Common use of Withdrawal of Partners Clause in Contracts

Withdrawal of Partners. The General Partner shall not at any time retire or withdraw from the Partnership except as otherwise permitted hereunder. If the General Partner retires or withdraws in contravention of this Section 13.1, it shall indemnify, defend and hold harmless the Partnership and the other Partners from and against any losses, expenses, judgments, fines, settlements or damages suffered or incurred by the Partnership or such other Partners arising out of or resulting from such retirement or withdrawal.

Appears in 18 contracts

Samples: Agreement of Limited Partnership (Merrill Lynch Preferred Capital Trust Ii), Agreement of Limited Partnership (Enron Capital Trust Ii), Limited Partnership Agreement (Txu Europe Funding I L P)

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Withdrawal of Partners. The General Partner shall not at any time retire or withdraw from the Partnership except as otherwise permitted hereunder. If the General Partner retires or withdraws in contravention of this Section 13.111.1, it shall indemnify, defend and hold harmless the Partnership and the other Partners from and against any losses, expenses, judgments, fines, settlements or damages suffered or incurred by the Partnership or such other Partners arising out of or resulting from such retirement or withdrawal.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Entergy London Capital Lp), Limited Partnership Agreement (Entergy Power Uk PLC)

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Withdrawal of Partners. The General Partner shall not ---------------------- at any time retire or withdraw from the Partnership except as otherwise permitted hereunder. If the General Partner retires or withdraws in contravention of this Section 13.1, it shall indemnify, defend and hold harmless the Partnership and the other Partners from and against any losses, expenses, judgments, fines, settlements or damages suffered or incurred by the Partnership or such other Partners arising out of or resulting from such retirement or withdrawal.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Hawaiian Electric Industries Inc)

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