Common use of Consent Not Required Clause in Contracts

Consent Not Required. No consent of the Limited Partners is required to effect the substitution of a Limited Partner, except that a Limited Partner assigning its Interest must evidence its intention that its assignee be admitted as a Substituted Limited Partner in its place and execute any instruments required in connection therewith.

Consent Not Required. No consent of any of the Limited Partners is required to effect the substitution of a Limited Partner, except that a Limited Partner assigning its Interest who assigns his or her interest must evidence its his or her intention that its the assignee be admitted as a Substituted substituted Limited Partner in its such Partner's place and he or she must execute any instruments required in connection therewithall necessary instruments.