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

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

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Transfer of General Partner’s Interest. The General Partner may notshall not transfer, without the approval of a Majority in Interest of Limited Partnersassign, transfer its Partnership Interest encumber, hypothecate or otherwise convey all or any part thereofportion of its general partner interest in the Partnership without Major Decision Approval; provided, however, the General Partner may transfer, assign or otherwise convey all or any portion of its interest in the Partnership to any affiliate of the General 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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