Common use of Termination of Status of General Partner Clause in Contracts

Termination of Status of General Partner. A General Partner will cease to be a general partner of the Partnership if the General Partner (a) is dissolved or otherwise terminates its existence; (b) voluntarily withdraws as General Partner (which it may do at any time in its sole discretion); (c) is removed; (d) Transfers all of its Units held as General Partner as permitted under Section 4.3 of this Agreement and the Person to which the Units are Transferred is admitted as a substituted General Partner under Section 2.6(a) of this Agreement; or (e) otherwise ceases to be a General Partner under the Delaware Act.

Termination of Status of General Partner. A General Partner will cease to be a general partner of the Partnership if the General Partner (a) is dissolved or otherwise terminates its existence; (b) voluntarily withdraws as General Partner (which it may do at any time in its sole discretion); (c) is removed; (d) Transfers all of its Units held entire Interest as General Partner as permitted under Section SECTION 4.3 of this Agreement and the Person to which the Units are Interest is Transferred is admitted as a substituted General Partner under Section 2.6(aSECTION 2.6(A) of this Agreement; or (e) otherwise ceases to be a General Partner under the Delaware Act.

Termination of Status of General Partner. A General Partner will cease to be a general partner General Partner of the Partnership if the General Partner (a) is dissolved or otherwise terminates its existence; (b) voluntarily withdraws as General Partner (which it may do at any time in its sole discretion)with Minimum Limited Partner Approval; (c) is removedremoved pursuant to Section 4.2 of this Agreement; (d) Transfers all of its Units held entire Interest as General Partner as permitted under Section 4.3 of this Agreement and the Person to which the Units are Interest is Transferred is admitted as a substituted General Partner under Section 2.6(a) of this Agreement; or (e) otherwise ceases to be a General Partner under the Delaware Act.

Termination of Status of General Partner. A General Partner will cease to be a general partner of the Partnership if the General Partner (a) is dissolved or otherwise terminates its existence; (b) voluntarily withdraws as General Partner (which it may do at any time in its sole discretion); (c) is removed; (d) Transfers all of its Units held entire Interest as General Partner as permitted under Section 4.3 of this Agreement and the Person to which the Units are Interest is Transferred is admitted as a substituted General Partner under Section 2.6(a) of this Agreement; or (e) otherwise ceases to be a General Partner under the Delaware Act.