Withdrawal Election. In each instance in which a Limited Partner satisfies the conditions described in Section 8.7(b) or (c) below, the General Partner shall have the right for a period of one hundred twenty (120) days following the occurrence of such event to treat such Limited Partner as a withdrawing party (the “Withdrawing Party”) and to purchase the interest in the Partnership of the Withdrawing Party as hereinafter provided.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement