Right to Transfer/Exceptions Clause Samples

Right to Transfer/Exceptions. Except as otherwise herein in this Article IX provided, there shall be no restriction on the right, power or authority of any Partner to sell, transfer, convey or assign its Partnership Interest. Notwithstanding the foregoing, a Partner may not pledge, collaterally assign or otherwise encumber in any way all or any part of its Partnership Interest in the Partnership without the prior written consent of the other Partner (which consent may be given or withheld by such other Partner in its sole and absolute discretion).