Common use of Transfers by Limited Partners Clause in Contracts

Transfers by Limited Partners. (a) No Limited Partner shall have the right, directly or indirectly, to transfer all or any part of his Partnership Interest or RP Units to any Person without the prior written consent of the General Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The foregoing notwithstanding, the General Partner hereby grants the consents described in this Section 9.2 to transfers of Partnership Interests pursuant to an exercise of Rights, provided that any such transfer otherwise complies with all of the other provisions of this Article 9 (including, but not limited to, any additional consents required hereunder);

Appears in 1 contract

Samples: Limited Partnership Agreement (Starwood Hotel & Resorts Worldwide Inc)

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Transfers by Limited Partners. (a) No Limited Partner shall have the right, directly or indirectly, to transfer all or any part of his Partnership Interest or RP Units to any Person without the prior written consent of the General Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The foregoing notwithstanding, the General Partner hereby grants the consents described in this Section 9.2 to transfers of Partnership Interests pursuant to an exercise of Rights, provided that any such transfer otherwise complies with all of the other provisions of this Article 9 (including, but not limited to, any additional consents required hereunder);

Appears in 1 contract

Samples: Limited Partnership Agreement (Starwood Hotel & Resorts Worldwide Inc)

Transfers by Limited Partners. (a) No Subject to the provisions of Sections 9.2(b) and 9.3 hereof, including, without limitation, compliance with any restrictions or limitations set forth therein, each Limited Partner shall have the rightright to Transfer, directly with or indirectlywithout the consent of the General Partner, to transfer all or any part a portion of his its Partnership Interest or RP Units to any Person that is the Immediate Family of such Limited Partner or an Affiliate of such Limited Partner, provided that prior written notice of such proposed transfer is delivered to the General Partner. No other Transfers of a Limited Partner's Partnership Interest may be effected without the prior written consent of the General Partner, which consent may be given given, withheld or withheld by conditioned in the General Partner in its Partner's sole and absolute discretion. The foregoing notwithstanding, the General Partner hereby grants the consents described in this Section 9.2 to transfers of Partnership Interests pursuant to an exercise of Rights, provided that any such transfer otherwise complies with all of the other provisions of this Article 9 (including, but not limited to, any additional consents required hereunder);.

Appears in 1 contract

Samples: Spieker Properties Inc

Transfers by Limited Partners. (a) No Limited Partner shall have the right, directly or indirectly, to transfer all or any part of his Partnership Interest or RP Units to any Person without the prior written consent of the General Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The foregoing notwithstanding, the General Partner hereby grants the consents described in this Section 9.2 to transfers of Partnership Interests pursuant to an exercise of Rights, provided that any such transfer otherwise complies with all of the other provisions of this Article 9 (including, but not limited to, any additional consents required hereunder);.

Appears in 1 contract

Samples: Limited Partnership Agreement (Starwood Hotel & Resorts Worldwide Inc)

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Transfers by Limited Partners. (a) No Limited Partner shall have the right, directly or indirectly, to transfer all or any part of his Partnership Interest or RP OP Units to any Person without the prior written consent of the General Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The foregoing notwithstanding, the General Partner hereby grants the consents described in this Section 9.2 to transfers of Partnership Interests pursuant to an exercise of Rights, provided that any such transfer otherwise complies with all of the other provisions of this Article 9 (including, but not limited to, any additional consents required hereunder);.

Appears in 1 contract

Samples: Limited Partnership Agreement (Starwood Hotel & Resorts Worldwide Inc)

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