Common use of Election to Continue the Partnership Clause in Contracts

Election to Continue the Partnership. Following a Liquidating Event described in Section 11.1(b)(i) or (v) hereof, the business of the Partnership shall be continued with the Partnership properties and assets, and such properties and assets shall not be liquidated, provided the Partnership is continued as set forth in this Section 11.1(c). If the Partnership is so dissolved, the Partnership and its business shall be continued pursuant to this Section 11.1(c) if, within 90 days after the occurrence of such Liquidating Event, a Majority in Interest of the remaining Partners elect to continue the Partnership and elect a Person to be admitted to the Partnership as successor General Partner. Upon the satisfaction of all conditions necessary to the continuation of the Partnership, including the admission of a successor General Partner and the amendment of the Partnership's Certificate (if required by applicable law), the Partnership shall be continued without any further Approval of any Partner, in which case the Partnership shall continue to conduct the business of the Partnership with the Partnership's properties and assets in accordance with, and the Partnership and interests of the Partners shall continue to be governed by, the terms and provisions of this Agreement.

Election to Continue the Partnership. Following a Liquidating Event described in Section 11.1(b)(i9.1(b)(ii) or (vvii) hereof, the business of the Partnership shall be continued with the Partnership properties and assets, and such properties and assets shall not be liquidated, provided the Partnership is continued as set forth in this Section 11.1(c9.1(c). If the Partnership is so dissolved, the Partnership and its business shall be continued pursuant to this Section 11.1(c9.1(c) if, within 90 days after the occurrence of such Liquidating Event, a Majority in Interest of the remaining Partners elect to continue the Partnership and elect a Person person or legal entity to be admitted to the Partnership as successor General Partner. Upon the satisfaction of all conditions necessary to the continuation of the Partnership, including the admission of a successor General Partner and the amendment of the Partnership's Certificate (if required by applicable law), the Partnership shall be continued without any further Approval of any Partner, in which case the Partnership shall continue to conduct the business of the Partnership with the Partnership's properties and assets in accordance with, and the Partnership and interests of the Partners shall continue to be governed by, the terms and provisions of this Agreement.

Election to Continue the Partnership. Following a Liquidating Event described in Section 11.1(b)(i9.1(b)(i) or (v) hereof, the business of the Partnership shall be continued with the Partnership properties and assets, and such properties and assets shall not be liquidated, provided the Partnership is continued as set forth in this Section 11.1(c9.1(c). If the Partnership is so dissolved, the The Partnership and its business shall be continued pursuant to this Section 11.1(c9.1(c) if, within 90 days after the occurrence of such Liquidating Event, a Majority in Interest of the remaining Partners elect to continue the Partnership and elect a Person to be admitted admitted, effective as of the date of the Liquidating Event, to the Partnership as successor General Partner. Upon the satisfaction of all conditions necessary to the continuation of the Partnership, including the admission of a successor General Partner and the amendment of the Partnership's Certificate (if required by applicable law), the Partnership shall be continued without any further Approval of any Partner, in which case the Partnership shall continue to conduct the business of the Partnership with the Partnership's properties and assets in accordance with, and the Partnership and interests of the Partners shall continue to be governed by, the terms and provisions of this Agreement.

Election to Continue the Partnership. Following a Liquidating Event described in Section 11.1(b)(i) or (v) hereof, the business of the Partnership shall be continued with the Partnership properties and assets, and such properties and assets shall not be liquidated, provided the Partnership is continued as set forth in this Section 11.1(c)) or, in the case of removal of the General Partner by vote of the Common Limited Partners, as set forth in Section 8.9. If the Partnership is so dissolved, the The Partnership and its business shall be continued pursuant to this Section 11.1(c) if, within 90 days after the occurrence of such Liquidating Event, a Majority in Interest of the remaining Partners elect to continue the Partnership and elect a Person to be admitted admitted, effective as of the date of the Liquidating Event, to the Partnership as successor General Partner. Upon the satisfaction of all conditions necessary to the continuation of the Partnership, including the admission of a successor General Partner and the amendment of the Partnership's Certificate (if required by applicable law), the Partnership shall be continued without any further Approval of any Partner, in which case the Partnership shall continue to conduct the business of the Partnership with the Partnership's properties and assets in accordance with, and the Partnership and interests of the Partners shall continue to be governed by, the terms and provisions of this Agreement.