited Partner and the Special Limited Partner Partners elect to reconstitute the Partnership pursuant to this Section 7.3 and admit the designated successor General Partner, the relationship among the then Partners shall be governed by this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Withdrawal of All General Partners. If, following the Withdrawal of a General Partner, there is no remaining General Partner, the Investment Limited Partner and the Special Limited Partner may elect to reconstitute the Partnership and continue the business of the Partnership for the balance of the term specified in Section 2.4 by selecting a successor General Partner. If the Investment Limited Partner and the Special Limited Partner elect to reconstitute the Partnership pursuant to this Section 7.3 and admit the designated successor General Partner, the relationship among the then Partners shall be governed by this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Withdrawal of All General Partners. If, following the Withdrawal of a General Partner, there is no remaining General Partner, the Investment Limited Partner and the Special Limited Partner may elect elect, within ninety (90) days after the event of the Withdrawal of the sole General Partner, to reconstitute the Partnership and continue the business of the Partnership for the balance of the term specified in Section 2.4 by selecting a successor General Partner. If the Investment Limited Partner and the Special Limited Partner elect to reconstitute the Partnership pursuant to this Section 7.3 and admit the designated successor General Partner, the relationship among the then Partners shall be governed by this Agreement.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Boston Capital Tax Credit Fund Iv Lp)

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Withdrawal of All General Partners. If, following the Withdrawal of a General Partner, there is no remaining General Partner, the Investment Limited Partner and and/or the Special Limited Partner may elect to reconstitute the Partnership and continue the business of the Partnership for the balance of the term specified in Section 2.4 by selecting a successor General Partner. If the Investment Limited Partner and and/or the Special Limited Partner elect elects to reconstitute the Partnership pursuant to this Section 7.3 and admit the designated successor General Partner, the relationship among the then Partners shall be governed by this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Withdrawal of All General Partners. If, following the Withdrawal of a General Partner, there is no remaining General Partner, the Investment Limited Partner and the Special Limited Partner Partner, subject to the provisions of the Uniform Act, may elect to reconstitute the Partnership and continue the business of the Partnership for the balance of the term specified in Section 2.4 by selecting a successor General Partner. If the Investment Limited Partner and the Special Limited Partner elect to reconstitute the Partnership pursuant to this Section 7.3 and admit the designated successor General Partner, the relationship among the then Partners shall be governed by this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Withdrawal of All General Partners. If, following the Withdrawal of a General Partner, there is no remaining General Partner, the Investment Limited Partner and the Special Limited Partner Partners may elect to reconstitute the Partnership and continue the business of the Partnership for the balance of the term specified in Section 2.4 by selecting a successor General Partner. If the Investment Limited Partner and the Special Limited Partner Partners elect to reconstitute the Partnership pursuant pur- suant to this Section 7.3 and admit the designated successor General Partner, the relationship among the then Partners shall be governed by this Agreement.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Boston Capital Tax Credit Fund Iv Lp)

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