Common use of Withdrawal or Resignation by a Limited Partner Clause in Contracts

Withdrawal or Resignation by a Limited Partner. (a) Subject to Section 4.4(b) below, so long as a Limited Partner continues to hold any Units, such Limited Partner shall not have the ability to withdraw or resign as a Limited Partner prior to the termination of the Series with which such Limited Partner is associated or the dissolution and winding-up of the Partnership and any such withdrawal, resignation, attempted withdrawal or attempted resignation by a Limited Partner prior to the termination of that Series or dissolution and winding-up of the Partnership shall be null and void. As soon as any Person who is a Limited Partner ceases to hold any Units, such Person shall cease to be a Limited Partner.

Withdrawal or Resignation by a Limited Partner. (a) Subject to Section 4.4(b) below, so So long as a Limited Partner continues to own or hold any Units, such Limited Partner shall not have the ability to withdraw or resign as a Limited Partner of the Partnership or of any Series prior to the termination of the Series with which such Limited Partner is associated or the dissolution and winding-winding up of the Partnership or termination of the applicable Series in which it holds Units and any such withdrawal, resignation, attempted withdrawal or attempted resignation by a Limited Partner prior to the termination of that Series or dissolution and winding-winding up of the Partnership or termination of the applicable Series shall be null and void. As soon as any Person who is a Limited Partner ceases to own or hold any LP Units or Series Units, such Person shall cease to no longer be a Limited PartnerPartner of the Partnership or of such Series, respectively.

Withdrawal or Resignation by a Limited Partner. (a) Subject to Section 4.4(b) below, so So long as a Limited Partner continues to own or hold any Units, such Limited Partner shall not have the ability to withdraw or resign as a Limited Partner of any Series prior to the termination of the Series with which such Limited Partner is associated or the dissolution and winding-winding up of the Partnership or termination of the applicable Series and any such withdrawal, resignation, attempted withdrawal or attempted resignation by a Limited Partner prior to the termination of that Series or dissolution and winding-winding up of the Partnership or termination of the applicable Series shall be null and void. As soon as any Person who is a Limited Partner ceases to own or hold any UnitsUnits of a Series, such Person shall cease to no longer be a Limited PartnerPartner of such Series.