Common use of Transfer or Pledge by a Partner Clause in Contracts

Transfer or Pledge by a Partner. A Partner may transfer or pledge its Partnership Interest without restriction. The pledge or hypothecation of, or the granting of any security interest or other lien or encumbrance against, all or part of a Partner’s interest in the Partnership by the Partner will not cause the withdrawal of the Partner from the Partnership.

Transfer or Pledge by a Partner. A Partner may transfer or pledge ------------------------------- its Partnership Interest without restriction. The pledge or hypothecation of, or the granting of any security interest or other lien or encumbrance against, all or part of a Partner’s 's interest in the Partnership by the Partner will not cause the withdrawal of the Partner from the Partnership.