Common use of Assignments of Partnership Interest Clause in Contracts

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 Limited Partner may sell, assign, pledge or otherwise transfer or encumber (collectively, “collectively "transfer”") all or any part of its his interest in the Partnership Partnership, nor shall any Limited Partner have the power to any person without substitute a transferee in his place as a substitute Limited Partner, without, in either event, having obtained the prior written consent of the other General Partner, which consent may be granted given 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 Limited Partner may sell, assign, pledge or otherwise transfer or encumber (collectively, “transfer”collectively "TRANSFER") all or any part of its his interest in the Partnership Partnership, nor shall any Limited Partner have the power to any person without substitute a transferee in his place as a substitute Limited Partner, without, in either event, having obtained the prior written consent of the other General Partner, which consent may be granted given 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. No Limited Partner may sell, assign, pledge or otherwise transfer or encumber (collectively, “transfer”) all or any part of its such Limited Partner’s interest in the Partnership Partnership, nor shall any Limited Partner have the power to any person without substitute a transferee in his or her place as a substitute Limited Partner, without, in either event, having obtained the prior written consent of the other General Partner, which consent may be granted given 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 Limited Partner may sell, assign, pledge or otherwise transfer or encumber (collectively, “transferTransfer”) all or any part of its his or her interest in the Partnership Partnership, nor shall any Limited Partner have the power to any person without substitute a transferee in his or her place as a substitute Limited Partner, without, in either event, having obtained the prior written consent of the other General Partner, which consent may be granted given 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 Limited Partner may sell, assign, pledge or otherwise transfer or encumber (collectively, “collectively "transfer”") all or any part of its his interest in the Partnership Partnership, nor shall any Limited Partner have the power to any person without substitute a transferee in his place as a substituted Limited Partner, without, in either event, having obtained the prior written consent of the other General 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 Limited Partner may shall sell, assign, pledge or otherwise transfer or encumber (collectively, collectively “transfer”) all or any part of its his interest in the Partnership Partnership, nor shall any Limited Partner have the power to any person without substitute a transferee in his place as a substituted Limited Partner, without, in either event, having obtained the prior written consent of the other Managing General 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.