Termination and Dissolution of the Partnership. The Partnership shall be dissolved on December 31, 2020, or upon ----------------- the prior occurrence of any event causing a dissolution of the Partnership under the Texas Revised Limited Partnership Act. The Partnership shall also be dissolved upon (a) the occurrence of any event which makes it unlawful for the Partnership business to be continued, unless such event can be and is remedied within a reasonable period of time not to exceed six (6) months; (b) the sale or other disposition of substantially all interests in oil and gas acreage and leases and other Partnership assets; or (c) the bankruptcy of a General Partner, unless a surviving General Partner elects to continue as General Partner. The Partnership shall not be dissolved by reason of the death, withdrawal or expulsion of a Limited Partner or upon the admission of a new Limited Partner.
Appears in 1 contract
Sources: Limited Partnership Agreement (Edge Petroleum Corp)
Termination and Dissolution of the Partnership. The Partnership shall be dissolved on December 31, 20202025, or upon ----------------- the prior occurrence of any event causing a dissolution of the Partnership under the Texas Revised Uniform Limited Partnership ActAct of the State of Connecticut. The Partnership shall also be dissolved upon (a) the occurrence of any event which makes it unlawful for the Partnership business to be continued, unless such event can be and is remedied within a reasonable period of time not to exceed six (6) months; (b) the sale or other disposition of substantially all interests in oil and gas acreage and leases and other Partnership assets; , or (c) the bankruptcy of a General Partner, unless a surviving General Partner elects to continue as General Partner. The Partnership shall not be dissolved by reason of the death, withdrawal or expulsion of a Limited Partner or upon the admission of a new Limited Partner.
Appears in 1 contract
Sources: Limited Partnership Agreement (Edge Petroleum Corp)
Termination and Dissolution of the Partnership. The Partnership shall be dissolved on December 31, 2020, or upon ----------------- the prior occurrence of any event causing a dissolution of the Partnership under the Texas Revised Uniform Limited Partnership ActAct of the State of Connecticut. The Partnership shall also be dissolved upon (a) the occurrence of any event which makes it unlawful for the Partnership business to be continued, unless such event can be and is remedied within with a reasonable period of time not to exceed six (6) months; (b) the sale or other disposition of substantially all interests in oil and gas acreage and leases and other Partnership assets; , or (c) the bankruptcy of a General Partner, unless a surviving General Partner elects to continue as General Partner. The Partnership shall not be dissolved by reason of the death, withdrawal or expulsion of a Limited Partner or upon the admission of a new Limited Partner.
Appears in 1 contract