Event of Withdrawal Sample Clauses

Event of Withdrawal. As to all Partners, an Event of Withdrawal occurs when a Partner: provides written notice to the Partnership of the Partner’s express will to withdraw as a partner; makes an assignment for the benefit of creditors; files a voluntary petition in bankruptcy; is adjudged a bankrupt or insolvent or has entered against such Partner an order for relief in any bankruptcy or insolvency proceeding which order is not dissolved within 60 days; files a petition or answer or certificate seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief; files an answer or other pleading failing to contest the material allegations in any bankruptcy or insolvency proceeding; becomes subject to the appointment of a receiver or trustee or liquidator of all or any part of the Partner’s property which includes their Units or Partnership Interest; fails to have vacated or stayed the appointment of a trustee, receiver or liquidator of the Partner or of all or any part of the Partner’s property which includes their Units or Partnership Interest within 60 days of the appointment; has been expelled from the Partnership by a final judicial decree; is subject to any order or judgment not stayed within 30 days of issuance attaching or foreclosing upon its Units or any part of its Partnership Interest; (or a controlling Person) is on the list of Specially Designated Nationals and Blocked Persons maintained by the Office of Foreign Assets Control or any similar list or is otherwise a Person the Partnership is prohibited from doing business with; commences any proceeding adverse to the Partnership; fails to pay two consecutive Capital Calls or fails to timely pay three Capital Calls whether or not consecutive; or transfers its Units or any Partnership Interest, as to the interest transferred. As to a Partner who is a natural Person, an Event of Withdrawal also occurs upon the Partner’s death, the appointment of a guardian or general conservator for the Partner or an adjudication of incompetency of the Partner. As to a Partner who is an entity, an Event of Withdrawal also occurs upon the termination, dissolution or cessation of business of the Partner.

Event of Withdrawal. Upon receipt of notice from the Company of the termination (including any partial termination) and distribution of the assets of a Participating Plan or of the withdrawal of any Participating Plan, or part thereof, from the Trust, the Trustee shall segregate the share of the assets of the Master Fund allocable to such Participating Plan, or part thereof, and shall dispose of such assets in accordance with the directions of the Company.

Event of Withdrawal. “Event of Withdrawal” shall have the meaning ascribed to such term in Subsection 10.1(b).

Event of Withdrawal. Event of Withdrawal" means with respect to the General Partner, the cessation of its status as a General Partner as a result of death, dissolution, Bankruptcy, incapacity, complete withdrawal, or any other reason, other than the dissolution of the Partnership.

Event of Withdrawal. 31 SECTION 12.3 Bankruptcy............................................................................... 31 SECTION 12.4 Continuation............................................................................. 31

Event of Withdrawal. (a) When an Event of Withdrawal occurs, the affected Party or legal representative thereof or successor in interest thereto (the "Successor") will promptly give notice to JVCO. If such notice is not given within ten (10) Business Days after the Event of Withdrawal occurs, any Party having a knowledge of the occurrence may give notice thereof. Unless otherwise provided in the definition of Event of Withdrawal above, the effective date of withdrawal shall be the date such notice is given. (b) When an Event of Withdrawal occurs, the affected Party ("Former Party") shall cease to be a shareholder of JVCO as of the effective date of withdrawal. Except as otherwise provided by this Agreement, a Successor shall have no right to become a substitute shareholder of JVCO. Unless and until a Former Party's interest in JVCO is purchased pursuant to this Article, the Former Party or Successor shall be entitled to receive the share of JVCO profits and distributions to which the Former Party or Successor would be entitled to receive hereunder had no Event of Withdrawal occurred. Except as otherwise provided herein, neither a Former Party nor a Successor shall have any liability with respect to obligations incurred by JVCO after the effective date of withdrawal, or any right to participate in the management of JVCO or the decisions of the Parties; provided, however, that the Parties may not, without the express written consent of the Former Party or Successor, take any action which would change the Former Party's interest in JVCO profits, losses or distributions, or the time at which distributions are payable if such action could have required the Former Party's consent if taken prior to the effective date of withdrawal. (c) When an Event of Withdrawal occurs, if all Parties elect to continue the business of JVCO, and JVCO gives notice of such election to the Former Party or Successor within ninety (90) days after the effective date of withdrawal, then the business of JVCO shall be continued by the Parties. If the Parties elect to continue the business of JVCO, JVCO or the Parties shall have the option to purchase the Former Party's entire JVCO interest as of the effective date of withdrawal, in the manner and on the terms provided in Section 7.1.

Event of Withdrawal. Event of Withdrawal" shall have the meaning ascribed to such term in Section 10.1 of this Agreement.

Event of Withdrawal. 5 2.16 Family Growth............................................ 5 2.17

Event of Withdrawal. The General Partner shall cease to be a General Partner of the Partnership upon the occurrence of an Event of Withdrawal with respect to such General Partner.