Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 8.01 and 8.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest or Partnership Units until the Partnership has received notice thereof. (b) Any Person who is the assignee of all or any portion of a Limited Partner’s Partnership Interest or Partnership Units, but does not become a Substitute Limited Partner and desires to make a further assignment of such Partnership Interest or Partnership Units, shall be subject to all the provisions of this Article VIII to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Partnership Interest or Partnership Units.
Appears in 27 contracts
Samples: Limited Partnership Agreement (MPT of West Anaheim, LLC), Limited Partnership Agreement (MPT of West Anaheim, LLC), Limited Partnership Agreement (MPT of West Anaheim, LLC)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 8.01 9.01 and 8.02 9.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest or Partnership Units until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Partnership Interest or Partnership Units, but does not become a Substitute Limited Partner and desires to make a further assignment of such Partnership Interest or Partnership Units, shall be subject to all the provisions of this Article VIII IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Partnership Interest or Partnership Units.
Appears in 8 contracts
Samples: Limited Partnership Agreement (Highland Hospitality Corp), Limited Partnership Agreement (MHI Hospitality CORP), Limited Partnership Agreement (Asset Capital Corporation, Inc.)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 8.01 9.01 and 8.02 9.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest or Partnership Units until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s 's Partnership Interest or Partnership Units, but does not become a Substitute Limited Partner and desires to make a further assignment of such Partnership Interest or Partnership Units, shall be subject to all the provisions of this Article VIII IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Partnership Interest or Partnership Units.
Appears in 1 contract
Samples: Limited Partnership Agreement (Medical Properties Trust Inc)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 8.01 9.01 and 8.02 9.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest or Partnership Units until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest or and allocable Partnership Units, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest or and allocable Partnership Units, shall be subject to all the provisions of this Article VIII IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest or and allocable Partnership UnitsUnits .
Appears in 1 contract
Samples: Limited Partnership Agreement (Adaptive Real Estate Income Trust, Inc.)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 8.01 and 8.02 hereof, except as required by operation of law, the Partnership shall not be obligated obligated, for any purposes whatsoever whatsoever, to recognize the assignment by any Limited Partner of its Partnership Interest or Partnership Units until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Partnership Interest or Partnership Units, but does not become a Substitute Limited Partner and desires to make a further assignment of such Partnership Interest or Partnership Units, shall be subject to all the provisions of this Article VIII to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Partnership Interest or Partnership Units.
Appears in 1 contract
Samples: Limited Partnership Agreement (MPT of West Anaheim, LLC)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 8.01 9.01 and 8.02 9.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest or Partnership Units until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Partnership Interest or Partnership Units, but does not become a Substitute Limited Partner and desires to make a further assignment of such Partnership Interest or Partnership Units, shall be subject to all the provisions of this Article VIII IX. to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Partnership Interest or Partnership Units.
Appears in 1 contract
Samples: Limited Partnership Agreement (Highland Hospitality Corp)