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

Transfer of the General Partner’s Partnership Interest. The General Partner shall not transfer all or any portion of its General Partnership Interests, and the General Partner shall not withdraw as General Partner, except as provided in or in connection with a transaction contemplated by Sections 7.01(c), (d) or (e) hereof.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Pebblebrook Hotel Trust), Agreement of Limited Partnership (Pebblebrook Hotel Trust)

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Transfer of the General Partner’s Partnership Interest. The General Partner shall may not transfer all or any portion of its General Partnership Interests, and the General Partner shall not Interest or withdraw as General Partner except (i) for transfers to a wholly-owned subsidiary of the General Partner, except as provided in or to a partnership or limited liability company controlled by the General Partner, or (ii) in connection with a transaction contemplated by Sections 7.01(c)merger, (d) consolidation or (e) hereofother combination with or into another Person or a sale of all or substantially all of its assets. In any such circumstance, such transferee shall be admitted as a substitute General Partner hereunder.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Western Investment Real Estate Trust), Limited Partnership Agreement (Western Properties Trust)

Transfer of the General Partner’s Partnership Interest. (a) The General Partner shall not transfer all or any portion of its General Partnership Interests, and the General Partner shall not Interest or withdraw as General Partner, Partner except as provided in in, or in connection with a transaction contemplated by Sections 7.01(cby, Section 7.1(b). (b) The General Partner shall not engage in any merger, consolidation or other combination with or into another Person or the sale of all or substantially all of its assets, (dother than in connection with a change in the General Partner’s state of incorporation or organizational form) or (e) hereofin each case which results in a change of control of the General Partner, unless approved by the Limited Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.)

Transfer of the General Partner’s Partnership Interest. The General Partner shall not transfer all or any portion of its General Partnership Interests, and the General Partner shall not Interest or withdraw as General Partner, Partner except as provided in in, or in connection with a transaction contemplated by Sections 7.01(cby, Section 7.1(c), (d) or (e) hereof).

Appears in 1 contract

Samples: Limited Partnership Agreement (Apollo Realty Income Solutions, Inc.)

Transfer of the General Partner’s Partnership Interest. The General Partner shall not may, in its sole and absolute discretion and without the consent of the Limited Partners, transfer all or any portion of its General Partnership Partner Interests, and the General Partner shall not may withdraw as General Partner, except as provided in or in connection with Partner and appoint a transaction contemplated by Sections 7.01(c), (d) or (e) hereofsubstitute general partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Ventas Inc)

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Transfer of the General Partner’s Partnership Interest. The Other than to an Affiliate of the General Partner, the General Partner shall may not transfer all or any portion of its General Partnership Interests, and the General Partner shall not Interest or Limited Partnership Interest or withdraw as General Partner, Partner except as provided in or in connection with a transaction contemplated by Sections Section 7.01(c), (d) or (e) hereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (RFS Hotel Investors Inc)

Transfer of the General Partner’s Partnership Interest. The General Partner shall not transfer all or any portion of its General Partnership Interests, and the General Partner shall not Interest or withdraw as General Partner, Partner except as provided in in, or in connection with a transaction contemplated by by, Sections 7.01(c7.1(c), (d7.1(d) or (e) hereof7.1(e).

Appears in 1 contract

Samples: Limited Partnership Agreement (Hines Global Reit Ii, Inc.)

Transfer of the General Partner’s Partnership Interest. The General Partner shall may not transfer all or any portion of its General Partnership Interests, and the General Partner shall not Interest or withdraw as General Partner, except as provided in unless Limited Partners holding a majority of the Percentage Interests of the Limited Partners (other than Limited Partner Interests held by the Company) consent to such transfer or in connection with a transaction contemplated by Sections 7.01(c), (d) or (e) hereofwithdrawal.

Appears in 1 contract

Samples: Limited Partnership Agreement (Provident Senior Living Trust)

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