Common use of Additional Limitation on Transferability Clause in Contracts

Additional Limitation on Transferability. Anything to the contrary in this Agreement notwithstanding, except in connection with a transfer pursuant to Section 14.08 hereof, no general partner may Transfer its Interest, in whole or in part, if such Transfer will cause a termination of the Partnership pursuant to Section 708 of the Code, and any Transfer in violation of the provisions hereof shall be void.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Paine Webber Group Inc), Limited Partnership Agreement (Paine Webber Group Inc)

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Additional Limitation on Transferability. Anything to the contrary in this Agreement notwithstanding, except in connection with a transfer pursuant to Section 14.08 hereof, no general partner the Limited Partner may not Transfer its Interestinterest, in whole or in part, if such Transfer will cause a termination of the Partnership pursuant to Section 708 of the Code, and any Transfer in violation of the provisions hereof shall be void.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Paine Webber Group Inc), Limited Partnership Agreement (Paine Webber Group Inc)

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