Common use of Transfers by General Partner Clause in Contracts

Transfers by General Partner. The General Partner may not sell, exchange, encumber, pledge, gift, distribute, assign or transfer all or any portion of its Units without the consent of all of the Limited Partners; provided, however, that the General Partner may transfer such Units to a successor General Partner in the event of a removal effectuated pursuant to Section 9.1.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Sabine Pass LNG, L.P.), Limited Partnership Agreement (Sabine Pass LNG, L.P.)

AutoNDA by SimpleDocs

Transfers by General Partner. The General Partner may not sell, exchange, encumber, pledge, gift, distribute, assign or transfer all or any portion of its Units Interest without the consent of all of the Limited Partners; provided, however, that the General Partner may transfer such Units Interest to a successor General Partner in the event of a removal effectuated pursuant to Section 9.1.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cheniere Energy Inc)

AutoNDA by SimpleDocs

Transfers by General Partner. The General Partner may not sell, exchange, encumber, pledge, gift, distribute, assign or assignor transfer all or any portion of its Units Interests without the consent of all of the Limited Partners; provided, however, that the General Partner may transfer such Units Interest to a successor General Partner in the event of a removal effectuated pursuant to Section 9.1.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cheniere Pipeline GP Interests, LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!