Common use of Effective Date of Withdrawal Clause in Contracts

Effective Date of Withdrawal. Unless otherwise specified herein, the effective date of a Partner’s withdrawal or distribution shall mean the close of business on: (a) the applicable Withdrawal Date, in the case of a withdrawal pursuant to Section 5.02(a), or (b) the date determined by the General Partner if such Partner shall be required to withdraw from the Onshore Partnership pursuant to Section 5.03 or is given a distribution pursuant to Section 5.05(a) or Section 5.05(b).

Effective Date of Withdrawal. Unless otherwise specified hereinin this Agreement, the effective date of a Partner’s 's withdrawal or distribution shall mean the close of business onday immediately following: (ai) the applicable Withdrawal Date, Date in the case of a withdrawal pursuant to Section 5.02(a6.02(a), ; (ii) the date determined by the General Partner pursuant to Section 6.07(c) if a suspension of withdrawal rights has been lifted; or (biii) the date determined by the General Partner if such Partner shall be required to withdraw from the Onshore Partnership pursuant to Section 5.03 or is given a distribution pursuant to Section 5.05(a) or Section 5.05(b).6.03. -28-

Effective Date of Withdrawal. Unless otherwise specified herein, the effective date of a Partner’s 's withdrawal or distribution shall mean the close of business on: day immediately following (ai) the applicable Withdrawal Date, Date in the case of a withdrawal pursuant to Section 5.02(a)4.02, or (bii) the date determined by the General Partner Partner, in its sole and absolute discretion, if such Limited Partner shall be required to withdraw from the Onshore Partnership pursuant to Section 5.03 or is given a distribution pursuant to Section 5.05(a) or Section 5.05(b)4.03.