Common use of ASSIGNMENT OF GENERAL PARTNER'S INTEREST Clause in Contracts

ASSIGNMENT OF GENERAL PARTNER'S INTEREST. The General Partner may assign or encumber its right to receive distributions from the Partnership, or a portion thereof, without the consent of the Limited Partners. The General Partner, however, may not substitute any transferee as a general partner of the Partnership or assign any of the General Partner's duties and obligations created by the provisions of this Agreement without the approval of a Majority Vote. 9.

ASSIGNMENT OF GENERAL PARTNER'S INTEREST. The General Partner may assign or encumber its right to receive distributions from the Partnership, or a portion thereof, without the consent of the Limited Partners. The General Partner, however, may not substitute any transferee as a general partner of the Partnership or 12 13 assign any of the General Partner's duties and obligations created by the provisions of this Agreement without the approval of a Majority Vote. 9.

ASSIGNMENT OF GENERAL PARTNER'S INTEREST. The General Partner may assign or encumber its right to receive distributions from the Partnership, or a portion thereof, without the consent of the Limited Partners. The General Partner, however, may not substitute any transferee as a general partner substitute General Partner of the Partnership or assign any of the such General Partner's duties and obligations created by the provisions of this Agreement without the approval of a Majority Vote. 9.