Common use of Transfers by Limited Partners Clause in Contracts

Transfers by Limited Partners. No Limited Partner may sell, exchange, encumber, pledge, gift, distribute, assign or transfer all or any part of its Units except (i) with the consent of the General Partner, (ii) to Affiliate entities that are under 100% common control with the transferring Limited Partner (in which case the transferring Limited Partner will be and remain liable for any and all obligations of the transferee Affiliate) and (iii) in cash sales pursuant to and as provided in Section 8.3.

Appears in 2 contracts

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

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Transfers by Limited Partners. No Limited Partner may sell, exchange, encumber, pledge, gift, distribute, assign or transfer all or any part of its Units Interest except (i) with the consent of the General Partner, (ii) to Affiliate entities that are under 100% common control with the transferring Limited Partner (in which case the transferring Limited Partner will be and remain liable for any and all obligations of the transferee Affiliate) and (iii) in cash sales pursuant to and as provided in Section 8.3.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cheniere Energy Inc)

Transfers by Limited Partners. No Limited Partner may sell, exchange, encumber, pledge, ; gift, distribute, assign or transfer all or any part of its Units Interests except (i) with the consent of the General Partner, (ii) to Affiliate entities that are are, under 100% common control with the transferring Limited Partner (in which case the transferring Limited Partner will be and remain liable for any and all obligations of the transferee Affiliate) and (iii) in cash sales pursuant to and as provided in Section 8.3.

Appears in 1 contract

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

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Transfers by Limited Partners. No Limited Partner may sell, exchange, encumber, pledge, ; gift, distribute, assign or transfer all or any part of its Units Interests except (i) with the consent of the General Partner, (ii) to Affiliate entities that are are, under 100% common control with the transferring Limited Partner (in which case the transferring Limited Partner will be and remain liable for any and all obligations of the transferee Affiliate) and (iii) in cash sales pursuant until the Discharge Date, to and as provided in Section 8.3the extent required by the terms of the Finance Documents.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Cheniere Corpus Christi Holdings, LLC)

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