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; provided, however, that when a transferee of a Limited Partner’s Common Units becomes a Record Holder of the Common Units so transferred, such transferring Limited Partner shall cease to be a Limited Partner with respect to the Common Units so transferred.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Suburban Propane Partners Lp), Limited Partnership Agreement (Suburban Propane Partners Lp)

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Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership; provided, however, that when a transferee of a Limited Partner’s 's Common Units becomes a Record Holder of the Common Units so transferred, such transferring Limited Partner shall cease to be a Limited Partner with respect to the Common Units so transferred.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Suburban Propane Partners Lp), Limited Partnership Agreement (Suburban Propane Partners Lp)

Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership; providedPROVIDED, howeverHOWEVER, that when a transferee of a Limited Partner’s Common 's Units becomes a Record Holder of the Common Units so transferredHolder, such transferring Limited Partner shall cease to be a Limited Partner with respect to the Common Units so transferred.

Appears in 1 contract

Samples: Limited Partnership Agreement (Enbridge Energy Partners Lp)

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Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership; provided, however, that when a transferee of a Limited Partner’s 's Common Units or Incentive Distribution Rights becomes a Record Holder of the Common Units or Incentive Distribution Rights so transferred, such transferring Limited Partner shall cease to be a Limited Partner with respect to the Common Units or Incentive Distribution Rights so transferred.

Appears in 1 contract

Samples: Limited Partnership Agreement (Suburban Propane Partners Lp)

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