Removal of General Partner. (a) The Special Limited Partner or the Limited Partner, or both of them, may remove the General Partner for cause if such General Partner, its officers or directors, if applicable, has:
Removal of General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to, or the dissolution of, the General Partner, the General Partner shall be deemed to be removed automatically; provided, however, that if the General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to or removal of a partner in such partnership shall be deemed not to be a dissolution of the General Partner if the business of the General Partner is continued by the remaining partner or partners. The Limited Partners may not remove the General Partner, with or without cause.
Removal of General Partner. Any General Partner may be removed by the vote or written consent of Partners holding not less than 80% of the total number of votes eligible to be cast by all Partners.
Removal of General Partner. A. Subject to Section 12.3, upon the Consent of the Depositary, which shall be given if the Consent of Unit Holders owning more than 50% of the outstanding Depositary Units is obtained, the power shall be vested in the Depositary to (a) remove the General Partner and (b) cause the General Partner, on behalf of the Limited Partnership, to Remove the Managing Partner.
Removal of General Partner. In the event that the General Partner is removed as general partner of Gatherer pursuant to Section 11.2 of the Partnership Agreement under circumstances where cause (as such term is defined in Section 1.1 of the Partnership Agreement) for such removal does not exist and the General Partner does not consent to that removal, then Shipper and Affiliates shall have no obligation under this Agreement with respect to xxxxx drilled by Shipper on or after the effective date of such removal.
Removal of General Partner. The General Partner may not be removed by the Limited Partners.
Removal of General Partner. The Limited Partner shall have no right, power, or authority to remove the General Partner.
Removal of General Partner. The General Partner may be removed as the General Partner in accordance with Section 11.1 hereof.
Removal of General Partner. A. Subject to Section 12.3, the Unit Holders owning more than 50% of the outstanding Units, shall have the authority to, and shall, remove the General Partner.
Removal of General Partner. The General Partner may be removed upon the affirmative vote of a majority of the Units held by the Limited Partners. Any such action by the Limited Partners for removal of the General Partner shall be subject to (i) payment of the value of the removed General Partner’s Capital Account and (ii) the election of a successor General Partner as provided in Section 9.2. Such removal shall be effective subsequent to the admission of the successor General Partner pursuant to Section 8.8. The right of the Limited Partners to remove the General Partner pursuant to this Section 9.1 shall not exist or be exercised unless the Partnership has received an opinion of counsel that the removal of such General Partner and the selection of a successor General Partner would not result in the loss of limited liability of the Limited Partners or cause the Partnership to be treated as an association taxable as a corporation for federal income tax purposes.
