Common use of Withdrawal of General Partner Clause in Contracts

Withdrawal of General Partner. The withdrawal of any person as a General Partner for any reason does not constitute a breach of this Agreement. The withdrawing General Partner then becomes a Limited Partner and will retain the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. "

Withdrawal of General Partner. (a) The withdrawal of any person General Partner may not Withdraw (other than as a result of an Involuntary Withdrawal) without the Consent of the Special Limited Partner. Withdrawal shall be conditioned upon the agreement of the Special Limited Partner to be admitted as a successor General Partner, or if the Special Limited Partner for any reason does not constitute declines to be admitted as a breach of this Agreement. The withdrawing successor General Partner then becomes a Limited Partner and will retain on the economic interest (previously held agreement of one or more Persons who satisfy the requirements of Section 13.5 of this Agreement to be admitted as a General Partner) as a Limited Partner. If after the withdrawal, there remains other successor General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. ".

Withdrawal of General Partner. The withdrawal of any person as a General Partner for any reason does may not constitute withdraw from the Partnership without the consent of a breach Majority Interest of this Agreementthe Limited Partners. The withdrawing General Partner then becomes a Limited Partner and will retain the economic interest (previously held Upon withdrawal as a General Partner) , the interest of the former General Partner shall be treated thenceforth as the interest of a Limited Partner. If after Partner in the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. "manner provided in Section 12.2.

Withdrawal of General Partner. The withdrawal of any person General Partner may withdraw as a General Partner for of the Partnership without the consent of any reason does not constitute a breach of this AgreementPerson upon notice to the Limited Partners. The withdrawing Any such withdrawal by the General Partner then becomes a Limited Partner and will retain shall result in the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business dissolution of the Limited Partnership. "; provided that the General Partner may admit additional general partners of the Partnership or successor general partners of the Partnership, which additional or successor general partners may be affiliated with the General Partner or, subject to applicable law, may be unaffiliated third parties, and in such case the withdrawal by the General Partner shall not result in the dissolution of the Partnership.

Withdrawal of General Partner. The withdrawal of any person as a General Partner for any reason does not constitute a breach of this Agreement. The withdrawing General Partner then becomes a Limited Partner and will retain the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. "“

Withdrawal of General Partner. The withdrawal of any person as a General Partner for any reason does not constitute a breach of this Agreement. The withdrawing General Partner then becomes a Limited Partner , and will retain the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s)Partners, these General Partner(s) Partners will continue the business of the Limited Partnership. "“

Withdrawal of General Partner. The withdrawal of any person as a General Partner for any reason does not constitute a breach of this Agreement. The withdrawing General Partner then becomes a Limited Partner and will retain the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. ".

Withdrawal of General Partner. The withdrawal of any person (a) A General Partner may not withdraw as a General Partner for any reason does not constitute general partner of the Partnership or otherwise cease to be a breach general partner of this Agreement. The withdrawing General Partner then becomes a Limited Partner and will retain the economic interest Partnership except as provided in Section 10.2 (previously held as relating to the Permitted Transfer of all of a General Partner’s General Partnership Interest) as or Section 12.2 (relating to removal of a Limited General Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. ".

Withdrawal of General Partner. The withdrawal General Partner may withdraw from the Partnership only upon a transfer of any person all of such General Partner's Partnership Interest as a General Partner for in accordance with Section 9. The General Partner shall have no liability to the Partnership or the Partners on account of any reason does not constitute a breach withdrawal in accordance with the terms of this Agreement. The withdrawing General Partner then becomes a Limited Partner and will retain the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. "Section 10.3.

Withdrawal of General Partner. The withdrawal of any person as a General Partner for any reason does not constitute a breach of this Agreement. The withdrawing General Partner then becomes a Limited Partner Partner, and will retain the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. "

Withdrawal of General Partner. The withdrawal General Partner may withdraw from the Partnership only upon a transfer of any person all of such General Partner’s Partnership Interest as a General Partner for in accordance with Section 10. The General Partner shall have no liability to the Partnership or the Partners on account of any reason does not constitute a breach withdrawal in accordance with the terms of this Agreement. The withdrawing General Partner then becomes a Limited Partner and will retain the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. "Section 11.3.

Withdrawal of General Partner. The withdrawal of any person as a General Partner for any reason does not constitute a breach of this Agreement. The withdrawing General Partner then becomes a Limited Partner and will retain the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. "the

Withdrawal of General Partner. The withdrawal A General Partner ceases to be a general partner of the Partnership upon the happening of any person as a of the events of withdrawal described in Section 17-402 of the Act. Upon the happening of any of the foregoing events, then the General Partnership Units of such General Partner for any reason does not constitute a breach of this Agreement. The withdrawing shall become Limited Partnership Units and such General Partner then becomes shall become a Limited Partner and will retain the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. ".

Withdrawal of General Partner. The withdrawal of any person as a General Partner for any reason does not constitute a breach of this Agreement. The withdrawing General Partner then becomes a Limited Partner and will retain the economic interest (previously held as a General Partner) as a Limited Partner. If after the withdrawal, there remains other General Partner(s), these General Partner(s) will continue the business of the Limited Partnership. ".