Common use of Liability of a Withdrawn General Partner Clause in Contracts

Liability of a Withdrawn General Partner. Any General Partner who shall voluntarily or involuntarily for any reason (including Incapacity) withdraw, resign or be removed from the Partnership or sell, transfer or assign its General Partner Partnership Units shall remain liable for obligations incurred by it as General Partner prior to the time such withdrawal, resignation, removal, sale, transfer or assignment shall have become effective, but it shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, resignation, removal, sale, transfer or assignment shall have become effective.

Liability of a Withdrawn General Partner. Any General Partner who shall voluntarily or involuntarily for any reason (including Incapacitybankruptcy, death, dissolution or adjudication of incompetence) withdraw, resign or be removed withdraw from the Partnership or sell, transfer or assign its General Partner Partnership Units Interest shall be and remain liable for all obligations and liabilities incurred by it as General Partner prior to the time such withdrawal, resignation, removal, sale, transfer or assignment shall shall, as provided in Sections 6.1 or 6.2, have become effective, but it shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, resignation, removal, sale, transfer or assignment shall have become effective.

Liability of a Withdrawn General Partner. Any General Partner who shall voluntarily or involuntarily for any reason (including Incapacitybankruptcy, death, dissolution or adjudication of incompetence) withdraw, resign or be removed withdraw from the Partnership or sell, transfer or assign its General Partner Partnership Units Interest shall be and remain liable for all obligations and liabilities incurred by it as General Partner prior to the time such withdrawal, resignation, removal, sale, transfer or assignment shall shall, as provided in Section 6.1, have become effective, but it shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, resignation, removal, sale, transfer or assignment shall have become effective.

Liability of a Withdrawn General Partner. Any General Partner who shall voluntarily or involuntarily for any reason (including Incapacitybankruptcy, death, dissolution or adjudication of incompetence) withdraw, resign or be removed withdraw from the Partnership or sell, transfer or assign its General Partner Partnership Units Interest shall be and remain liable for all obligations and liabilities incurred by it as General Partner prior to the time such withdrawal, resignation, removal, sale, . transfer or assignment shall as provided in Section 6.1, have become effective, but it shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, resignation, removal, sale, .' transfer or assignment shall have become effective.

Liability of a Withdrawn General Partner. Any General Partner who shall voluntarily or involuntarily for any reason (including Incapacity) withdraw, resign or be removed from the Partnership or sell, transfer or assign its General Partner Partnership Units Partner's Interest shall remain liable for obligations and liabilities incurred by it as General Partner prior to the time such withdrawal, resignation, removal, sale, transfer or assignment shall have become effective, but it shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, resignation, removal, sale, transfer or assignment shall have become effective.