Common use of Limited Partners Right to Transfer Clause in Contracts

Limited Partners Right to Transfer. Subject to the provisions of Sections 7.6, 7.7 and 9.7 hereof and this Section 9.2, no Limited Partner shall sell, assign, transfer or convey all or any portion of its Partnership Interest to any person or entity without the prior written consent of the General Partner. No Limited Partner shall pledge, encumber or place in lien on its Partnership Interest without the prior written consent of the General Partner. No successor to any of the Limited Partners' Partnership Interests shall become a substituted limited partner, as that term is used in the Act, without the prior written consent of the General Partner. Any consent from the General Partner required under this Section 9.2 may be granted or withheld by the General Partner in its sole discretion.

Limited Partners Right to Transfer. Subject to the provisions of Sections 7.6, 7.7 and 9.7 hereof and this Section 9.2, no Limited Partner shall sell, assign, transfer or convey all or any portion of its Partnership Interest to any person or entity without the prior written consent of the General Partner. No Limited Partner shall pledge, encumber or place in a lien on its Partnership Interest without the prior written consent of the General Partner. No successor to any of the Limited Partners' Partnership Interests shall become a substituted limited partner, as that term is used in the Act, without the prior written consent of the General Partner. Any consent from the General Partner required under this Section 9.2 may be granted or withheld by the General Partner in its sole discretion.