Common use of Transfer by General Partner Clause in Contracts

Transfer by General Partner. The General Partner may not voluntarily withdraw or Transfer all or any portion of its General Partner Interest. Notwithstanding the foregoing, the General Partner may pledge its General Partner Interest in furtherance of the Partnership's business (including without limitation, in connection with a loan agreement under which the Partnership is a borrower) without the consent of any Partner.

Appears in 4 contracts

Samples: Limited Partnership Agreement (First Industrial Realty Trust Inc), Limited Partnership Agreement (First Industrial Realty Trust Inc), Limited Partnership Agreement (Hamlin Clay W Iii)

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Transfer by General Partner. The General Partner may not voluntarily withdraw or Transfer all or any portion of its General Partner Interest. Notwithstanding the foregoing, the General Partner may pledge its General Partner Interest in furtherance of the Partnership's ’s business (including without limitation, in connection with a loan agreement under which the Partnership is a borrower) without the consent of any Partner.

Appears in 3 contracts

Samples: Limited Partnership Agreement (First Industrial Realty Trust Inc), Limited Partnership Agreement (First Industrial Realty Trust Inc), Limited Partnership Agreement (First Industrial Realty Trust Inc)

Transfer by General Partner. The General Partner may not voluntarily withdraw Transfer any or Transfer all or any portion of its General Partner Partnership Interest, whether now owned or hereafter acquired, without a prior Majority Approval and without any required consent of Construction Lender. Notwithstanding the foregoing, the Majority Approval shall not be required in the event of a Transfer by the General Partner may pledge of all of its General Partner Partnership Interest in furtherance to an Affiliate of the Partnership's business (including without limitation, in connection with a loan agreement under which the Partnership is a borrower) without the consent of any General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cornerstone Healthcare Plus Reit, Inc.)

Transfer by General Partner. The General Partner may not voluntarily withdraw or or, except as provided in Section 8.2, Transfer all or any portion of its General Partner Interest. Notwithstanding the foregoing, the General Partner may pledge its General Partner Interest in furtherance of the Partnership's business (including including, without limitation, in connection with a loan agreement under which the Partnership is a borrower) without the consent Consent of any Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Corporate Office Properties Trust)

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Transfer by General Partner. The General Partner may not voluntarily withdraw or Transfer all or any portion of its General Partner Interest. Notwithstanding the foregoing, the General Partner may pledge its General Partner Interest in furtherance of the Partnership's business (including without limitation, in connection with a loan agreement under which the Partnership is a borrower) without the consent of any Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Mills Corp)

Transfer by General Partner. The General Partner may shall not assign or otherwise transfer (collectively, "Transfer") its interest, and shall not voluntarily withdraw or Transfer all or any portion of its as General Partner Interest. Notwithstanding of the foregoingPartnership, except with the consent of Two-Thirds in Interest of the Limited Partners; provided, however, that the General Partner may pledge Transfer its interest to any successor of the General Partner Interest in furtherance or Affiliate of the Partnership's business (including without limitation, in connection with a loan agreement under which the Partnership is a borrower) Conning Corporation without the consent of any Partnerthe Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Metropolitan Life Insurance Co/Ny)

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