Common use of Transfer of Partnership Interests Clause in Contracts

Transfer of Partnership Interests. (a) Subject to the provisions of this Article 8, a Non-Managing General Partner may transfer its interest in the Partnership with the consent of the Managing General Partner, which consent may be withheld by the Managing General Partner in its sole and absolute

Transfer of Partnership Interests. (a) Subject to the provisions of this Article 8, a Non-Managing General Partner may transfer its interest in the Partnership with the consent of the Managing General Partner, which consent may be withheld by the Managing General Partner in its sole and absoluteabsolute discretion. Nothing in this Agreement shall be deemed to preclude the purchase by the Managing General Partner of any Non-Managing General Partnership interest and the admission of a Managing General Partner as a Non-Managing General Partner in connection therewith.