Examples of surviving partner in a sentence
Surviving Partner and the Partnership agree that the Partnership Agreement is hereby amended by substituting Schedule A attached hereto for the same Schedule currently attached to the Partnership Agreement.
The ------------------------------------------------- managing general partner of Associates LP, as of the Effective Date, shall be the managing general partner of the Surviving Partner.
Surviving Partner and the Partnership hereby agree that Surviving Partner’s execution of this Agreement shall be treated as Surviving Partner’s execution of a counterpart of the Partnership Agreement.
The Partnership approves and acknowledges the merger of Non-Surviving Partner into Surviving Partner and resulting transfer of Non-Surviving Partner’s Percentage Interest to Surviving Partner, accepts Surviving Partner as a substituted Partner in the Partnership, agrees to the assumption of liability by Surviving Partner, and releases Non-Surviving Partner from all future liability for Partnership debts.
Surviving Partner hereby makes the representations set forth in Section 9.1.4(v) of the Partnership Agreement to the Partnership and agrees to be bound by all of the terms and conditions of the Partnership Agreement, as amended by Section 4 hereof.