Common use of Transfer of Partners' Interests Clause in Contracts

Transfer of Partners' Interests. No Partner shall sell, assign, transfer or otherwise dispose of, or mortgage, hypothecate, pledge or otherwise encumber, or permit or suffer any encumbrance of, all or any part of its interest in the Partnership, or any interest therein; provided, however, that each Partner may pledge its

Transfer of Partners' Interests. No Partner shall sell, assign, transfer or otherwise dispose of, or mortgage, hypothecate, pledge or otherwise encumber, or permit or suffer any encumbrance of, all or any part of its interest in the Partnership, or any interest therein; provided, however, that each Partner may pledge itsits interest in the Partnership to any lender making a loan secured, in whole or in part, by a mortgage or deed of trust on the Property.