Examples of Prior General Partner in a sentence
On or about August 4, 2015, the Prior General Partner withdrew as the general partner of the Partnership and the General Partner was admitted and substituted as the general partner of the Partnership.
On the resignation, removal or withdrawal of the Prior General Partner, the Partnership will release and hold harmless the Prior General Partner from any costs, expenses, damages or liabilities suffered or incurred by the Prior General Partner as a result of or arising out of events which occur in relation to the Partnership after such resignation, removal or withdrawal; provided that the Prior General Partner will not be released from its obligations under Section 4.9.
On the resignation, withdrawal or removal of the Prior General Partner and the admission of a new general partner, the Prior General Partner will, at the cost of the Partnership, transfer title to the Partnership’s property held in the General Partner’s name, if any, to such new general partner and will execute and deliver all deeds, certificates, declarations and other documents necessary or desirable to effect such transfer in a timely fashion.
ADMISSIONS OF PARTNERS 27 Section 8.1 Transfer by General Partner 27 Section 8.2 Obligations of a Prior General Partner 27 Section 8.3 Successor General Partner 27 Section 8.4 Restrictions on Transfer and Withdrawal by Limited Partner.
By its execution of this Agreement, the Prior General Partner consents to the amendment of the Original Agreement, and, in connection therewith, ETRN and the Partnership acknowledge and consent to the succession of the General Partner to the Prior General Partner’s rights and duties under the Original Agreement, as modified herein.