Common use of Effect of Prohibited Transfers Clause in Contracts

Effect of Prohibited Transfers. Any transfer of an interest in the Partnership by a Partner in violation of the terms of this Agreement shall be void and shall not be recognized by the Partnership. Any such transfer shall not cause a dissolution of the Partnership but shall result in the forfeiture of the transferor Partner's right to participate in the management of the Partnership, and the voting rights and requirements under this Agreement shall be appropriately modified; provided, however, that nothing herein shall be deemed to limit any right or remedies that the Partnership or any other Partner may have against such transferor Partner.

Effect of Prohibited Transfers. Any transfer of an any ownership interest in the Partnership by a 106 Partner in violation of the terms of this Agreement shall be void and shall not be recognized by the Partnership. Any such transfer shall not cause a dissolution of the Partnership partnership but shall result in the forfeiture loss by the Partner making such transfer of the transferor Partner's right to participate in vote with respect to Partnership matters until such Partner shall have rescinded such transfer to the management satisfaction of the Partnership, and the voting rights and requirements under this Agreement shall be appropriately modifiedall other Partners; provided, however, that nothing herein shall be deemed to limit any right or remedies that the such Partnership or any other Partner may have against such transferor violating Partner.

Effect of Prohibited Transfers. Any transfer of an interest in the Partnership by a Partner in violation of the terms of this Agreement shall be void and shall not be recognized by the Partnership. Any such transfer shall not cause a dissolution of the Partnership but shall result in the forfeiture of the transferor Partner's ’s right to participate in the management of the Partnership, and the voting rights and requirements under this Agreement shall be appropriately modified; provided, however, that nothing herein shall be deemed to limit any right or remedies that the Partnership or any other Partner may have against such transferor Partner.

Effect of Prohibited Transfers. Any transfer of an interest in the Partnership by a Partner in violation of the terms of this Agreement shall be void and shall not be recognized by the Partnership. Any such transfer shall not cause a dissolution of the Partnership Partnership, but shall result in the forfeiture of the transferor Partner's right to participate in the management of the Partnership, and the voting rights and requirements under this Agreement shall be appropriately modified; provided, however, that nothing herein shall be deemed to . This section does not limit any right or remedies that the Partnership or any the other Partner may have against such transferor Partnerthe Partner making the prohibited transfer.

Effect of Prohibited Transfers. Any transfer of an interest in the Partnership partnership by a Partner partner in violation of the terms of this Agreement shall be void and shall not be recognized by the Partnership. Any such transfer shall not cause a dissolution of the Partnership partnership, but shall result in the forfeiture of the transferor Partnerpartner's right to participate in the management of the Partnership, and the voting rights and requirements under this Agreement shall be appropriately modified; provided, however, that nothing herein shall be deemed to partnership. This section does not limit any right the partnership or remedies that the Partnership or any other Partner partners may have against such transferor Partnerthe partner making the prohibited transfer.