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.

Restrictions on Partners. Except No Partner will, 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 recorded, against any property of the Limited Partnership, any hypothec, mortgage, charge, privilege, lien, security interest caveat or other encumbrance charge in respect of its interest in the Limited Partnership; or or (b) seek to compel a partition or sale, judicial or otherwise, of any property of the Limited Partnership or otherwise require any property of the Limited Partnership to be Distributed distributed to any Partner in kind.