Common use of Withdrawal of a Partner Clause in Contracts

Withdrawal of a Partner. Any Partner may withdraw his/her interest in the Partnership by giving notice in writing to the Recording Partner. This notice shall be deemed to be officially received at the next regularly scheduled meeting. Any Partner withdrawing his/her interest shall no longer be a member of the Partnership. If notice is received between meetings, it shall be treated as received at the next regularly scheduled meeting. In making payment, the valuation statement prepared for the first meeting following the meeting at which notice is received, shall be used to determine the value of the Partner’s account. The Partnership shall pay the withdrawing Partner the value of his/her interest in the Partnership as shown by the valuation statement in accordance with Section 21 of the Partnership Agreement.

Withdrawal of a Partner. Any Partner partner may withdraw his/her interest in the Partnership by giving a part or all of his interest. He shall give notice in writing to the Recording Partnerrecording partner. This His notice shall be deemed to be officially received at the next regularly scheduled meeting. Any Partner withdrawing his/her interest shall no longer be a member as of the Partnershipfirst meeting of the club at which it is presented. If notice is received between meetings, it shall will be treated as received at the next regularly scheduled first following meeting. In making payment, payment the valuation statement prepared for the first meeting following the meeting at which notice is received, shall received will be used to determine the value of the Partner’s partner' s account. The Partnership partnership shall pay the withdrawing Partner partner the value of his/her his interest in the Partnership partnership as shown by the valuation statement in accordance with Section 21 paragraph 24 of the Partnership Agreementthis partnership agreement.

Withdrawal of a Partner. Any Partner partner may withdraw hisfrom the partnership at any time. He/her interest in the Partnership by giving She shall give notice in writing to the Recording Partnerrecording partner. This His/her notice shall be deemed to be officially received at the next regularly scheduled meeting. Any Partner withdrawing his/her interest shall no longer be a member as of the Partnershipfirst meeting of the club at which it is presented. If notice is received between meetings, it shall will be treated as received at the next regularly scheduled first following meeting. In making payment, payment the valuation statement prepared for the first meeting following the meeting at which notice is received, shall received will be used to determine the value of the Partnerpartner’s account. The Partnership partnership shall pay the withdrawing Partner partner the value of his/her this interest in the Partnership partnership as shown by the valuation statement in accordance with Section 21 paragraph 23 of the Partnership Agreementthis partner agreement.

Withdrawal of a Partner. Any Partner partner may withdraw his/her interest in the Partnership by giving a part or all of their interest. Withdrawing partner shall give notice in writing to the Recording Partnerany club officer. This The withdrawing partner’s notice shall be deemed to be officially received at the next regularly scheduled meeting. Any Partner withdrawing his/her interest shall no longer be a member as of the Partnershipfirst meeting of the club after which it was presented. If notice is received between meetings, meetings it shall will be treated as received at the next regularly scheduled first following meeting. In making payment, payment the valuation statement prepared for the first meeting following the same meeting at which notice is received, shall received will be used to determine the value of the Partnerpartner’s account. The Partnership partnership shall pay the withdrawing Partner partner the value of his/her his interest in the Partnership partnership as shown by the valuation statement in accordance with Section 21 paragraph 22 of the Partnership AgreementAgreement (this document).