Common use of Events of Dissolution or Liquidation Clause in Contracts

Events of Dissolution or Liquidation. The Partnership shall be dissolved (i) upon the consent of the General Partner and the SKM Limited Partners, TCP Limited Partners and ▇▇▇▇▇▇ Limited Partners holding at least eighty percent (80%) of the Units owned in the aggregate by such Limited Partners, which consent shall be in lieu of any vote otherwise required or permitted under the Act for dissolution or (ii) the occurrence of any event that is required to cause the dissolution of the Partnership under the Act or any other Laws.

Appears in 3 contracts

Sources: Agreement of Limited Partnership (Norcraft Companies Lp), Agreement of Limited Partnership (Norcraft Companies Lp), Agreement of Limited Partnership (Norcraft Capital Corp.)