Restrictions on Certain Admissions and Assignments. No Partner shall consent to any Person becoming a General Partner or Limited Partner, by Assignment of its Interest in the Partnership or otherwise, to the extent that, to the knowledge of such Partner, such Person is a “disqualified person” or more than five percent (5%) of the interests in such Person are owned by “disqualified persons” with respect to a Foundation Partner, without the prior written consent of such Foundation Partner.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Equisource Hotel Fund I, LLP), Limited Partnership Agreement (CapSource Fund I, LP), Limited Partnership Agreement (Bridge Private Lending, LP)
Restrictions on Certain Admissions and Assignments. No Partner shall consent to any Person becoming a General Partner or Limited Partner, by Assignment of its Interest in the Partnership or otherwise, to the extent that, to the knowledge of such Partner, such Person is a “"disqualified person” " or more than five percent (5%) of the interests in such Person are owned by “"disqualified persons” " with respect to a Foundation Partner, without the prior written consent of such Foundation Partner.
Appears in 1 contract
Samples: Limited Liability Partnership Agreement (Equisource Hotel Fund I, LLP)