Common use of Transfer of General Partner’s Interest Clause in Contracts

Transfer of General Partner’s Interest. The General Partner may not transfer all or any portion of its Partnership Interest without the approval of the Limited Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Sea Mar Management Inc), Limited Partnership Agreement (Sea Mar Management Inc)

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Transfer of General Partner’s Interest. The General Partner may not transfer all or any portion of its Partnership Interest not, without the approval of the a Majority in Interest of Limited PartnerPartners, transfer its Partnership Interest or any part thereof.

Appears in 2 contracts

Samples: Limited Partnership Agreement (HF Enterprises Inc.), Limited Partnership Agreement (SeD Intelligent Home Inc.)

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Transfer of General Partner’s Interest. The General Partner may shall not transfer transfer, assign, encumber, hypothecate or otherwise convey all or any portion of its general partner interest in the Partnership Interest without Major Decision Approval; provided, however, the approval General Partner may transfer, assign or otherwise convey all or any portion of its interest in the Partnership to any affiliate of the Limited PartnerGeneral Partner without having to obtain the prior written consent of any Partner or other person.

Appears in 1 contract

Samples: Limited Partnership Agreement (Behringer Harvard Multifamily Reit I Inc)

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