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.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co)
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.
Appears in 1 contract
Samples: Limited Partnership Agreement (Performance Asset Management Co)
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.
Appears in 1 contract
Samples: Limited Partnership Agreement (Performance Asset Management Co)
