Common use of General Partner Transfers Clause in Contracts

General Partner Transfers. Except as otherwise specifically provided herein, the General Partner shall not transfer, voluntarily or involuntarily, all or any part of its interest in the Partnership, nor shall the General Partner have the power to substitute a transferee in its place as a substituted General Partner, without, in either event, having obtained the prior written consent of each Limited Partner, which consent shall be in the Limited Partners' sole discretion.

Appears in 9 contracts

Samples: Limited Partnership Agreement (Valor Telecommunications Southwest LLC), Limited Partnership Agreement (Valor Telecommunications Southwest LLC), Limited Partnership Agreement (Valor Telecommunications Southwest LLC)

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General Partner Transfers. Except as otherwise specifically provided herein, the General Partner shall not transfer, voluntarily or involuntarily, all or any part of its interest in the Partnership, nor shall the General Partner have the power to substitute a transferee in its place as a substituted General Partner, without, in either event, having obtained the prior written consent of each Limited Partner, which consent shall be in the Limited Partners' sole discretion.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Windstream Lexcom Wireless, LLC)

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