Common use of Withdrawal Clause in Contracts

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.05.

Appears in 34 contracts

Samples: Limited Partnership Agreement (Wcof, LLC), Limited Partnership Agreement, Exempted Limited Partnership Agreement (Apollo Global Management LLC)

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Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.058.09.

Appears in 30 contracts

Samples: Limited Partnership Agreement (Blackstone Group Inc), Limited Partnership Agreement (Blackstone Group Inc), Limited Partnership Agreement (Blackstone Group Inc)

Withdrawal. No Partner shall have may withdraw from the right to Partnership, provided that (a) a Limited Partner may withdraw as a Partner of from the Partnership other than following the Transfer of all Units owned by such Limited Partner in accordance with Article VIII; providedVIII and (b) subject to Section 8.8, however, that a new General Partner or substitute the General Partner may be admitted to withdraw without the Partnership in accordance with Section 8.05consent of any other Partner.

Appears in 17 contracts

Samples: Limited Partnership Agreement (Ares Management Corp), Limited Partnership Agreement (Ares Management Corp), Limited Partnership Agreement (Ares Management Lp)

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.05.

Appears in 11 contracts

Samples: Limited Partnership Agreement (PJT Partners Inc.), Limited Partnership Agreement (PJT Partners Inc.), Limited Partnership Agreement (Fifth Street Asset Management Inc.)

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.058.07.

Appears in 8 contracts

Samples: Limited Partnership Agreement (Oaktree Capital Group, LLC), Limited Partnership Agreement (Oaktree Capital Group, LLC), Limited Partnership Agreement (Oaktree Capital Group, LLC)

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner VIII or substitute General Partner may be admitted conversion of all their Units pursuant to the Partnership an Exchange Transaction in accordance with Section 8.05this Agreement.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Beneficient), Limited Partnership Agreement (Beneficient), Limited Partnership Agreement (GWG Holdings, Inc.)

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units or Interests owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.058.09.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Evercore Inc.), Limited Partnership Agreement (Evercore Partners Inc.), Limited Partnership Agreement (Evercore Partners Inc.)

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, provided that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.058.07.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Brookfield Oaktree Holdings, LLC), Limited Partnership Agreement (Oaktree Capital Group, LLC), Limited Partnership Agreement (Oaktree Capital Group, LLC)

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.058.8.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Aveon Group L.P.), Limited Partnership Agreement (Aveon Group L.P.), Limited Partnership Agreement (Aveon Group L.P.)

Withdrawal. No Except as provided in Section 2.10 and Section 2.11, no Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.05VII.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (KKR & Co. L.P.)

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.05VIII hereof.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Summit Materials, Inc.), Limited Partnership Agreement (Summit Materials, Inc.), Limited Partnership Agreement (Summit Materials, Inc.)

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Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner VIII or substitute General Partner may be admitted to the Partnership in accordance with Section 8.05Article XI.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Carlyle Group L.P.), Limited Partnership Agreement (Carlyle Group L.P.), Limited Partnership Agreement (Carlyle Group L.P.)

Withdrawal. No Except as provided in Section 2.10, no Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.05VII.

Appears in 2 contracts

Samples: Limited Partnership Agreement (KKR & Co. Inc.), Limited Partnership Agreement (KKR & Co. L.P.)

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.05.8.09. ARTICLE III

Appears in 2 contracts

Samples: Limited Partnership Agreement (Blackstone Group L.P.), Limited Partnership Agreement (Blackstone Group L.P.)

Withdrawal. No Except as provided in Section 2.10, no Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.05.

Appears in 1 contract

Samples: Limited Partnership Agreement (KKR & Co. L.P.)

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, provided that a new General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.05.8.07. ARTICLE III MANAGEMENT SECTION 3.01

Appears in 1 contract

Samples: Limited Partnership Agreement (Oaktree Capital Group, LLC)

Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new General Partner VIII or substitute General Partner may be admitted conversion of all their Units pursuant to the Partnership an Exchange Transaction in accordance with this Agreement. Section 8.052.10.

Appears in 1 contract

Samples: Partnership Agreement (GWG Holdings, Inc.)

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