Dissolution Triggers. The Partnership shall dissolve only upon the first to occur of any of the following events: (a) The vote of the General Partner and a majority in interest of the Limited Partners. (b) The entry of a decree of judicial dissolution or the administrative dissolution of the Partnership as provided in the Act (unless remedied). (c) The failure to elect a new General Partner pursuant to Section 5.1 withing ninety (90) days after the sole remaining General Partner has ceased to be a General Partner. None of the other events set forth in the Act shall cause the dissolution of the Partnership.
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Sources: Limited Partnership Agreement (FD Spinco II, Inc.), Limited Partnership Agreement (FD Spinco II, Inc.)
Dissolution Triggers. The Partnership shall dissolve only upon the first to occur of any of the following events:
(a) The vote unanimous consent of the General Partner and a majority in interest of the Limited all Partners.
(b) The entry of a decree of judicial dissolution or the administrative dissolution of the Partnership as provided in the Act (unless remedied).
(c) The failure to elect a new General Partner pursuant to Section 5.1 withing ninety (90) days after the sole remaining General Partner has ceased to be a General Partner. None of the other events set forth in the Act shall cause the dissolution of the PartnershipPartnership to have at least one general partner or at least one limited partner.
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