Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total a majority of the value of all partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to the matter. The removal shall become effective upon payment of the value of the removed partners capital account, which shall be in accordance with the provisions on full withdrawal of a partner in paragraphs 22 and 24. The vote action shall be treated as receipt of request for withdrawal.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner Partner may be removed by agreement of the partners whose capital accounts total a majority two-thirds of the value of all partners' capital accountsPartners at a meeting. Written or electronic notice of a meeting where removal of a partner Partner is to be considered shall include a specific reference to the this matter. The removal shall become effective upon payment of the value of the removed partners Partner’s capital account, which shall be in accordance with the provisions on of full withdrawal of a partner Partner noted in paragraphs 22 18 and 2420. The vote action shall be treated as receipt of request for withdrawal.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner Partner may be removed by agreement of the partners whose capital accounts total a majority 2/3rds of the value of all partners' capital accountsPartners present. Written notice of a meeting where removal of a partner Partner is to be considered shall include a specific reference to this matter, and a written notice of removal shall be given to the matterpartner before the vote to remove is taken. The removal shall become effective upon payment of the value of the removed partners Partner's capital account, which shall be in accordance with the provisions on full withdrawal of a partner in paragraphs 22 and 24. paragraph 24E. The vote action shall be treated as receipt of request for withdrawal.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total a majority of the value of all partners' ’ capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to the this matter. The removal shall become effective upon payment of the value of the removed partners partner’s capital account, which shall be in accordance with the provisions on full withdrawal of a partner noted in paragraphs 22 18 and 2420. The vote action shall be treated as receipt of request for withdrawal.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total other partners, by a super-majority of the value vote of all other partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The successful vote shall be treated as receipt of request for full withdrawal of ALL accounts associated with the matterpartner. The removal shall become effective upon payment of the value of the removed partners partner's capital accountaccount(s), which shall be in accordance with the provisions on full withdrawal of a partner noted in paragraphs 22 and 24. The vote action shall be treated as receipt of request for withdrawalsection 20.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total a majority of the value of all partners' ’ capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to the this matter. The removal shall become effective upon payment of the value of the removed partners partner’s capital account, which shall be in accordance with the provisions on full withdrawal of a partner noted in paragraphs 22 18 and 2420. The vote action shall be treated as receipt of request for withdrawal.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total a majority of the value of all partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to the this matter. The removal shall become effective upon payment of the value of the removed partners partner's capital account, which shall be in accordance with the provisions on full withdrawal of a partner noted in paragraphs 22 17 and 2419. The vote action shall be treated as receipt of request for withdrawal.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total a majority of the value of all partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to the matter. The removal shall become effective upon payment of the value of the removed partners capital account, which shall be in accordance with the provisions on full withdrawal of a partner provision in paragraphs 22 and 24paragraph 23. The vote action shall be treated as receipt of request for withdrawal.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total other partners, by a super-majority of the value vote of all partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The vote action shall be treated as receipt of request for full withdrawal of all accounts associated with the matterpartner. The removal shall become effective upon payment of the value of the removed partners partner's capital accountaccount(s), which shall be in accordance with the provisions on full withdrawal of a partner noted in paragraphs 22 and 24. The vote action shall be treated as receipt of request for withdrawalsection 201.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total a majority of the value of all partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to the this matter. The removal shall become effective upon payment of the value of the removed partners partner's capital account, which shall be in accordance with the provisions on full withdrawal of a partner noted in paragraphs 22 21 and 2423. The vote action shall be treated as receipt of request for withdrawal.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total a majority of the value of all partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to the this matter. The removal shall become effective upon payment of the value of the removed partners partner's capital account, which shall be in accordance with the provisions on full withdrawal of a partner noted in paragraphs 22 20 and 2422. The vote action shall be treated as receipt of request for withdrawal.
Appears in 1 contract
Sources: Partnership Agreement
Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total a majority two-thirds of the value of all general partners' capital accounts. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to the this matter. The removal shall become effective upon payment of the value of the removed partners partner’s capital account, which shall be in accordance with the provisions on of full withdrawal of a partner noted in paragraphs 22 18 and 2420. The vote action shall be treated as bas receipt of request for withdrawal.
Appears in 1 contract
Sources: Partnership Agreement