Common use of Removal of a Partner Clause in Contracts

Removal of a Partner. Any partner may be removed by agreement of two-thirds of the general partners. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The removal shall become effective upon payment of the value of the removed partner’s capital account, which shall be in accordance with the provisions of full withdrawal of a partner noted in paragraphs 18 and 20. The vote action shall be treated bas receipt of request for withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

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Removal of a Partner. Any partner may be removed by agreement of two-thirds the partners whose capital accounts total a majority of the general value of all partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The removal shall become effective upon payment of the value of the removed partner’s 's capital account, which shall be in accordance with the provisions of on full withdrawal of a partner noted in paragraphs 18 20 and 2022. The vote action shall be treated bas as receipt of request for withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

Removal of a Partner. Any partner may be removed by agreement of twothe other partners, by a super-thirds majority vote of the general all partners. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The vote action shall be treated as receipt of request for full withdrawal of all accounts associated with the partner. The removal shall become effective upon payment of the value of the removed partner’s 's capital accountaccount(s), which shall be in accordance with the provisions of on full withdrawal of a partner noted in paragraphs 18 and 20. The vote action shall be treated bas receipt of request for withdrawalsection 201.

Appears in 1 contract

Samples: Partnership Agreement

Removal of a Partner. Any partner may be removed by agreement of two-thirds the partners whose capital accounts total a majority of the general value of all partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The removal shall become effective upon payment of the value of the removed partner’s 's capital account, which shall be in accordance with the provisions of on full withdrawal of a partner noted in paragraphs 18 17 and 2019. The vote action shall be treated bas as receipt of request for withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

Removal of a Partner. Any partner may be removed by agreement of two-thirds the partners whose capital accounts total a majority of the general value of all partners’ capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The removal shall become effective upon payment of the value of the removed partner’s capital account, which shall be in accordance with the provisions of on full withdrawal of a partner noted in paragraphs 18 and 20. The vote action shall be treated bas as receipt of request for withdrawal.

Appears in 1 contract

Samples: www.bivio.com

Removal of a Partner. Any partner may be removed by agreement of two-thirds the majority of the general partners. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this the matter. The removal shall become effective upon payment of the value of the removed partner’s partners capital account, which shall be in accordance with the provisions of full withdrawal of a partner noted provision in paragraphs 18 and 20paragraph 23. The vote action shall be treated bas as receipt of request for withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

Removal of a Partner. Any partner Partner may be removed by agreement of two-thirds 2/3rds of the general partnersPartners present. Written notice of a meeting where removal of a partner Partner is to be considered shall include a specific reference to this matter, and a written notice of removal shall be given to the partner before the vote to remove is taken. The removal shall become effective upon payment of the value of the removed partner’s Partner's capital account, which shall be in accordance with the provisions of full withdrawal of a partner noted in paragraphs 18 and 20. paragraph 24E. The vote action shall be treated bas as receipt of request for withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

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Removal of a Partner. Any partner may be removed by agreement of twothe other partners, by a super-thirds majority vote of the general all other partners. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The successful vote shall be treated as receipt of request for full withdrawal of ALL accounts associated with the partner. The removal shall become effective upon payment of the value of the removed partner’s 's capital accountaccount(s), which shall be in accordance with the provisions of on full withdrawal of a partner noted in paragraphs 18 and section 20. The vote action shall be treated bas receipt of request for withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

Removal of a Partner. Any partner may be removed by agreement of two-thirds the partners whose capital accounts total a majority of the general value of all partners’ capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The removal shall become effective upon payment of the value of the removed partner’s capital account, which shall be in accordance with the provisions of on full withdrawal of a partner noted in paragraphs 18 and 20. The vote action shall be treated bas as receipt of request for withdrawal.

Appears in 1 contract

Samples: Agreement

Removal of a Partner. Any partner Partner may be removed by agreement of two-thirds of the general partnersPartners at a meeting. Written or electronic notice of a meeting where removal of a partner Partner is to be considered shall include a specific reference to this matter. The removal shall become effective upon payment of the value of the removed partnerPartner’s capital account, which shall be in accordance with the provisions of full withdrawal of a partner Partner noted in paragraphs 18 and 20. The vote action shall be treated bas as receipt of request for withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

Removal of a Partner. Any partner may be removed by agreement of two-thirds the partners whose capital accounts total a majority of the general value of all partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this the matter. The removal shall become effective upon payment of the value of the removed partner’s partners capital account, which shall be in accordance with the provisions of on full withdrawal of a partner noted in paragraphs 18 22 and 2024. The vote action shall be treated bas as receipt of request for withdrawal.

Appears in 1 contract

Samples: Partnership Agreement

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