Common use of Conditions to Transfer Clause in Contracts

Conditions to Transfer. No Transfer of an interest in the Partnership shall be permitted if (I) such Transfer would result in a violation of applicable law, including any securities laws, (II) as a result of such Transfer, either the Partnership or the Fund would be required to register as an investment company under the Investment Company Act of 1940, as amended, or (III) such Transfer would result in the Partnership at any time during its taxable year having more than 100 members, within the meaning of section 1.7704-1(h)(1)(ii) of the Treasury Regulations (taking into account section 1.7704-1(h)(3) of the Treasury Regulations). No attempted or purported Transfer in violation of this Section 8.2 shall be effective.

Conditions to Transfer. No Transfer of an interest in the Partnership shall be permitted if (Ii) such Transfer would result in a violation of applicable law, including any securities laws, (IIii) as a result of such Transfer, either the Partnership or the Fund would be required to register as an investment company under the Investment Company Act of 1940, as amended, or (IIIiii) such Transfer would result in the Partnership at any time during its taxable year having more than 100 memberspartners, within the meaning of section 1.7704-1(h)(1)(ii) of the Treasury Regulations (taking into account section 1.7704-1(h)(3) of the Treasury Regulations). No attempted or purported Transfer in violation of this Section 8.2 shall be effective.

Conditions to Transfer. No Transfer of an interest in the Partnership shall be permitted if (Ii) such Transfer would result in a violation of applicable law, including any securities laws, (IIii) as a result of such Transfer, either the Partnership or the Fund would be required to register as an investment company under the Investment Company Act of 1940, as amendedAct, or (IIIiii) such Transfer would result in the Partnership at any time during its taxable year having more than 100 memberspartners, within the meaning of section 1.7704-1(h)(1)(ii) of the Treasury Regulations (taking into account account section 1.77041. 7704-1(h)(3) of the Treasury Regulations). No attempted or purported Transfer in violation of this Section 8.2 shall be effective.

Conditions to Transfer. No Transfer of an interest in the Partnership shall be permitted if (I) such Transfer would result in a violation of applicable law, including any securities laws, (II) as a result of such Transfer, either the Partnership or the Fund would be required to register as an investment company under the Investment Company Act of 1940, as amended, or (III) such Transfer would result in the Partnership at any time during its taxable year having more than 100 members, within the meaning of section 1.7704-1(h)(1)(ii) of the Treasury Regulations (taking into account section 1.7704section 1. 7704-1(h)(3) of the Treasury Regulations). No attempted or purported Transfer in violation of this Section 8.2 shall be effective.