Events Not Causing Dissolution Sample Clauses
The 'Events Not Causing Dissolution' clause defines specific situations or occurrences that, despite their significance, do not trigger the dissolution of a company or partnership. For example, the withdrawal, death, or bankruptcy of a partner may be listed as events that do not automatically end the business entity. This clause ensures the continuity of the organization by clarifying that certain disruptions will not interrupt its legal existence, thereby providing stability and predictability for the remaining members or stakeholders.
Events Not Causing Dissolution. The Limited Partnership will not be dissolved or terminated by the amendment of this Agreement or by the resignation, removal, death, mental incompetence, bankruptcy, insolvency, dissolution, liquidation, winding up or receivership of, or the admission, retirement or withdrawal of, the General Partner or the Limited Partner.
Events Not Causing Dissolution. Subject to Article 2232 of the Civil Code, the Partnership shall not be dissolved or terminated by the resignation, removal, bankruptcy, insolvency, dissolution, liquidation, winding-up or receivership of, or the admission, resignation or withdrawal of a Partner.
Events Not Causing Dissolution. The Incapacity, withdrawal, resignation or expulsion of, or the making of an assignment for the benefit of creditors by, or any other act or circumstance with respect to, a Limited Partner shall not cause the dissolution of the Partnership. Except as otherwise determined by the Board, the Partnership shall not be subject to dissolution at the election of Limited Partners.
Events Not Causing Dissolution. Notwithstanding any rule of law or equity to the contrary, the Partnership shall not be dissolved except in accordance with this Agreement. In particular, but without restricting the generality of the foregoing, the Partnership shall not be dissolved or terminated by the actual or deemed resignation, removal, death, incompetence, bankruptcy, insolvency, other disability or incapacity, dissolution, liquidation, winding-up or receivership, or withdrawal of the General Partner or any Limited Partner or by the assignment, transfer or transmission of any Unit.
Events Not Causing Dissolution. Except as may otherwise be provided in Section 8.1 above, the Company shall not be terminated or dissolved by the legal incapacity, death, insanity, withdrawal or expulsion of any Member, by the assignment of any Member of that Member's Units, or by the admission of a new Member, or the admission of any additional or substitute Member or Manager, but the Company shall continue thereafter as the Company with the remaining Members and any new Members.
Events Not Causing Dissolution. Notwithstanding any rule of law or equity to the contrary, the Partnership shall not be dissolved or terminated by admission of any new General Partner or Limited Partner or the removal, actual or deemed, resignation, death, incompetence, bankruptcy, insolvency, other disability or incapacity, dissolution, liquidation winding-up or receivership, or the admission, resignation or withdrawal of the General Partner, the Initial Limited Partner or any Limited Partner, except in accordance with this Agreement.
Events Not Causing Dissolution. The withdrawal, resignation, expulsion, death, insanity, incompetency, bankruptcy, insolvency, dissolution or liquidation of, or the making of an assignment for the benefit of creditors by, or any other act or circumstance with respect to an Investor (including the occurrence of any of the events described in Section 18-304 of the Delaware Act) shall not cause the dissolution of the Fund; the Investors shall not otherwise have the right to cause a dissolution of the Fund (except as set forth in Section 7.1); and the Fund shall continue until dissolved pursuant to Section 7.1 hereof.
Events Not Causing Dissolution. Notwithstanding any rule of law or equity to the contrary, the Fund shall not be dissolved except in accordance with this Agreement. In particular, the Fund shall not be dissolved or terminated by the removal, actual or deemed resignation, retirement, expulsion, death, incompetence, bankruptcy, insolvency, other disability or incapacity, dissolution, liquidation, winding-up or receivership of the General Partner or the admission, resignation or withdrawal of the Manager or of any Unitholder.
Events Not Causing Dissolution. The Partnership will continue notwithstanding the removal, death, incompetency, bankruptcy or insolvency of or the admission or withdrawal of the General Partner or any Limited Partner. Resignation may not cause dissolution if in accordance with Section 16.1.
Events Not Causing Dissolution. The Partnership shall not be wound up or dissolved except in accordance with the Delaware Act and this Agreement. In particular, but without restricting the generality of the foregoing and subject to the express provisions of this Agreement, the Partnership shall not be wound up or dissolved or terminated by the admission, removal, actual or deemed resignation, death, incompetence, bankruptcy, insolvency, other disability or incapacity, dissolution, liquidation, winding-up or receivership, or the admission, resignation or withdrawal of any Limited Partner.