Common use of NO TRANSFER OF PARTNERSHIP INTERESTS Clause in Contracts

NO TRANSFER OF PARTNERSHIP INTERESTS. Neither the General Partner nor the Limited Partner shall sell, transfer, assign, convey or otherwise dispose of, or encumber or hypothecate, all or any part of its Partnership Interest to any Person. Any such purported transfer or pledge shall be deemed null and void and shall not be recognized by the Partnership or the other Partners.

NO TRANSFER OF PARTNERSHIP INTERESTS. Neither the General Partner nor the Limited Partner shall sell, transfer, assign, convey or otherwise dispose ofof ("Transfer"), or encumber or hypothecatehypothecate ("Pledge"), all or any part of its Partnership Interest to any Person. Any such purported transfer Transfer or pledge Pledge, shall be deemed null and void and shall not be recognized by the Partnership or the other Partners.