Common use of Rights of Assignee of Partnership Interest Clause in Contracts

Rights of Assignee of Partnership Interest. (a) Except as provided in this Article and as required by operation of law, the Partnership shall not be obligated for any purpose whatsoever to recognize the assignment by any Limited Partner of his (its) Interest until the Partnership has received actual Notice thereof.

Appears in 9 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

AutoNDA by SimpleDocs

Rights of Assignee of Partnership Interest. (a) Except as provided in this Article Subject to the provisions of Section 11.01, and except as required by operation of law, the Partnership shall not be obligated for any purpose purposes whatsoever to recognize the assignment by any Limited Partner of his (its) such Limited Partner’s Partnership Interest until the Partnership has received actual Notice notice thereof.

Appears in 2 contracts

Samples: Limited Partnership Agreement (NGFC Equities, Inc.), Limited Partnership Agreement (NGFC Equities, Inc.)

Rights of Assignee of Partnership Interest. (a) Except as provided in this Article Subject to the provisions of Section 9.01, and except as required by operation of law, the Partnership shall not be obligated for any purpose purposes whatsoever to recognize the assignment by any Limited Partner of his (its) such Limited Partner’s Partnership Interest until the Partnership has received actual Notice thereofnotice thereof and the General Partner has consented thereto.

Appears in 1 contract

Samples: katchinvest.com

Rights of Assignee of Partnership Interest. (a) Except as provided in this Article Subject to the provisions of Section 10.01, and except as required by operation of law, the Partnership shall not be obligated for any purpose purposes whatsoever to recognize the assignment by any Limited Partner of his (its) such Limited Partner’s Partnership Interest until the Partnership has received actual Notice notice thereof.

Appears in 1 contract

Samples: Partnership Agreement

AutoNDA by SimpleDocs

Rights of Assignee of Partnership Interest. (a) Except as provided in this Article and as required by operation of law, the Partnership shall not be obligated for any purpose purposes whatsoever to recognize the assignment by any Limited Partner of his (its) or its Partnership Interest as permitted hereunder unless and until the Partnership has received actual Notice notice thereof, which notice must include such information and documentation with respect to the assignment as the General Partner may reasonably require.

Appears in 1 contract

Samples: Agreement (HTS-Sunset Harbor Partner, L.L.C.)

Rights of Assignee of Partnership Interest. (a) Except as provided in Subject to the provisions of this Article Section 13, and except as required by operation of law, the Partnership shall not be obligated for any purpose whatsoever to recognize the assignment by any a Limited Partner of his (its) its Interest until the Partnership has received actual Notice thereofnotice of the assignment.

Appears in 1 contract

Samples: Limited Partnership Agreement (Koger Equity Inc)

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