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 Units in a transfer permitted by the Securityholders Agreement or Executive Agreements, 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: Partnership Agreement (Anthony Crane Sales & Leasing Lp), Partnership Agreement (Anthony Crane Holdings Capital Corp)

AutoNDA by SimpleDocs

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 Units in a transfer permitted by the Securityholders Agreement or Executive AgreementsPercentage 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: Partnership Agreement (Anthony Crane Sales & Leasing Lp), Partnership Agreement (Anthony Crane Holdings Capital Corp)

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 Units in a transfer permitted by the Securityholders Agreement or Executive Agreementsdescribed 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: 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 Units in a transfer permitted by the Securityholders Agreement or Executive Agreements, 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: 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 Units in a transfer permitted by the Securityholders Investors Agreement or in accordance with such Limited Partner's Executive AgreementsAgreement, 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: TWP Capital Corp

AutoNDA by SimpleDocs

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 Units in a transfer permitted by the Securityholders Investors Agreement or Executive Agreementsin 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: Transwestern Holdings Lp

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 Units in a transfer permitted by the Securityholders Agreement or Executive AgreementsPartnership 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: 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 Transfer of all of a Limited Partner's Units ’s Partnership Interest in a transfer permitted by the Securityholders Agreement or Executive AgreementsTransfer 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: Infor, Inc.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!