Common use of Restrictions on Transfers by Limited Partners Clause in Contracts

Restrictions on Transfers by Limited Partners. (a) All or part of a Partnership Interest may be transferred by a Limited Partner only with the prior written approval of the General Partner, which approval may be granted or denied in the sole discretion of the General Partner.

Restrictions on Transfers by Limited Partners. (a) All or part of a Partnership Interest may be transferred by a Limited Partner only with the prior written approval of the General Partner, which approval may be granted or denied in the sole discretion of the General Partner. In no event may a Partnership Interest be transferred if such transfer would result in a default under the Guaranties, unless otherwise agreed to in writing by the General Partner.

Restrictions on Transfers by Limited Partners. (a) All or part of a Partnership Interest may be transferred by a Limited Partner only with the prior written approval of the General Partner, which approval may be granted or denied in the its sole discretion of the General Partner.discretion