Transfer of Entire Interest Sample Clauses

Transfer of Entire Interest. Except as otherwise specifically provided in this Agreement or with the consent of the General Partner, all economic attributes of a transferor Limited Partner’s interest in the Partnership (such as the Limited Partner’s Capital Contribution, Capital Account balance, and obligation to return distributions or make other payments to the Partnership) shall carry over to a transferee in proportion to the percentage of the interest so transferred.
AutoNDA by SimpleDocs
Transfer of Entire Interest. If a Member has transferred all its Membership Interests to one or more Assignees in accordance with the terms of this Agreement, then such Member shall be deemed to have withdrawn from the Company (without any additional action required to be taken by such Member) when all of such Assignees have been admitted as Members in accordance with Section 10.3 hereof.
Transfer of Entire Interest. An obligation to transfer a Share under the provisions of this Clause 8 shall be deemed to be an obligation to transfer the entire legal and beneficial interest in such Share free from any Encumbrance.
Transfer of Entire Interest. Unless consented to by the other Joint Venturers in their sole discretion, the Joint Venturer transfers not less than all of its Joint Venture Interest, provided that the transferring Joint Venturer without any such consent may transfer (or, upon request of another Joint Venturer, shall only be allowed to transfer) less than 100% (but not less than 99% (the "Majority Partial Interest")) of its Joint Venture Interest in order to avoid adverse tax consequences to the Joint Venture or the Joint Venturers, provided that the holder of the Majority Partial Interest shall have the exclusive right to represent the Joint Venture Interest on the Management Committee;
Transfer of Entire Interest. Any transfer of Shares or Interests in Shares contemplated under this Agreement shall be deemed to carry an obligation to transfer the entire legal and beneficial interest in such Shares or Interests in Shares as the case may be, free from any lien, charge or other Encumbrance of any nature whatsoever (other than any security granted in favour of a licensed bank where the licensed bank in question has given its consent in writing to the transfer).
Transfer of Entire Interest. Immediately prior to the sale, transfer and assignment to Buyer thereof, Seller had good and marketable title to, and was the sole owner and holder of, such Senior Loan, and Seller is transferring such Senior Loan free and clear of any and all liens, pledges, encumbrances, charges, security interests or any other ownership interests of any nature encumbering such Senior Loan, except to the extent otherwise permitted in this Agreement and those liens listed as exceptions to coverage on the applicable schedule to the Title Policy (as hereinafter defined). Upon consummation of the purchase contemplated to occur in respect of such Senior Loan on the Purchase Date therefor, Seller will have validly and effectively conveyed to Buyer all legal and beneficial interest in and to such Senior Loan free and clear of any pledge, lien, encumbrance or security interest.
Transfer of Entire Interest. Immediately prior to the sale, transfer and assignment to Buyer thereof, Seller had good and marketable title to, and was the sole owner and holder of, such Junior Interest or Senior Interest, and Seller is transferring such Junior Interest or Senior Interest free and clear of any and all liens, pledges, encumbrances, charges, security interests or any other ownership interests of any nature encumbering such Junior Interest or Senior Interest. Upon consummation of the purchase contemplated to occur in respect of such Junior Interest or Senior Interest on the Purchase Date therefor, Seller will have validly and effectively conveyed to Buyer all legal and beneficial interest in and to such Junior Interest or Senior Interest free and clear of any pledge, lien, encumbrance or security interest.
AutoNDA by SimpleDocs
Transfer of Entire Interest. Immediately prior to the sale, transfer and assignment to Buyer thereof, Seller had good and marketable title to, and was the sole owner and holder of, such Mezzanine Loan, and Seller is transferring such Mezzanine Loan free and clear of any and all liens, pledges, encumbrances, charges, security interests or any other ownership interests of any nature encumbering such Mezzanine Loan. Upon consummation of the purchase contemplated to occur in respect of such Mezzanine Loan on the Purchase Date therefor, Seller will have validly and effectively conveyed to Buyer all legal and beneficial interest in and to such Mezzanine Loan free and clear of any pledge, lien, encumbrance or security interest.
Transfer of Entire Interest. Immediately prior to the sale, transfer and assignment to Buyer thereof, Seller had good and marketable title to, and was the sole owner and holder of, the Mezzanine Participation, and Seller is transferring the Mezzanine Participation free and clear of any and all liens, pledges, encumbrances, charges, security interests or any other ownership interests of any nature encumbering the Mezzanine Participation. Upon consummation of the purchase contemplated to occur in respect of the Mezzanine Participation on the Purchase Date therefor, Seller will have validly and effectively conveyed to Buyer all legal and beneficial interest in and to the Mezzanine Participation free and clear of any pledge, lien, encumbrance or security interest.
Transfer of Entire Interest. (a) Each Party shall be liable for the performance of all of its respective covenants, obligations and undertakings herein set forth which accrue during the period of its ownership interest in its Tract, and such liability shall continue with respect to any portion transferred until the notice requirement set forth below is complied with, at which time the transferring Party’s personal liability for future obligations shall terminate. The transferee Party shall automatically become liable for all obligations, performance requirements and amounts which arise subsequent to compliance with the notice requirement and the transfer of the interest in the transferring Party’s Tract. A Party transferring all or any portion of its interest in its Tract shall give notice to the other Parties of such transfer and shall include therein at least the following information:
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!