Common use of Removal of a General Partner Clause in Contracts

Removal of a General Partner. The Limited Partners holding a majority in interest of the Units may remove any or all of the General Partners. Written notice of such determination setting forth the effective date of such removal shall be served upon the General Partner or General Partners so removed and, as of the effective date, shall terminate all of such persons' rights and powers as a General Partner.

Removal of a General Partner. The Limited Partners holding a majority in interest of the Units may remove any or all of the General Partners. Written notice of such determination setting forth the effective date of such removal shall be served upon the General Partner or General Partners so removed and, as of the effective date, shall terminate all of such persons' Person’s rights and powers as a General Partner.

Removal of a General Partner. The Limited Partners holding a majority in interest of the Units may remove any or all of the General Partners. Written notice of such determination setting forth the effective date of such removal shall be served upon the General Partner or General Partners so removed and, and as of the effective date, shall terminate all of such persons' rights and powers as a General Partner.

Removal of a General Partner. The Limited Partners holding Partners, upon a majority vote of eighty percent (80%) in interest of the Units may remove any or all of the General PartnersPartner. Written notice of such determination setting forth the effective date of such removal shall be served upon the General Partner or General Partners so removed andremoved, and as of the effective date, shall terminate all of such persons' person's rights and powers as a General Partner or its affiliate's right to be compensated under Article VI and except for the General Partner's rights under Section 10.3 below.