Common use of Withdrawal of a General Partner Clause in Contracts

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) 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 94BCCC, Inc., and of the LenderLenders, if required, and only after being given written approval by the necessary parties as provided in Section 6.02, and by the LenderLenders, 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) 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) A General Partner may withdraw from the Partnership or sell, transfer or assign his or its Interest as a General Partner only with the prior Consent of BCTC 94, Inc., and of the Permanent Lender, if required, and only after being given written approval by the necessary parties as provided in Section 6.02, and by the Permanent Lender, if required, of the General Partner(s) Partner to be substituted for him or it or to receive all or part of his or its Interest as General Partner.