Common use of Withdrawal of Limited Partners Clause in Contracts

Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner. Upon a transfer of all of a Limited Partner's Percentage Interests, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 2 contracts

Samples: Partnership Agreement (Anthony Crane Holdings Capital Corp), Partnership Agreement (Anthony Crane Sales & Leasing Lp)

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Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner. Upon a transfer of all of a Limited Partner's Percentage InterestsUnits in a transfer permitted by the Securityholders Agreement or Executive Agreements, such Limited Partner shall cease to be a Limited Partner; provided that -------- that ---- the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 2 contracts

Samples: Partnership Agreement (Anthony Crane Sales & Leasing Lp), Partnership Agreement (Anthony Crane Holdings Capital Corp)

Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner. Upon a transfer of all of a Limited Partner's Percentage InterestsUnits in a transfer permitted by the Investors Agreement or in accordance with such Limited Partner's Unit Purchase Agreement, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership Partnership, or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 1 contract

Samples: Transwestern Holdings Lp

Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner. Upon a transfer of all of a Limited Partner's Percentage InterestsUnits in a transfer permitted by the Investors Agreement or in accordance with such Limited Partner's Executive Agreement, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership Partnership, or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 1 contract

Samples: TWP Capital Corp

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Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership without the prior written consent of the General Partner, which consent the General Partner may withhold at its discretion. Upon a transfer of all of a Limited Partner's Percentage InterestsPartnership Interest, such Limited Partner shall cease to be a Limited Partner; provided -------- that the transferor shall not be released from liability to the Partnership for ---- (a) any materially false statement made, or caused to be made, by such transferor in the Certificate of Limited Partnership Partnership, or (b) any obligation of such transferor to contribute cash or other property to the Partnership.

Appears in 1 contract

Samples: Bki Asset Management Corp

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