Common use of Restrictions on Partners Clause in Contracts

Restrictions on Partners. Except as expressly provided for in this Agreement, no Partner may (a) in its capacity as a Partner, file or record, or permit to be or remain filed or recorded against any property of the Partnership, any hypothec, mortgage, charge, privilege, lien, security interest or other encumbrance in respect of its interest in the Partnership; or (b) seek to compel a partition or sale, judicial or otherwise, of any property of the Partnership or otherwise require any property of the Partnership to be Distributed to any Partner in kind.

Appears in 5 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Coal Valley Resources Inc.), Limited Partnership Agreement (Dollarama CORP)

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