No Transfers to Holders of Nonrecourse Liabilities. No pledge or transfer of any OP Units may be made to a lender to the Partnership or any Person who is related (within the meaning of Section 1.752-4(b) of the Regulations) to any lender to the Partnership whose loan constitutes a Nonrecourse Liability without the consent of the General Partner, in its sole and absolute discretion.
Appears in 4 contracts
Samples: Agreement (First Union Real Estate Equity & Mortgage Investments), Shelbourne Properties I Inc, Shelbourne Properties Ii Inc
No Transfers to Holders of Nonrecourse Liabilities. No pledge or transfer of any OP Partnership Units may be made to a lender to the Partnership or any Person who is related (within the meaning of Section 1.752-4(b) of the Regulations) to any lender to the Partnership whose loan constitutes a Nonrecourse Liability without the consent of the General Partner, in its sole and absolute discretion.
Appears in 2 contracts
Samples: CBL & Associates Limited Partnership, CBL & Associates Limited Partnership
