Common use of Transfer by General Partner Clause in Contracts

Transfer by General Partner. Notwithstanding any of the provisions of this Agreement to the contrary, the General Partner and its Affiliates may, without the consent of the Limited Partners, Transfer any or all of their Units (whether Limited Partner or General Partner Units) to any IASIS Affiliate or any third party, and may pledge, encumber, or otherwise give as collateral for loans or other indebtedness, any of their interests in the Partnership, and the pledgee or other holder of any such pledge, encumbrance, or security interest may exercise its rights with respect thereto, including without limitation, its rights to foreclose, transfer, convey, sell or assign such interests, without the consent of, or notice to, any other Partner; provided, however, that any such transferee of any or all of the General Partner's Units agrees in writing to be bound by the terms of this Agreement by executing a joinder in the form set forth as Exhibit D. In furtherance (and not in limitation) of the foregoing, the General Partner may, without the consent of the Limited Partners, appoint a substitute General Partner and/or additional General Partners.

Transfer by General Partner. Notwithstanding any of the provisions of this Agreement to the contrary, the General Partner and its Affiliates may, without the consent of the Limited Partners, Transfer any or all of their Units (whether Limited Partner or General Partner Units) to any IASIS Affiliate or any third party, and may pledge, encumber, or otherwise give as collateral for loans or other indebtedness, any of their interests in the Partnership, and the pledgee or other holder of any such pledge, encumbrance, or security interest may exercise its rights with respect thereto, including without limitation, its rights to foreclose, transfer, convey, sell or assign such interests, without the consent of, or notice to, any other Partner; provided, however, that any such transferee of any or all of the General Partner's Units agrees in writing to be bound by the terms of this Agreement by executing a joinder in the form set forth as Exhibit D. In furtherance (and not in limitation) of the foregoing, the General Partner may, without the consent of the Limited Partners, appoint a substitute General Partner and/or additional General Partners.. 12.5