Transferability of General Partner’s Interest. (a) Except as otherwise provided herein, the General Partner may not, directly or indirectly, sell, exchange, transfer, assign, pledge, hypothecate or otherwise dispose of all or any portion of its interest in the Partnership (any such direct or indirect sale, exchange, transfer, assignment, pledge, hypothecation, swap or other disposition being herein collectively called “Transfers”) to any Person without the prior unanimous written consent of the Partners at such time. If the General Partner so determines, and any such prior consent of the Limited Partners under this Article 10 so provides, the General Partner may admit any Person to whom the General Partner proposes to make such a Transfer as a substitute general partner of the Partnership, and such transferee shall be deemed admitted to the Partnership as a general partner of the Partnership immediately prior to such Transfer and shall continue the business of the Partnership without dissolution.
Transferability of General Partner’s Interest. (a) Except as otherwise provided herein, the General Partner may not Transfer to any Person (other than to a successor-in-interest (by merger or otherwise) or assignee that is an Affiliate of Greenhill, which Transfer may be made without the approval of any other Partner) without the prior approval of a majority of the Limited Partners. If the General Partner so determines in its discretion, and any such prior approval of the Limited Partners (if required) so provides, the General Partner may admit any Person to whom the General Partner proposes to make such a Transfer as an additional general partner of the Partnership, and such transferee shall be deemed admitted to the Partnership as a general partner of the Partnership immediately prior to such Transfer and shall continue the business of the Partnership without dissolution.
Transferability of General Partner’s Interest. Section 11.01. Transferability of General Partner's Interest.................35
Transferability of General Partner’s Interest. (a) Except as otherwise provided herein, the General Partner may not Transfer all or any portion of its Interest to any Person without the prior approval of the Required Partners.
Transferability of General Partner’s Interest. (a) Except as otherwise provided herein, the General Partner may not, directly or indirectly, sell, exchange, transfer, assign, pledge, hypothecate or otherwise dispose of all or any portion of its interest in the Partnership (any such direct or indirect sale, exchange, transfer, assignment, pledge, hypothecation, swap or other disposition being herein collectively called "Transfers") to any Person (other than to a successor-in-interest (by merger or otherwise) or assignee that is an Affiliate of Xxxxxxxxx, which Transfer may be made without the approval of any other Partner) without the prior approval of Limited Partners (other than Defaulting Investors) and limited partners of the Related Funds (other than defaulting partners) representing at least 75% of the aggregate Capital Commitments of all Limited Partners (other than Defaulting Investors) and limited partners of the Related Funds (other than defaulting partners) at such time. If the General Partner so determines in its discretion, and any such prior approval of the Limited Partners (if required) so provides, the General Partner may admit any Person to whom the General Partner proposes to make such a Transfer as an additional general partner of the Partnership, and such transferee shall be deemed admitted to the Partnership as a general partner of the Partnership immediately prior to such Transfer and shall continue the business of the Partnership without dissolution.
Transferability of General Partner’s Interest. Assignment of the General Partner’s Interest. Without the prior approval of a Super Majority-in-Interest of the Limited Partners, the General Partner shall not have the right to withdraw from the Partnership and shall not Transfer all or any portion of its Interest as a General Partner in the Partnership or its responsibility for the management of the Partnership, or enter into any agreement as a result of which any other Person shall have an Interest as a General Partner of the Partnership; provided, that nothing in this Agreement (a) shall preclude changes in the composition of the partners constituting, or the employees of, the General Partner so long as at least two of the Managing Members control, directly or indirectly, the General Partner, and (b) shall prohibit the Transfer by the General Partner of its Interest in the Partnership to Affiliates of the General Partner that are controlled, directly or indirectly, by at least two of the Managing Members. Transfer of General Partner’s Interest. Whenever all or a portion of the General Partner’s Interest as a General Partner in the Partnership is transferred pursuant to this Article VIII, the assignee, purchaser or other transferee shall assume the Capital Account of the General Partner (or the appropriate portion thereof) and all corresponding obligations of the General Partner hereunder. In the event of a Transfer of all of the General Partner’s Interest as a General Partner of the Partnership in accordance with this Article VIII, its assignee or transferee shall be admitted as a substitute General Partner with full power and authority to continue the business of the Partnership, and immediately thereafter the transferor General Partner shall cease to be General Partner. The transferor and assignee or transferee General Partner shall cause the execution of any necessary documents or instruments, including, as required by the Delaware Act, an amendment to the Certificate to record the admission of the assignee or transferee as a substitute General Partner of the Partnership without the consent of any other Person. Notwithstanding anything contained herein to the contrary, upon withdrawal or removal of the General Partner of the Partnership, if any Managing Member or Affiliated Limited Partner obligates itself in any way in connection with the Partnership or the General Partner, the Partnership shall obtain a release for such Person from any and all such obligations and each such Person shall, to the fu...
Transferability of General Partner’s Interest. (a) The General Partner may not, directly or indirectly, sell, exchange, transfer, assign, pledge, hypothecate or otherwise dispose of all or any portion of its interest in the Partnership (any such direct or indirect sale, exchange, transfer, assignment, #10338536v8 pledge, hypothecation, swap or other disposition being herein collectively called “Transfers”) and shall procure that none of its Affiliates shall effect a transfer of its interest in Direct Loans to any Person without the prior unanimous written consent of the Partners at such time. If the General Partner so determines, and any such prior consent of the Limited Partners under this Article 10 so provides, the General Partner may admit any Person to whom the General Partner proposes to make such a Transfer as a substitute general partner of the Partnership, and such transferee shall be deemed admitted to the Partnership as a general partner of the Partnership immediately prior to such Transfer and shall continue the business of the Partnership without dissolution.
Transferability of General Partner’s Interest. Except as otherwise provided in this Agreement and in addition to any other restrictions set forth herein on the transfer of the General Partner's Partnership Interest, the General Partner shall not, without the consent of the Limited Partners holding at least fifty-one percent (51%) of the Units, sell, assign, transfer, or otherwise dispose of, in whole or in part, its Partnership Interest or admit an additional General Partner, and any attempt by the General Partner to do so in violation of this Agreement shall be null and void ab initio. If all or any part of the General Partner's Partnership Interest is transferred in violation of this Agreement, the transferee shall be a mere assignee, and not a substituted Partner, with respect to the interest that is transferred.
Transferability of General Partner’s Interest. Section 11.01. Transferability of General Partner's Interest................ 66 Section 11.02. No-Fault Removal............................................. 67 ARTICLE 12 TRANSFERABILITY OF A LIMITED PARTNER'S INTEREST
Transferability of General Partner’s Interest. Section 6.1 Admission of Successor or Additional General Partner
