Common use of Restrictions on the Disposition of an Interest Clause in Contracts

Restrictions on the Disposition of an Interest. (a) No Class B Limited Partner may Dispose of all or part of its interest in the Partnership without the prior written consent (which may be given or withheld in its sole discretion) of the General Partner, and then only after Sections 3.03(c), (d) and (e) have been complied with, except that a Class B Limited Partner may Dispose of all of its interest upon the death of such Class B Limited Partner or upon becoming a Bankrupt Partner, but in each case only after compliance with Sections 3.03(c), (d) and (e). Neither the General Partner nor the Class A Limited Partner may Dispose of all or a part of its interest in the Partnership to a Person who is not an Affiliate of Xxxxxx without the prior written consent of a Required Interest, and then only after Sections 3.03(c), (d) and (e) have been complied with.

Appears in 12 contracts

Samples: Agreement (Enterprise Products Partners L P), Management and Operation (Enterprise Products Partners L P), Enterprise Products Partners L P

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Restrictions on the Disposition of an Interest. (a) No Class B Limited Partner may Dispose of all or part of its interest in the Partnership without the prior written consent (which may be given or withheld in its sole discretion) of the General Partner, and then only after Sections 3.03(c), (d) and (e) have been complied with, except that a Class B Limited Partner Partners may Dispose of all of its interest upon the death of such Class B Limited Partner or upon becoming a Bankrupt Partner, but in each case only after compliance with Sections 3.03(c), (d) and (e). Neither the General Partner nor the Class A Limited Partner may Dispose of all or a part of its interest in the Partnership to a Person who is not an Affiliate of Xxxxxx Dxxxxx without the prior written consent of a Required Interest, and then only after Sections 3.03(c), (d) and (e) have been complied with.

Appears in 2 contracts

Samples: Agreement (Enterprise GP Holdings L.P.), Enterprise Products Partners L P

Restrictions on the Disposition of an Interest. (a) No Class B Limited Partner may Dispose of all or part of its interest in the Partnership without the prior written consent (which may be given or withheld in its sole discretion) of the General Partner, and then only after Sections 3.03(c), (d) and (e) have been complied with, except that a Class B Limited Partner Partners may Dispose of all of its interest upon the death of such Class B Limited Partner or upon becoming a Bankrupt Partner, but in each case only after compliance with Sections 3.03(c), (d) and (e). Neither the General Partner nor the Class A Limited Partner may Dispose of all or a part of its interest in the Partnership to a Person who is not an Affiliate of Xxxxxx without the prior written consent of a Required Interest, and then only after Sections 3.03(c), (d) and (e) have been complied with.

Appears in 1 contract

Samples: Enterprise Products Partners L P

Restrictions on the Disposition of an Interest. (a) No The Class B Limited Partner may not Dispose of all or part of its interest in the Partnership without the prior written consent (which may be given or withheld in its sole discretion) of the General Partner, and then only after Sections 3.03(c), (d) and (e) have been complied with, except that a the Class B Limited Partner may Dispose of all of its interest upon the death of such the Class B Limited Partner or upon becoming a Bankrupt Partner, but in each case only after compliance with Sections 3.03(c), (d) and (e). Neither the General Partner nor the Class A Limited Partner may Dispose of all or a part of its interest in the Partnership to a Person who is not an Affiliate of Xxxxxx without the prior written consent of a Required Interestthe Class B Limited Partner, and then only after Sections 3.03(c), (d) and (e) have been complied with.

Appears in 1 contract

Samples: Agreement (Teppco Partners Lp)

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Restrictions on the Disposition of an Interest. (a) No The Class B Limited Partner may not Dispose of all or part of its interest in the Partnership without the prior written consent (which may be given or withheld in its sole discretion) of the General Partner, and then only after Sections 3.03(c), (d) and (e) have been complied with, except that a the Class B Limited Partner may Dispose of all of its interest upon the death of such Class B Limited Partner or upon becoming a Bankrupt Partner, but in each case only after compliance with Sections 3.03(c), (d) and (e). Neither the General Partner nor the Class A Limited Partner may Dispose of all or a part of its interest in the Partnership to a Person who is not an Affiliate of Xxxxxx Dxxxxx without the prior written consent of a Required Interest, and then only after Sections 3.03(c), (d) and (e) have been complied with.

Appears in 1 contract

Samples: Agreement (Enterprise Products Partners L P)

Restrictions on the Disposition of an Interest. (a) No The Class B Limited Partner may not Dispose of all or part of its interest in the Partnership without the prior written consent (which may be given or withheld in its sole discretion) of the General Partner, and then only after Sections 3.03(c), (d) and (e) have been complied with, except that a the Class B Limited Partner may Dispose of all of its interest upon the death of such Class B Limited Partner or upon becoming a Bankrupt Partner, but in each case only after compliance with Sections 3.03(c), (d) and (e). Neither the General Partner nor the Class A Limited Partner may Dispose of all or a part of its interest in the Partnership to a Person who is not an Affiliate of Xxxxxx without the prior written consent of a Required Interest, and then only after Sections 3.03(c), (d) and (e) have been complied with.

Appears in 1 contract

Samples: Teppco Partners Lp

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