Common use of Transfer of Management Clause in Contracts

Transfer of Management. Upon any change of a general partner of the Limited Partnership, the replaced general partner shall do all things and shall take all steps to immediately and effectively transfer the management and operations, assets, books, records and accounts of the Limited Partnership to the new general partner, including the execution and delivery of all deeds, certificates, declarations of change and other documents whatsoever which may be necessary or desirable to effect such change and to convey all the assets of the Limited Partnership to the new general partner. All costs of such transfer shall be for the account of the Limited Partnership.

Transfer of Management. Upon the appointment of any change of a replacement general partner of the Limited Partnershippartner, the replaced general partner General Partner shall do all things and shall take all steps to immediately and effectively transfer the management and operationsoperation, assets, books, records and accounts of the Limited Partnership to the new general partner, partner including the execution and delivery of all deedsregistrations, certificatesbills of sale, declarations of change Certificates and other documents whatsoever which may be necessary or desirable to effect such change and to convey all the assets of the Limited Partnership to the new replacement general partnerpartner of the Limited Partnership. All costs of such transfer shall be for the account of the Limited Partnership.

Transfer of Management. Upon any change of a general partner of the Limited Partnership, the replaced general partner shall do all things and shall take all steps to immediately and effectively transfer the management and operations, assets, books, records and accounts of the Limited Partnership to the new general partner, including the execution and delivery of all deeds, certificates, declarations of change and other documents whatsoever which may be necessary or desirable to effect such change and to convey all the assets of the Limited Partnership to the new general partner. All costs of such transfer shall be for the account of the Limited Partnership.