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

Transfer of Interest of General Partner. A General Partner may not Transfer all or any portion of its Interest as the General Partner except to Persons who have agreed to be bound by all of the terms of this Agreement and applicable law. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3.

Transfer of Interest of General Partner. A The General Partner may not Transfer transfer all or any portion of its Partnership Interest as the General Partner except to Persons who have agreed to be bound by all of the terms of this Agreement and applicable law. If a General Partner Transfers its entire Interest as General (or any rights therein) without the consent of the Limited Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3.

Transfer of Interest of General Partner. A General Partner may not Transfer all or any portion of its Interest as the General Partner except to Persons persons who have agreed to be bound by all of the terms of this Agreement and pursuant to applicable law. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In By executing this Agreement, each other Partner is shall be deemed to have consented to any such Transfer contemplated permitted by this Section 4.3the preceding sentence.

Transfer of Interest of General Partner. A General Partner may not Transfer all or any portion of its Interest as the General Partner except to Persons who have agreed to be bound by all of the terms of this Agreement and applicable law. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(aSECTION 2.6(A) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section SECTION 4.3.

Transfer of Interest of General Partner. A General Partner may not Transfer all or any portion of its Interest as the General Partner except without the unanimous consent of the Board of Directors, and any such Transfer shall only be to Persons a Person who have has agreed to be bound by all of the terms of this Agreement and applicable lawAgreement. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3.

Transfer of Interest of General Partner. A General Partner may not Transfer all or any portion of its Interest as the General Partner except to Persons who have agreed to be bound by all of the terms of this Agreement and applicable law. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(aSection (a) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3.