Assignment or Transfer of Partnership Interests Sample Clauses

Assignment or Transfer of Partnership Interests. No Partner shall sell, assign, pledge, mortgage, or otherwise dispose of or Transfer, in whole or in part, its Partnership interest or its share of the Partnership's capital, assets or property or enter into any agreement, the result of which would be for another Person to become directly or indirectly interested in the Partnership.
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Assignment or Transfer of Partnership Interests. Without the written consent of all Partners, no Partner shall sell, assign, pledge, mortgage, or otherwise dispose of or Transfer, in whole or in part, its Partnership interest or its share of the Partnership's capital, assets or property or enter into any agreement, the result of which would be for another Person to become directly or indirectly interested in the Partnership.
Assignment or Transfer of Partnership Interests. (a) Except with regard to a pledge of its economic (but not management) interest in the Partnership to secure a borrowing pledge related to the activities or operations of the Partnership, the General Partner shall not sell, assign, pledge, mortgage, or otherwise dispose of or transfer (in each case, a “Transfer”) its interest in the Partnership or in its capital assets or property without the prior written consent of Eighty Percent (80%) in Interest of the Limited Partners.
Assignment or Transfer of Partnership Interests. Without the written consent of all Partners, no Partner shall sell, assign, pledge, mortgage, or otherwise dispose of or Transfer, in whole or in part, its Partnership interest or its share of the Partnership’s capital, assets or property or enter into any agreement, the result of which would be for another Person to become directly or indirectly interested in the Partnership. Notwithstanding the above, EDNC may assign or transfer its partnership interest in the Partnership to El Dorado Acid II, L.L.C., an Oklahoma limited liability company.
Assignment or Transfer of Partnership Interests. (a) Except as provided in paragraph 7.4, the General Partner shall not sell, assign or transfer, in whole or in part, its Partnership interest or its share of the Partnership's capital, assets or property or enter into any agreement, the result of which would be for another person, firm or corporation to become directly or indirectly interested in the Partnership without the prior written consent of a Majority in Interest of the Limited Partners. Notwithstanding the foregoing to the contrary, the General Partner shall be entitled to mortgage or pledge its interest in the Partnership.
Assignment or Transfer of Partnership Interests. (a) The General Partner shall not sell, assign, pledge, mortgage, or otherwise dispose of or transfer (in each case, a ''Transfer'') its interest in the Partnership or in its capital assets or property without the prior written consent of Two-Thirds in Interest of Limited Partners; provided, however, that the admission of a new partner or assignee to the General Partner or the transfer of interests in the General Partner shall not be deemed a Transfer of the General Partner's interest in the Partnership or its capital assets or property if immediately thereafter Xx. Xxxx directly or indirectly controls greater than fifty percent (50%) of the general partner (or other voting) interests in the General Partner.

Related to Assignment or Transfer of Partnership Interests

  • Transfer of Partnership Interests The foregoing power of attorney shall survive the delivery of an instrument of transfer by any Partner of the whole or any portion of or interest in its Partnership Interest, except that (i) where a Partner becomes a Former Partner, or (ii) where a Transferee of such Partnership Interest has been approved as a successor Partner and the Transferor shall thereupon cease being a Partner (all in accordance with this Agreement), then the power of attorney of the Former Partner or the Transferor Partner, as the case may be, shall survive the cessation of Partner status or the delivery of such instrument of transfer, as the case may be, for the sole purpose of enabling the attorneys-in-fact for such Former Partner or the Transferor Partner (or any of them) to execute, swear to, acknowledge and file any and all instruments necessary to effectuate or reflect such cessation, transfer and succession.

  • Transfers of Partnership Interests Except as the Partners may otherwise agree from time to time, a Partner may not Transfer all or any part of its Partnership Interest without the Consent of each other Partner, which Consent may be withheld in the sole discretion of each such other Partner.

  • Assignment of Membership Interests The Assignment of Membership Interests shall have been fully executed and delivered to Purchaser.

  • Transfer of Membership Interests (a) The Member may transfer its Membership Interest, in whole but not in part, but the transferee shall not be admitted as a Member except in accordance with Section 6.07. Until the transferee is admitted as a Member, the Member shall continue to be the sole member of the Company (subject to Section 1.02) and to be entitled to exercise any rights or powers of a Member of the Company with respect to the Membership Interest transferred.

  • Assignment of Membership Interest A Member may not assign the Member’s interest in the Company except with the written consent of all the other Members of record. Any such consent to assignment automatically entitles the assignee to become a Member. A Member’s membership interest may be evidenced by a certificate of membership interest issued by the Company.

  • Redemption of Partnership Interests of Non-citizen Assignees (a) If at any time a Limited Partner or Assignee fails to furnish a Citizenship Certification or other information requested within the 30-day period specified in Section 4.9(a), or if upon receipt of such Citizenship Certification or other information the General Partner determines, with the advice of counsel, that a Limited Partner or Assignee is not an Eligible Citizen, the Partnership may, unless the Limited Partner or Assignee establishes to the satisfaction of the General Partner that such Limited Partner or Assignee is an Eligible Citizen or has transferred his Partnership Interests to a Person who is an Eligible Citizen and who furnishes a Citizenship Certification to the General Partner prior to the date fixed for redemption as provided below, redeem the Partnership Interest of such Limited Partner or Assignee as follows:

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.

  • Transfers of Limited Partnership Interests 9.1 Restrictions on Transfer of Limited Partnership Interests.

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