Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer its Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer"), without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.
Appears in 4 contracts
Samples: Boykin Lodging Trust Inc, Boykin Lodging Co, Liberty Self Stor Inc
Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer its his Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer"), ) without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.
Appears in 4 contracts
Samples: Partnership Interest Purchase and Exchange Agreement (United Dominion Realty Trust Inc), United Dominion Realty Trust Inc, United Dominion Realty Trust Inc
Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IXSection 9.02(d) hereof, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer its his Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer"), ) without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.
Appears in 4 contracts
Samples: Agreement (Humphrey Hospitality Trust Inc), RFS Hotel Investors Inc, RFS Hotel Investors Inc
Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IXSubject to the provisions of 9.02(b), no (c) and (d), a Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer its all or any portion of his Limited Partnership Interest, in whole or in partany of such Limited Partner's economic rights as a Limited Partner, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer"), ) with or without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.
Appears in 3 contracts
Samples: Agreement (Investors Real Estate Trust), Agreement (Investors Real Estate Trust), Investors Real Estate Trust
Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer its his Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer"), ) without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.
Appears in 2 contracts
Samples: Winston Hotels Inc, Equity Inns Inc
Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer its Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "“Transfer")”) or withdraw or retire from the Partnership, without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith. In no event may a Partner have any rights to distributions pursuant to Act Section 17-604.
Appears in 2 contracts
Samples: Notice and Agreement (Stirling Hotels & Resorts, Inc.), Contribution Agreement (Ashford Hospitality Trust Inc)
Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge assign or otherwise transfer its Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer"), without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.
Appears in 2 contracts
Samples: Initial and Corporate (Innsuites Hospitality Trust), Realty Refund Trust
Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise other wise transfer its his Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "“Transfer"), ”) without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor transfer or assume all costs incurred by the Partnership in connection therewith.
Appears in 1 contract
Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer its Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "“Transfer"”), without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Stonehaven Realty Trust)
Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IX9, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer its his Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer"), ) without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.
Appears in 1 contract
Samples: Reorganization Agreement (Mid America Apartment Communities Inc)