Assignments of Partnership Interest. No Partner may sell, assign, pledge or otherwise transfer or encumber (collectively, “transfer”) all or any part of its interest in the Partnership to any person without the written consent of the other Partner, which consent may be granted or withheld in its sole and absolute discretion; provided that if such consent is given, no further consent of the Partners shall be required to permit a pledgee of any Partner’s interest in the Partnership to be substituted for such Partner under this Agreement upon the valid exercise of such pledgee’s rights with respect to its collateral.
Assignments of Partnership Interest a. No Partner may transfer all or any part of its interest in the Partnership, nor shall any Partner have the power to substitute a transferee in its place as a substitute Partner, without, in either event, having obtained the consent of the other Partner.
Assignments of Partnership Interest. A duly executed Assignment of Partnership Interest for each of the JV Partnerships assigning and transferring the Partnership Interests.
Assignments of Partnership Interest. A Partner shall not sell, assign, pledge or otherwise transfer or encumber in any manner or by any means whatever any share in xxxxx any part of the interests of the Partnership now owned or hereafter acquired by it without having first obtained the consent of the other Partners or Partnership, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, the Managing General Partner shall have the right to transfer a portion of its interest in this Partnership without obtaining consent provided that the Managing General Partner maintains control, directly or indirectly, of not less than fifty-one (51%) percent interest in the Partnership.
Assignments of Partnership Interest. No Partner may transfer all or any part of its interest in the Partnership, nor shall any Partner have the power to substitute a transferee in its place as a substitute Partner, without, in either event, having obtained theconsent of all of the other Partners; provided that LBHI may transfer all or part of its interest to any one or more of its affiliates.
Assignments of Partnership Interest. No Member may sell, assign, pledge or otherwise transfer or encumber (collectively "transfer") all or any part of its interest in the Company, nor shall any Member have the power to substitute a transferee in his place as a substitute Member, without, in either event, having obtained the prior written consent of each other Member, which consent may be given or withheld in its sole discretion; provided that no such consent shall be required for a transfer by any Member of all of its interest in the Company to any affiliate of such Member so long as such Member remains contingently liable for the performance by such affiliate of its obligations hereunder and such transfer does not impose any legal, tax or regulatory burden upon the Company. Upon any such transfer to an affiliate of a Member's interest in the Company, such affiliate shall be admitted as a substitute Member of the Company in lieu of the transferor Member.
