Common use of Rights of Assignees Clause in Contracts

Rights of Assignees. The Assignee of a Partnership Interest has no management or voting rights and, unless the Assignee is a Permitted Transferee, no right to become a Partner. The Assignee’s only rights are the Economic Interest allocable to the Transferred Partnership Interest.

Appears in 4 contracts

Samples: Limited Partnership Agreement, Partnership Agreement, Limited Partnership Agreement (Strategic Hotel Capital Inc)

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Rights of Assignees. The Assignee of a Partnership Interest has no management or voting rights Management Rights and, unless the Assignee is a Permitted Transferee, no right to become a Partner. The Assignee’s only rights are the Economic Interest Rights allocable to the Transferred Partnership Interest.

Appears in 3 contracts

Samples: Limited Partnership Agreement (CNL Income Mesa Del Sol, LLC), Limited Liability Limited Partnership Agreement (CNL Income Properties Inc), Partnership Interest Purchase Agreement (CNL Income Properties Inc)

Rights of Assignees. The Assignee of a Partnership Interest has ----------- -------------------- no management or voting rights and, unless the Assignee is a Permitted Transferee, no right to become a Partner. The Assignee’s 's only rights are the Economic Interest Rights allocable to the Transferred Partnership Interest.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hersha Hospitality Trust)

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Rights of Assignees. The Assignee of a Partnership Interest has no management or voting rights Management Rights and, unless the Assignee is a Permitted Transferee, no right to become a PartnerPartner except as specifically permitted under and in compliance with Sections 9.2 or 9.3. The Assignee’s only rights are the Economic Interest Rights allocable to the Transferred Partnership Interest.

Appears in 1 contract

Samples: Limited Partnership Agreement (CNL Income Properties Inc)

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