Common use of Additional Limitation on Transferability Clause in Contracts

Additional Limitation on Transferability. Anything to the contrary in this Agreement notwithstanding, the Limited Partner may not 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: Paine Webber Group Inc, Paine Webber Group Inc

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Additional Limitation on Transferability. Anything to the contrary in this Agreement notwithstanding, the Limited Partner except in connection with a transfer pursuant to Section 14.08 hereof, no general 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: Paine Webber Group Inc, Paine Webber Group Inc

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