Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 70 contracts
Samples: Limited Partnership Agreement (Resource Real Estate Opportunity REIT, Inc.), Limited Partnership Agreement (Strategic Student & Senior Housing Trust, Inc.), Limited Partnership Agreement (Strategic Storage Trust IV, Inc.)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a the sole remaining General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, deemed removal or dissolution of a the sole remaining General Partner (except that, if a the sole remaining 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 23 contracts
Samples: Limited Partnership Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Limited Partnership Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Assignment and Assumption Agreement (Industrial Property Trust Inc.)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event the Bankruptcy of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnershippartnership or limited liability company, the withdrawal, death, dissolution, Event of Bankruptcy as to, or removal of a partner or member in, such partnership or limited liability company shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner partner(s) or partnersmember(s), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b6.03(b) hereof. The merger of the a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 6.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 23 contracts
Samples: Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a7.04(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b7.03(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 7.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 16 contracts
Samples: Agreement (Columbia Property Trust Operating Partnership, L.P.), Agreement (Wells Real Estate Investment Trust Ii Inc), Agreement (Wells Real Estate Investment Trust Ii Inc)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a7.04(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is 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 such General Partner if the business of such General Partner is continued by the remaining partner or partnerspartners thereof), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b7.03(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 7.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 15 contracts
Samples: Agreement (Behringer Harvard Reit I Inc), Third Amended and Restated Agreement (Behringer Harvard Reit I Inc), Amended and Restated Agreement (Adaptive Real Estate Income Trust, Inc.)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Operating Partnership shall be dissolved and terminated unless the Operating Partnership is continued pursuant to Section 7.3(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 11 contracts
Samples: Limited Partnership Agreement (CNL Macquarie Global Growth Trust, Inc.), Limited Partnership Agreement (Macquarie CNL Global Income Trust, Inc.), Limited Partnership Agreement (CNL Diversified Lifestyle Properties, Inc.)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, deemed removal or dissolution of a General Partner (except that, if a 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 9 contracts
Samples: Limited Partnership Agreement (Hines Global REIT, Inc.), Limited Partnership Agreement (HGR Liquidating Trust), Limited Partnership Agreement (Hines Global REIT, Inc.)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof)) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is 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 such General Partner if the business of such General Partner is continued by the remaining partner or partnerspartners thereof), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof). The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 8 contracts
Samples: Agreement (Cole Credit Property Trust Iv, Inc.), Agreement (United Development Funding IV), Cole Corporate Income Trust, Inc.
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b7.03(b) hereof. The merger of the a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 7.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 7 contracts
Samples: MHI Hospitality CORP, Eagle Hospitality Properties Trust, Inc., MHI Hospitality CORP
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof)) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is 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 an Event of Bankruptcy or dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partnerspartners thereof), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof). The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 5 contracts
Samples: Agreement (Cole Office & Industrial REIT (CCIT II), Inc.), Agreement (Cole Credit Property Trust V, Inc.), Cole Credit Property Trust V, Inc.
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a7.04(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to, to or removal of a partner in, in such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b7.03(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 7.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 4 contracts
Samples: UDR, Inc., United Dominion Realty L P, United Dominion Realty Trust Inc
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof7.04(a)) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is 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 such General Partner if the business of such General Partner is continued by the remaining partner or partnerspartners thereof), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof7.03(b). The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof 7.02 shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 3 contracts
Samples: Agreement of Limited Partnership (Cole Credit Property Trust Inc), Cole Credit Property Trust II Inc, Cole Credit Property Trust II Inc
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof)) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof). The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.), Limited Partnership Agreement (Passco Apartment REIT, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof7.04(a)) or the deathdissolution, withdrawaltermination, removal or dissolution withdrawal of a General Partner (except that, if a General Partner is is, on the date of such occurrence occurrence, a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to, or removal dissolution of a partner in, in such partnership shall be deemed not to be a an Event of Bankruptcy or dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partnerspartners thereof), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof7.03(b). The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof 7.02 shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 2 contracts
Samples: Uniti Group Inc., Uniti Group Inc.
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof)) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is is, on the date of such occurrence 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 an Event of Bankruptcy or dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partnerspartners thereof), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof). The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 2 contracts
Samples: Cole Office & Industrial REIT (CCIT III), Inc., Cole Office & Industrial REIT (CCIT III), Inc.
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon ww)Upon the occurrence of an Event of Bankruptcy as to a the sole remaining General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, deemed removal or dissolution of a the sole remaining General Partner (except that, if a the sole remaining 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 such General Partner if the business of such General Partner is β continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 2 contracts
Samples: Limited Partnership Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.), Limited Partnership Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) 8.3.1 Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof8.4.1) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof8.3.2. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof 8.2 shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.), Lodging Fund REIT III, Inc.
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 not be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b7.03(b) hereof. The merger of the a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 7.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: Asset Capital Corporation, Inc.
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a8.04(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b8.03(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 8.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 Partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Americold Realty Trust)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnershippartnership or limited liability company, the withdrawal, death, dissolution, Event of Bankruptcy as to, or removal of a partner in, in or member of such partnership or limited liability company shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner partners or partnersmembers), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof. The merger or consolidation of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (ExchangeRight Income Fund)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, that if a General Partner is is, on the date of such occurrence occurrence, a partnership, the withdrawal, death, dissolution, dissolution or Event of Bankruptcy as to, or removal of a partner in, such partnership shall be deemed not to be a dissolution or withdrawal of such General Partner if the business of such General Partner is continued by the remaining partner or partners) (any of the foregoing events and occurrences being referred to as an "Event of Withdrawal" as to such General Partner), the Partnership shall be dissolved and terminated as provided in Article XII, unless the Partnership is continued pursuant to Section 7.3(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: Agreement (Timberland Growth Corp)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event the Bankruptcy of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnershippartnership or limited liability company, the withdrawal, death, dissolution, Event of Bankruptcy as to, or removal of a partner or member in, such partnership or limited liability company shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner partners) or partnersmembers), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b6.03(b) hereof. The merger of the a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 6.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: MPT of West Anaheim, LLC
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a7.04(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b7.03(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 7.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: RFS Hotel Investors Inc
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) 7.3.1 Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof7.4.1) or the death, withdrawal, removal or dissolution (without reconstitution) of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolutiondissolution (without reconstitution), Event of Bankruptcy as to, or removal of a partner in, such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof7.3.2. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Lodging Fund REIT III, Inc.)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof7.04(a)) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnership, the withdrawal, death, dissolution, Event of Bankruptcy as to, to or removal of a partner in, in such partnership shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof7.03(b). The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof 7.02 shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event the Bankruptcy of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnershippartnership or limited liability company, the withdrawal, death, dissolution, Event of Bankruptcy as to, or removal of a partner or member in, such partnership or limited liability company shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner partners) or partnersmember(s), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b6.03(b) hereof. The merger of the a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 6.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: MPT of West Anaheim, LLC
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) a. Upon the occurrence of an Event of Bankruptcy as to a the sole remaining General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, deemed removal or dissolution of a the sole remaining General Partner (except that, if a the sole remaining 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b) hereof. The merger of the General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Hines Global Income Trust, Inc.)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event the Bankruptcy of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is is, on the date of such occurrence occurrence, a partnershippartnership or limited liability company, the withdrawal, death, dissolution, Event of Bankruptcy as to, or removal of of, a partner in, or member in such partnership or limited liability company shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner partner(s) or partnersmember(s)), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b6.03(b) hereof. The merger of the a General Partner with or into any entity that is admitted as a substitute or successor General Partner Partner, pursuant to Section 7.2 hereof 6.02 hereof, shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: Agreement (MPT of West Anaheim, LLC)
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a 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 such General Partner if the business of such General Partner is continued by the remaining partner or partners), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b7.03(b) hereof. The merger of the a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.to
Appears in 1 contract
Samples: Highland Hospitality Corp
Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner. (a) Upon the occurrence of an Event the Bankruptcy of Bankruptcy as to a General Partner (and its removal pursuant to Section 7.4(a) hereof) or the death, withdrawal, removal or dissolution of a General Partner (except that, if a General Partner is on the date of such occurrence a partnershippartnership or limited liability company, the withdrawal, death, dissolution, Event of Bankruptcy as to, or removal of a partner or member in, ; such partnership or limited liability company shall be deemed not to be a dissolution of such General Partner if the business of such General Partner is continued by the remaining partner partner(s) or partnersmember(s), the Partnership shall be dissolved and terminated unless the Partnership is continued pursuant to Section 7.3(b6.03(b) hereof. The merger of the a General Partner with or into any entity that is admitted as a substitute or successor General Partner pursuant to Section 7.2 6.02 hereof shall not be deemed to be the withdrawal, dissolution or removal of the General Partner.
Appears in 1 contract
Samples: Agreement (MPT of West Anaheim, LLC)
