Restrictions on Transfer of Partnership Interests. (a) Subject to the provisions of Sections 8.02(b), (c) and (d) and except as provided in Article X hereof, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer all or any portion of its Partnership Interest or Partnership Units, or any 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”) without the consent of the General Partner, which consent may be granted or withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer to which it consents, that the transferor assume all costs incurred by the Partnership in connection therewith.
Restrictions on Transfer of Partnership Interests. (a) Subject to the provisions of Sections 9.02(b), (c) and (d), no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer all or any portion of his Partnership Interest or Partnership Units, or any 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”) without the consent of the General Partner, which consent may be granted or withheld in its sole and absolute discretion. The General Partner may require, as a condition of any Transfer to which it consents, that the transferor assume all costs incurred by the Partnership in connection therewith.
Restrictions on Transfer of Partnership Interests. A Partner may Transfer his or her Partnership Interest to another Person subject to the following restrictions:
Restrictions on Transfer of Partnership Interests. Except as provided in Section 8.5 below and Article 10 hereof, no Partnership Interest may be transferred, conveyed, sold, hypothecated, encumbered or assigned without the prior unanimous Vote or written consent of the Partners pursuant to Section 6.4.8 hereof.
Restrictions on Transfer of Partnership Interests. (a) ------------------------------------------------- Except as permitted by the Financing Documents, no Partner may, directly or indirectly, assign, sell, exchange, transfer, pledge, hypothecate or otherwise dispose of all or any part of its interest in the Partnership (any assignment, sale, exchange, transfer, pledge, hypothecation or other disposition of an interest in the Partnership being herein collectively called a "Transfer") to -------- any person, other than in accordance with paragraph (b) below.
Restrictions on Transfer of Partnership Interests. (a) PERMITTED TRANSFERS Neither Partner may transfer, sell, alienate, assign or otherwise dispose of all or any part of its interest in the Partnership, whether voluntarily, involuntarily or by operation of law, or at a judicial sale or otherwise; provided that nothing herein contained shall be construed to prohibit either
Restrictions on Transfer of Partnership Interests. (a) Subject to the provisions of Sections 9.02(b), (c) and (d), no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer all or any portion of his Partnership Interest or Partnership Units, or any 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”) without the consent of the General Partner, which consent may be granted or withheld in its sole and absolute discretion. Any such purported transfer undertaken without such consent shall be considered to be null and void ab initio and shall not be given effect. The General Partner may require, as a condition of any Transfer to which it consents, that the transferor assume all costs incurred by the Partnership in connection therewith.
Restrictions on Transfer of Partnership Interests. 60 Noncompetition Agreement and Protection of Confidential Information.....60
Restrictions on Transfer of Partnership Interests. Except as otherwise provided herein, no Partner may Transfer all or any portion of its Partnership Interest without the prior unanimous written consent of the Advisory Committee. Notwithstanding the foregoing, each Partner shall be permitted to Transfer all or any portion of its Partnership Interest to an Affiliate of such Partner. In addition, any Formation Partner shall be entitled to Transfer all or any portion of its Partnership Interest to the other Formation Partner. A Change in Control of a Formation Partner shall not be deemed a Transfer for purposes of this Agreement.
Restrictions on Transfer of Partnership Interests. Neither Partner may transfer, sell, alienate, assign or otherwise dispose of all or any part of its interest in the Partnership, whether voluntarily, involuntarily or by operation of law, or at a judicial sale or otherwise; provided, however, that nothing herein contained shall be construed to prohibit either (a) the transfer of Walnut's entire interest in the Partnership to Bluestone Coal Corporation ("Bluestone") or to any entity 100% of the equity of which is owned directly or indirectly by Bluestone, or (b) the transfer of Xxxxxxx' entire interest in the Partnership to Eastern Gas and Fuel Associates, a Massachusetts voluntary association ("Eastern"), or to any entity 100% of the equity of which is owned directly or indirectly by Eastern, so long as such transferee shall, immediately upon such transfer, become a Partner and expressly assume in writing the due and punctual performance of all the obligations of the transferring Partner under this Agreement and consent and undertake in writing to assume and perform all the obligations hereunder not theretofore performed and discharged by such Partner and to execute this Agreement and be bound by all the terms and provisions hereof; provided, however, that no such transfer shall be permitted without the express written consent of the nontransferring Partner if such transfer would, in the reasonable opinion of the nontransferring Partner, result in adverse tax consequences to the nontransferring Partner under the Code. Whenever pursuant to this Section 7 any transferee is entitled to become a Partner, the other Partner agrees to execute an appropriate instrument admitting such transferee as a Partner.
