Common use of WITHDRAWAL OR REMOVAL OF THE GENERAL PARTNER Clause in Contracts

WITHDRAWAL OR REMOVAL OF THE GENERAL PARTNER. 14.1 Withdrawal or Removal of the General Partner. The General Partner shall be deemed to have withdrawn from the Partnership upon the occurrence of any one of the following events listed in this Section 14.1 (each such event herein referred to as an "Event of Withdrawal"); 14.1.1 The General Partner voluntarily withdraws from the Partnership by giving written notice to the other Partners. 14.1.2 The General Partner transfers all of its rights as General Partner pursuant to Section 12.2 hereof. 14.1.3 The General Partner is removed pursuant to Section 14.3 hereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Kaneb Pipe Line Partners L P)

AutoNDA by SimpleDocs

WITHDRAWAL OR REMOVAL OF THE GENERAL PARTNER. 14.1 Withdrawal or Removal of the General Partner. The General Partner shall be deemed to have withdrawn from the Partnership upon the occurrence of any one of the following events listed in this Section 14.1 (each such event herein referred to as an "?Event of Withdrawal"?); 14.1.1 The General Partner voluntarily withdraws from the Partnership by giving written notice to the other Partners. 14.1.2 The General Partner transfers all of its rights as General Partner pursuant to Section 12.2 hereof. 14.1.3 The General Partner is removed pursuant to Section 14.3 hereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Kaneb Pipe Line Partners L P)

AutoNDA by SimpleDocs

WITHDRAWAL OR REMOVAL OF THE GENERAL PARTNER. 14.1 12.1. Withdrawal or Removal of the General Partner. The General Partner shall be deemed to have withdrawn from the Partnership upon the occurrence of any one of the following events listed in this Section 14.1 (each such event herein referred to as an "Event of Withdrawal");): 14.1.1 12.1.1. The General Partner voluntarily withdraws from the Partnership by giving written notice to the other Partners. 14.1.2 12.1.2. The General Partner transfers all of its rights as General Partner pursuant to Section 12.2 10.2 hereof. 14.1.3 12.1.3. The General Partner is removed pursuant to Section 14.3 12.3 hereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Kaneb Pipe Line Operating Partnership Lp)

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