Common use of Restrictions on Transfer of Limited Partnership Interests Clause in Contracts

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, Liberty Self Stor Inc, Boykin Lodging Co

AutoNDA by SimpleDocs

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, Humphrey Hospitality Trust 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 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

AutoNDA by SimpleDocs

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)

Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in this Article IXSubject to the provisions of Sections 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 1 contract

Samples: United Dominion Realty Trust Inc

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!