Withdrawal of a General Partner. (a) A General Partner may withdraw from the Partnership or sell, transfer or assign his or its Interest as General Partner only with the prior Consent of BCTC 94, Inc., and of the Lender, if required, and only after being given written approval by the necessary parties as provided in Section 6.02, and by the Lender, if required, of the General Partner(s) to be substituted for him or it or to receive all or part of his or its Interest as General Partner.
Withdrawal of a General Partner. (a) The General Partner may make partial withdrawals from its Capital Account at any time without the consent of, or notice to, the Limited Partners.
Withdrawal of a General Partner. Except with the written approval of the other General Partners (if any) and a Limited Partner Supermajority, no General Partner shall have the right to withdraw from the Partnership until a successor General Partner has been appointed.
Withdrawal of a General Partner. A. Upon the occurrence of any event described in Section 10-402, Title 10 of the Corporations and Associations Article of the Annotated Code of Maryland involving all General Partners (if there then be more than one) or the sole General Partner (if there then be only one), the Partnership shall be dissolved unless it is continued pursuant to Section 4.3.B hereof. In the event that the Partnership is continued pursuant to Section 4.3.B, the General Partner who has suffered an event described in Section 10-402, Title 10 of the Corporations and Associations Article, or its successor in interest, shall have its interest converted to that of a Limited Partner.
Withdrawal of a General Partner. (a) A General Partner may withdraw from the Partnership or sell, transfer or assign his or its Interest as General Partner only with the prior Consent of BCTC 94, and only after being given written approval by the necessary parties as provided in Section 6.02, of the General Partner(s) to be substituted for him or it or to receive all or part of his or its Interest as General Partner. (b) In the event that a General Partner withdraws from the Partnership or sells, transfers or assigns his or its entire Interest pursuant to Section 6.01(a), he or it shall be and shall remain liable for all obligations and liabilities incurred by him or it as General Partner before such withdrawal, sale, transfer or assignment shall have become effective, but shall be free of any obligation or liability incurred on account of the activities of the Partnership from and after the time such withdrawal, sale, transfer or assignment shall have become effective. 6.02.
Withdrawal of a General Partner. The Fund shall terminate and dissolve upon the withdrawal, insolvency, legal incapacity, death, or removal of the General Partner and any additional general partner appointed by the General Partner pursuant to Section 12 (unless the Limited Partners shall elect a successor general partner pursuant to Section 17(c)). The General Partner shall not withdraw from the Fund unless it shall have given the Limited Partners at least 60 days' prior written notice of its intention to withdraw.
Withdrawal of a General Partner. (i) For purposes of this Section 4.6(b), "withdrawal of a General Partner" shall include the occurrence of any of the following:
Withdrawal of a General Partner. (a) A General Partner shall be deemed to have withdrawn from the Partnership upon the occurrence of any one of the following events (each such event herein referred to as an "EVENT OF WITHDRAWAL");
Withdrawal of a General Partner. A General Partner shall have the right to withdraw from the Partnership to the extent provided in Section 6.02(a) of the Act; provided that any such withdrawal shall be in violation of this Agreement and the Partnership and the other Partners shall have the rights and remedies provided in the Act subject to the provisions of Section 10.15 below. An event of withdrawal under the Act as to a General Partner shall dissolve the Partnership, but the Partnership shall continue as a limited partnership and not be wound up provided at least one General Partner remains or the Partnership is otherwise continued as provided in Section 11.2 below. The successor in interest of a withdrawn General Partner shall be deemed an assignee of such interest and shall not become a substituted General Partner except in accordance with Article 10 below.
Withdrawal of a General Partner. Subject to any first mortgage, upon 30 days notice to the Partners, the General Partner may withdraw as a General Partner at any time, provided that such General Partner delivers to the Partnership an opinion of competent counsel to the effect that such withdrawal will not adversely affect the classification of the Partnership as a partnership for Federal income tax purposes.
