Common use of Limited Partner Transfers Clause in Contracts

Limited Partner Transfers. Except as otherwise specifically provided herein, no Limited Partner may transfer, voluntarily or involuntarily, all or any part of its interest in the Partnership, nor shall any Limited Partner have the power to substitute a transferee in its place as a substituted Limited Partner, without, in either event, having obtained the prior written consent of the General Partner, which consent shall be in the sole discretion of the General Partner.

Appears in 11 contracts

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

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Limited Partner Transfers. Except as otherwise specifically provided hereinpermitted by law, no Limited Partner may transfer, voluntarily or involuntarily, shall transfer all or any part of its interest Interest to any Person (including, without limitation, any transfer of all or any part of its Interest to a Person who becomes an Assignee of a beneficial Interest in the Partnership, nor shall any Limited Partner have the power to substitute although not a transferee in its place as a substituted Substitute Limited Partner, without, in either event, having obtained ) without the prior written consent of the General Partner, which consent shall may be in the sole discretion of withheld by the General PartnerPartner in its sole discretion.

Appears in 2 contracts

Samples: Limited Partnership Agreement (ET Wayne Finance, L.L.C.), Limited Partnership Agreement (ET Wayne Finance, L.L.C.)

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Limited Partner Transfers. Except as otherwise specifically provided hereinpermitted by law, no Limited Partner may transfer, voluntarily or involuntarily, shall transfer all or any part of its interest Interest to any Person (including, without lirnitation, any transfer of all or any part of its Interest to a Person who becomes an Assignee of a beneficial Interest in the Partnership, nor shall any Limited Partner have the power to substitute although not a transferee in its place as a substituted Substitute Limited Partner, without, in either event, having obtained ) without the prior written consent of the General Partner, which consent shall may be in the sole discretion of withheld by the General PartnerPartner in its sole discretion.

Appears in 1 contract

Samples: Limited Partnership Agreement (ET Wayne Finance, L.L.C.)

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