Common use of Withdrawal of Limited Partners Clause in Contracts

Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner. Upon a transfer of all of a Limited Partner's Percentage Interests, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Anthony Crane Holdings Capital Corp), Limited Partnership Agreement (Anthony Crane Sales & Leasing Lp)

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Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner. Upon a transfer of all of a Limited Partner's Percentage InterestsUnits in a transfer permitted by the Securityholders Agreement or Executive Agreements, such Limited Partner shall cease to be a Limited Partner; provided that -------- that ---- the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Anthony Crane Holdings Capital Corp), Limited Partnership Agreement (Anthony Crane Sales & Leasing Lp)

Withdrawal of Limited Partners. No Except as provided in Sections 5.10 and 10.3(c), no Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner. Upon a transfer of all of a Limited Partner's Percentage InterestsUnits in a transfer described in Section 10.3, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in this Agreement or in the Certificate of Limited Partnership or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Board of Trade of the City of Chicago Inc)

Withdrawal of Limited Partners. No Except upon transfer of a Limited Partner's entire -14- Limited Partner interest in the Partnership and the admission of the transferee as a substituted Limited Partner in compliance with the terms hereof, no Limited Partner shall have any the right to withdraw from the Partnership without except with the prior written consent of the General Partner. Upon a transfer of all of a Limited Partner's Percentage Interests, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership or (b) any obligation of such transferor to contribute cash or other property to the PartnershipPartners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Brooks Pharmacy, Inc.)

Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner. Upon a transfer of all of a Limited Partner's Percentage InterestsUnits in a transfer permitted by the Investors Agreement or in accordance with such Limited Partner's Unit Purchase Agreement, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership Partnership, or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Transwestern Holdings Lp)

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Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner, which consent the General Partner may withhold at its discretion. Upon a transfer of all of a Limited Partner's Percentage InterestsPartnership Interest, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership Partnership, or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Bki Asset Management Corp)

Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner. Upon a transfer of all of a Limited Partner's Percentage InterestsUnits in a transfer permitted by the Investors Agreement or in accordance with such Limited Partner's Executive Agreement, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership Partnership, or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (TWP Capital Corp)

Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner. Upon a transfer Transfer of all of a Limited Partner's Percentage Interests’s Partnership Interest in a Transfer described in Article XI, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership Partnership, or (b) any obligation of such transferor to contribute cash or other property to the Partnership. For the avoidance of doubt, Investor Limited Partners may not be removed as Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Infor, Inc.)

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