Continuation of the Partnership After Dissolution. Upon (a) an Event of Withdrawal caused by the withdrawal or removal of the General Partner as provided in Section 11.1(a)(i) or (iii) and the failure of the Partners to select a successor to such Departing General Partner pursuant to Section 11.1 or 11.2, then within 90 days thereafter, or (b) an event constituting an Event of Withdrawal as defined in Section 11.1(a)(iv), (v) or (vi), then, to the maximum extent permitted by law, within 180 days thereafter, the holders of a Unit Majority may elect to continue the business of the Partnership on the same terms and conditions set forth in this Agreement by appointing, effective as of the date of the Event of Withdrawal, as the successor General Partner a Person approved by the holders of a Unit Majority. Unless such an election is made within the applicable time period as set forth above, the Partnership shall conduct only activities necessary to wind up its affairs. If such an election is so made, then:
Continuation of the Partnership After Dissolution. As contemplated by Sections 1.4 and 10.1, the Partnership shall continue after the expiration of the Term for purposes of Section 10.1(b). After dissolution of the Partnership, the Partnership shall engage in no activities other than those contemplated by Sections 10.1 and 13, and those reasonably necessary, convenient or incidental thereto.
Continuation of the Partnership After Dissolution. Upon (a) an Event of Withdrawal caused by the withdrawal or removal of the General Partner as provided in Sections 11.1(a)(i) or 11.1(a)(iii) and the failure of the Partners to select a successor to such Departing General Partner pursuant to Sections 11.1 or 11.2, then within 90 days thereafter, or (b) an event constituting an Event of Withdrawal as defined in Sections 11.1(a)(iv), 11.1(a)(v) or 11.1(a)(vi), then, to the maximum extent permitted by law, within 180 days thereafter, a Unit Majority may elect to continue the Partnership on the same terms and conditions set forth in this Agreement by appointing, effective as of the Event of Withdrawal, as the successor General Partner a Person approved by the holders of a Unit Majority. Unless such an election is made within the applicable time period as set forth above, the Partnership shall conduct only activities necessary to wind up its affairs. If such an election is so made, then:
Continuation of the Partnership After Dissolution. As contemplated by Sections 1.4 and 10.1, the Partnership shall continue after the expiration of the Term for purposes of Section 10.1(b). After dissolution of the Partnership, the Partnership shall engage in no activities other than those contemplated by Sections 10.1 and 13, and those reasonably necessary, convenient or incidental thereto. M&M Capital Professionals Fund, L.P. Second Amended and Restated L.P. Agreement
