Common use of Admission and Substitution of Partners; Participation in and by Other Partnerships Clause in Contracts

Admission and Substitution of Partners; Participation in and by Other Partnerships. 12.1 a. The sale, transfer, exchange, assignment, gift, right of usufruct or other disposition, including but not limited to a disposition pursuant to a legal merger, legal division, dissolution or liquidation, whether voluntary or involuntary of all or any part of a Partner’s economic or legal interest in the C.V. shall require the prior written consent of all of the Partners. Such consent may be granted or withheld by each of them in their sole and absolute discretion.

Appears in 8 contracts

Samples: Limited Partnership Agreement (Frank's International N.V.), Limited Partnership Agreement (Frank's International N.V.), Limited Partnership Agreement (Frank's International N.V.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!