Dissolution or Termination. Any particular Series shall be dissolved upon the occurrence of the applicable dissolution events set forth in Article VIII, Section 3. In addition, the General Partner and the Board of Directors shall have the authority, without the approval of Investors of any Series, unless otherwise required by applicable law, to adopt a resolution dissolving any such Series and rescinding the establishment and designation thereof. Any particular Class shall be terminated at the time there are no Shares outstanding of the particular Class. In addition, the Board of Directors shall have the authority, without the approval of Investors of any Class, unless otherwise required by applicable law, to adopt a resolution terminating any such Class and rescinding the establishment and designation thereof; provided, however, that upon the dissolution of any particular Series, every Class of such Series shall thereby be terminated. Each such resolution shall constitute a part of this Partnership Agreement upon adoption.
Appears in 1 contract
Sources: Limited Partnership Agreement (SEI Alpha Strategy Portfolios, LP)
Dissolution or Termination. Any particular Series shall be dissolved upon the occurrence of the applicable dissolution events set forth in Article VIIIIX, Section 3. In addition, the General Partner and the Board of Directors shall have the authority, without the approval of Investors of any Series, unless otherwise required by applicable law, to adopt a resolution dissolving any such Series and rescinding the establishment and designation thereof. Any particular Class shall be terminated at the time there are no Shares outstanding of the particular Class. In addition, the Board of Directors shall have the authority, without the approval of Investors of any Class, unless otherwise required by applicable law, to adopt a resolution terminating any such Class and rescinding the establishment and designation thereof; provided, however, that upon the dissolution of any particular Series, every Class of such Series shall thereby be terminated. Each such resolution shall constitute a part of this Partnership Agreement upon adoption.
Appears in 1 contract
Sources: Limited Partnership Agreement (SEI Structured Credit Fund, LP)
Dissolution or Termination. Any particular Series shall be dissolved upon the occurrence of the applicable dissolution events set forth in Article VIII, Section 3. In addition, the General Partner and the Board of Directors shall have the authority, without the approval of Investors of any Series, unless otherwise required by applicable law, to amend this Partnership Agreement to adopt a resolution dissolving any such Series and rescinding the establishment and designation thereof. Any particular Class class shall be terminated at the time there are no Shares outstanding Investors of the particular Classclass. In addition, the Board of Directors shall have the authority, without the approval of Investors of any Classclass, unless otherwise required by applicable law, to adopt a resolution terminating any such Class class and rescinding the establishment and designation thereof; provided, however, that upon the dissolution of any particular Seriesseries, every Class class of such Series series shall thereby be terminated. Each such resolution shall constitute a part of this Partnership Agreement upon adoption.
Appears in 1 contract
Sources: Limited Partnership Agreement (Federated Core Trust Ii)