Attachment by Creditors. If a Partnership Interest is subjected to attachment by a creditor, or is assigned for the benefit of any creditor, the Partnership Interest obtained by such creditor shall be only that of an assignee, and in no event shall such creditor have the rights of a Substitute or Additional Limited Partner.
Appears in 4 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (NGFC Equities, Inc.), Limited Partnership Agreement (NGFC Equities, Inc.)
Attachment by Creditors. If a Partnership Interest is subjected to attachment by a creditor, or is assigned for the benefit of any creditor, the Partnership Interest obtained by such creditor shall be only that of an assignee, and in no event shall such creditor have the rights of a Substitute or Additional Limited Partner, unless such creditor is a shareholder or affiliate of the General Partner, in which case such creditor shall have any and all rights of a Substitute or Additional Limited Partner.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Sea Breeze Power Corp), Limited Partnership Agreement, Limited Partnership Agreement (Sea Breeze Power Corp)
