Common use of Assignment of Interest of General Partner Clause in Contracts

Assignment of Interest of General Partner. The General Partner shall not sell, assign, or otherwise transfer its interest or rights as the General Partner in the Partnership except with the prior approval of the Limited Partners given by Ordinary Resolution. Notwithstanding the foregoing, the General Partner may sell, assign or otherwise transfer its interest or rights as the General Partner in the Partnership to an affiliate of the General Partner without notice to, or prior approval of, the Limited Partners.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

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Assignment of Interest of General Partner. The General Partner shall will not sell, assign, transfer or otherwise transfer dispose of its interest or rights as the General Partner in the Partnership except with the prior approval of the Limited Partners given by Ordinary Resolution. Notwithstanding the foregoing, the General Partner may sell, assign or otherwise transfer its interest or rights as the General Partner in the Partnership to an affiliate of the General Partner without notice toa Special Resolution authorizing such sale, assignment, transfer or prior approval of, the Limited Partnersdisposition.

Appears in 1 contract

Samples: Limited Partnership Agreement

Assignment of Interest of General Partner. The General Partner shall may not sell, assign, or otherwise transfer its interest or rights as the General Partner in the Partnership except with the prior approval of the Limited Partners given by Ordinary Resolution. Notwithstanding the foregoing, provided, however, that the General Partner may sell, assign or otherwise transfer its interest or rights as the General Partner in the Partnership to an affiliate Affiliate of the General Partner without notice to, or the prior approval of, of the Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Assignment of Interest of General Partner. The General Partner shall may not sell, assign, transfer or otherwise transfer dispose of its interest or rights in the Partnership as the General Partner except if such sale, assignment, transfer or disposition is in the Partnership except connection with the prior approval of the Limited Partners given by Ordinary Resolution. Notwithstanding the foregoing, the General Partner may sell, assign and ancillary to a merger or otherwise transfer its interest or rights as the General Partner in the Partnership to an affiliate amalgamation of the General Partner without notice to, resulting in the surviving or prior approval of, continuing body corporate being the Limited PartnersGeneral Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement

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