Common use of Transfer of Common Limited Partner’s Partnership Interest Clause in Contracts

Transfer of Common Limited Partner’s Partnership Interest. A. Except as otherwise provided in this Section 11.2.A or Section 11.2.B, no Common Limited Partner shall withdraw from or transfer all or any portion of its interest in the Partnership (whether by sale, statutory merger, consolidation, liquidation or otherwise). Any attempted transfer of a Common Limited Partner Interest contrary to this Section 11.2.A shall be void ab initio. To the extent the prior sentence does not have the effect of preventing any such proposed transfer, the transfer shall cause the dissolution of the Partnership.

Appears in 4 contracts

Samples: Ii Contribution Agreement (Amb Property Lp), Ii Contribution Agreement (Amb Property Corp), Constructive Ownership Definition (Amb Property Corp)

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