Common use of Transfer of Limited Interests Clause in Contracts

Transfer of Limited Interests. (a) Permitted assignees of the Limited Owners shall be admitted as substitute Limited Owners pursuant to this Article V only upon the consent of the Managing Owner, which may be withheld by the Managing Owner (x) if the proposed assignee does not meet the established suitability requirements, or (y) to avoid adverse legal consequences to any Series in the Trust.

Transfer of Limited Interests. (a) Permitted assignees of the Limited Owners shall be admitted as substitute Limited Owners Owners, pursuant to this Article V V, only upon the consent of the Managing Owner, which may be withheld by in the Managing Owner (x) if the proposed assignee does not meet the established suitability requirementsOwner’s sole and absolute discretion. The parties hereto hereby agree that such restrictions are necessary and desirable in order to maintain each Series’ tax classification as a partnership, to avoid having any Series classified as a publicly traded partnership or (y) to avoid adverse legal consequences to any Series in the Trust.

Transfer of Limited Interests. (a) Permitted assignees of the Limited Owners shall be admitted as substitute Limited Owners Owners, pursuant to this Article V V, only upon the consent of the Managing Owner, which may be withheld by in the Managing Owner (x) if the proposed assignee does not meet the established suitability requirementsOwner's sole and absolute discretion. The parties hereto hereby agree that such restrictions are necessary and desirable in order to maintain each Series' tax classification as a partnership, to avoid having any Series classified as a publicly traded partnership or (y) to avoid adverse legal consequences to any Series in the Trust.

Transfer of Limited Interests. (a) Permitted assignees of the Limited Owners shall be admitted as substitute Limited Owners Owners, pursuant to this Article V V, only upon the consent of the Managing Owner, which may be withheld by in the Managing Owner (x) if Owner’s sole and absolute discretion. The parties hereto hereby agree that such restrictions are necessary and desirable in order to maintain the proposed assignee does not meet Trust’s tax classification as a partnership, to avoid having the established suitability requirements, Trust classified as a publicly traded partnership or (y) to avoid adverse legal consequences to any Series in the Trust.

Transfer of Limited Interests. (a) Permitted assignees of the Limited Owners shall be admitted as substitute Limited Owners Owners, pursuant to this Article V V, only upon the consent of the Managing Owner, which may be withheld by in the Managing Owner (x) if Owner’s sole and absolute discretion in order to maintain the proposed assignee does not meet Trust’s tax classification as a partnership, to avoid having the established suitability requirements, Trust classified as a publicly traded partnership or (y) to avoid adverse legal consequences to any Series in the Trust.