Transfers Withdrawals and Default Sample Clauses

Transfers Withdrawals and Default. 9.1 Transfer, Withdrawal or Removal of the General Partner. (a) Other than in connection with a Pledge, the General Partner shall not have the right to sell, assign, pledge or otherwise transfer its interests as the general partner of the Partnership other than to an Affiliate of the General Partner and the Management Company and the General Partner shall not have the right to withdraw from the Partnership or to voluntarily dissolve during the term of the Partnership (unless it is no longer acting as a general partner of the Partnership); provided, for the avoidance of doubt, that the General Partner may be reconstituted from the limited partnership form to the limited liability company form, the general partnership form, the corporate form or other legal form of organization or vice versa so long as such reconstituted entity is an Affiliate of the General Partner and the Management Company. In the event of any such sale, assignment, pledge or transfer by the General Partner of its interests as the general partner of the Partnership, or the withdrawal of the General Partner from the Partnership or any such dissolution of the General Partner in violation of the foregoing, the General Partner shall be liable to the Partnership for breach of this provision. If the General Partner transfers its entire interest as the general partner of the Partnership in accordance with this Agreement, the transferee shall automatically be admitted to the Partnership as the replacement general partner immediately prior to such transfer without any further action, approval or vote of any other Person, including any other Partner, upon execution of a counterpart signature page to this Agreement, and such transferee shall continue the business of the Partnership without dissolution. At all times (i) at least 50% of the voting power with respect to interests in the General Partner will be controlled directly or indirectly by one or more of the Principal Partners (including their respective family members, family investment vehicles and estate or tax planning vehicles), and (ii) the Principal Partners and the investment professionals primarily engaged in the activities of the Fund VIII Entities, and senior executives of Affiliates of the General Partner engaged in the affairs of the Fund VIII Entities (and their respective family members, family investment vehicles and estate or tax planning vehicles) shall as a group own, directly and indirectly, at least 50% of the economic inter...
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Transfers Withdrawals and Default. 8.1 Transfer, Withdrawal and Removal of the General Partner.
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Transfers Withdrawals and Default 
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Related to Transfers Withdrawals and Default

  • Permitted Withdrawals and Transfers from the Distribution Account (a) The Trustee will, from time to time on demand of the Master Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Distribution Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the Servicing Agreements or as the Securities Administrator has instructed hereunder for the following purposes (limited in the case of amounts due the Master Servicer to those not withdrawn from the Master Servicer Collection Account in accordance with the terms of this Agreement):

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of a Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • Transfers and Withdrawals 26 Section 11.1 Transfer......................................................... 26 Section 11.2 Limited Partners' Rights to Transfer............................. 26 Section 11.3

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

  • Permitted Withdrawals from the Custodial Account (a) The Master Servicer may, from time to time as provided herein, make withdrawals from the Custodial Account of amounts on deposit therein pursuant to Section 3.07 that are attributable to the Mortgage Loans for the following purposes:

  • Permitted Withdrawals From Escrow Account Withdrawals from the Escrow Account or Accounts may be made by the Servicer only:

  • Permitted Withdrawals From Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

  • Compliance with Certain Requirements of Regulations; Deficit Capital Accounts In the event the Company is “liquidated” within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), distributions shall be made pursuant to this Article X to the Unit Holders who have positive Capital Accounts in compliance with Regulations Section 1.704-1(b)(2)(ii)(b)(2). If any Unit Holder has a deficit balance in such Member’s Capital Account (after giving effect to all contributions, distributions and allocations for all Fiscal Years, including the Fiscal Year during which such liquidation occurs), such Unit Holder shall have no obligation to make any contribution to the capital of the Company with respect to such deficit, and such deficit shall not be considered a debt owed to the Company or to any other Person for any purpose whatsoever. In the discretion of the Liquidator, a pro rata portion of the distributions that would otherwise be made to the Unit Holders pursuant to this Article X may be: (i) distributed to a trust established for the benefit of the Unit Holders for the purposes of liquidating Company assets, collecting amounts owed to the Company, and paying any contingent or unforeseen liabilities or obligations of the Company, in which case the assets of any such trust shall be distributed to the Unit Holders from time to time, in the reasonable discretion of the Liquidator, in the same proportions as the amount distributed to such trust by the Company would otherwise have been distributed to the Unit Holders pursuant to Section 10.2 of this Agreement; or (b) withheld to provide a reasonable reserve for Company liabilities (contingent or otherwise) and to reflect the unrealized portion of any installment obligations owed to the Company, provided that such withheld amounts shall be distributed to the Unit Holders as soon as practicable.

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

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