Withdrawal of the General Partner. (a) The General Partner shall be deemed to have withdrawn from the Partnership upon the occurrence of any one of the following events (each such event herein referred to as an “Event of Withdrawal”);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 the General Partner. (a) The General Partner may withdraw as the General Partner with the Consent of the Limited Partners at any time; provided that the General Partner may, without the Consent of any Partner, withdraw from the Partnership in connection with the Transfer to any Affiliate of PubCorp of all of its general partner interest in the Partnership pursuant to Section 8.04, and appoint such Affiliate as its successor, upon written notice to the Partnership, which withdrawal and replacement shall be effective upon the delivery of such notice.
Withdrawal of the General Partner. Except as otherwise provided in this Article X, the General Partner may not withdraw from the Partnership prior to its dissolution.
Withdrawal of the General Partner. The General Partner may not withdraw from the Partnership without the written consent of the Limited Partner. The interest of the withdrawing General Partner may, at the option of the Limited Partner, be converted into a limited partner interest without any reduction in such interest (subject to proportionate dilution by reason of admission of its successor).
Withdrawal of the General Partner. (a) Upon the occurrence of an event of withdrawal (as defined in the Act) of the General Partner that results in there being no General Partner, the Partnership shall not be dissolved, if, within ninety (90) days after such event of withdrawal of such General Partner, a Majority in Interest agree in writing to continue the business of the Partnership and to the appointment, effective as of the date of withdrawal of the General Partner, of one or more additional General Partners.
Withdrawal of the General Partner. The General Partner shall not voluntarily withdraw from the Partnership or sell, assign or otherwise dispose of all or substantially all of its assets, or take any action described in items (B), (C) or (D) of the definition of "Bankruptcy" in Section 1.04, or sell, assign, or otherwise dispose of its Partnership
Withdrawal of the General Partner. 55 Except as provided in Section 4.03, the General Partner may not withdraw as the general partner of the Partnership without the approval of ______ percent (__%) in interest of the Private Limited Partners. To the extent required by the SBIC Act, no transfer of the interest of the General Partner, or any portion of such interest, will be effective without the consent of SBA. Except as provided in Section 8.03(b), Section 10.01(b), Section 10.01(d), or Section 10.01(f), any person who acquires the interest of the General Partner, or any portion of such interest, in the Partnership, will not be a General Partner but will become a special private limited partner (a "Special Private Limited Partner") upon his written acceptance and adoption of all the terms and provisions of this Agreement. Such person will acquire no more than the interest of the General Partner in the Partnership as it existed on the date of the transfer, but will not be entitled to any priority given to the Private Limited Partners, their successors and assigns, in respect of the interest. No such person will have any right to participate in the management of the affairs of the Partnership or to vote with the Private Limited Partners, and the interest acquired by such person will be disregarded in determining whether any action has been taken by any percentage of the limited partnership interests.56 Upon an event of withdrawal of the General Partner without continuation of the Partnership as provided in Section 8.04, the affairs of the Partnership will be wound up in accordance with the provisions of Section 8.02.
Withdrawal of the General Partner. (a) Except as provided in Section 4.03, the General Partner may not withdraw as the general partner of the Partnership without the approval of twenty five percent (25%) in interest of the Private Limited Partners.
Withdrawal of the General Partner. (i) The General Partner may withdraw from the Partnership without the sanction of the Limited Partners if a replacement general partner assumes the rights and undertakes the obligations of the General Partner to the Partnership (such Associate being the “New General Partner”).
Withdrawal of the General Partner. The General Partner may withdraw as the Partnership’s general partner only by delivering a notice of withdrawal to the Partnership. Such notice shall state the effective date of the General Partner’s withdrawal. Unless such notice is earlier revoked, the General Partner shall be deemed to have withdrawn as the Partnership’s general partner upon the earlier of (a) the effective date stated in such notice and (b) the date a successor General Partner is admitted to the Partnership pursuant to Section 1.13.
