Common use of Interest of Departing General Partner and Successor General Partner Clause in Contracts

Interest of Departing General Partner and Successor General Partner. (a) In the event of (i) withdrawal of the General Partner under circumstances where such withdrawal does not violate this Agreement or

Appears in 13 contracts

Samples: Agreement, Agreement, Agreement

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Interest of Departing General Partner and Successor General Partner. (a) In the event of (i) the withdrawal of the a General Partner under circumstances where such withdrawal does not violate this Agreement oror (ii) the removal of the General Partner by the Unitholders under circumstances where Cause does not exist, if a successor General Partner is elected in accordance with the terms of Sections 11.1 or 11.2, the Departing General Partner shall have the option exercisable prior to the effective date of the withdrawal or removal of such Departing General Partner to require its successor to purchase (x) its General Partner Interest and

Appears in 3 contracts

Samples: Agreement, Agreement, www.steelpartners.com

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Interest of Departing General Partner and Successor General Partner. (a) In the event of (i) withdrawal of the General Partner under circumstances where such withdrawal does not violate this Agreement oror (ii) removal of the General Partner by the holders of Outstanding Units under circumstances where Cause does not exist, if the successor General Partner is elected in accordance with the terms of Section 11.1 or Section

Appears in 1 contract

Samples: EQGP Holdings, LP

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