Common use of Interest of the Transferee Clause in Contracts

Interest of the Transferee. In the event that a Limited Partner shall have obtained the consent of the General Partner to a transfer of all or a portion of its Limited Partnership Interest in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent that the Capital Account relates to the transferred Interest.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

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Interest of the Transferee. In the event that a Limited Partner shall have obtained the written consent of the General Partner to a transfer of all or a portion of its Limited Partnership Interest in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent that the Capital Account relates to the transferred Interest.

Appears in 1 contract

Samples: Limited Partnership Agreement

Interest of the Transferee. In the event that a Limited Partner shall have obtained the consent of the General Partner GP to a transfer of all or a portion of its Limited Partnership Interest in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent that the Capital Account relates to the transferred Interest.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Interest of the Transferee. In the event that a Limited Partner shall have obtained the consent of the General Partner to a transfer of all or a portion of its Limited Partnership Interest in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent that the Capital Account relates to the transferred Interest.

Appears in 1 contract

Samples: Limited Partnership Agreement

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