Dissolution Events. 13.1(a) The Partnership will dissolve and terminate upon the written consent of all the General Partners or upon the entry of a decree of judicial dissolution under KyULPA. The Partnership will not dissolve upon the transfer of a General Partner's Interest to a qualified successor in interest, as provided above. Further, the Partnership will not dissolve upon the death, bankruptcy, adjudication of incompetency or insanity or withdrawal of a Limited Partner or an assignment by a Limited Partner of his/her interest in the Partnership. In any such event, the General Partner will have the right and duty to continue the business of the Partnership under the terms of this Agreement.
Appears in 6 contracts
Sources: Agreement of Limited Partnership (Gilman Sheldon G), Amended and Restated Agreement of Limited Partnership (Trager Trust of 2012), Agreement of Limited Partnership (Trager Trust of 2012)
Dissolution Events. 13.1(a) The Partnership will dissolve and terminate upon the written consent of all the General Partners or upon the entry of a decree of judicial dissolution under KyULPA. The Partnership will not dissolve upon the transfer of a General Partner's ’s Interest to a qualified successor in interest, as provided above. Further, the Partnership will not dissolve upon the death, bankruptcy, adjudication of incompetency or insanity or withdrawal of a Limited Partner or an assignment by a Limited Partner of his/her interest in the Partnership. In any such event, the General Partner will have the right and duty to continue the business of the Partnership under the terms of this Agreement.
Appears in 4 contracts
Sources: Agreement of Limited Partnership (Teebank Family LTD Partnership), Limited Partnership Agreement (Trager Steve), Amended and Restated Agreement of Limited Partnership (Trager Jean S)