Common use of Transfers by the General Partner Clause in Contracts

Transfers by the General Partner. A. The General Partner may Transfer all or any part of its Partnership Interest or withdraw as General Partner, in its sole discretion and without the consent of any Limited Partners or the Special General Partner; provided that the General Partner may withdraw as general partner only in connection with a Transfer of its Partnership Interest and immediately following the admission of a successor General Partner, as general partner, in accordance with this Article IX. B. If the General Partner withdraws as general partner in accordance with clause A. above, its Partnership Interest shall immediately be converted into a limited partner interest and the General Partner shall be entitled to receive distributions from the Partnership and the share of income, gain, loss, deduction and credit that were otherwise attributable to its Partnership Interest.

Transfers by the General Partner. A. The General Partner may Transfer all or any part of its Partnership Interest or withdraw as General Partner, in its sole discretion and without the consent of any Limited Partners or the Special General PartnerPartners; provided that the General Partner may withdraw as general partner only in connection with a Transfer of its Partnership Interest and immediately following the admission of a successor General Partner, as general partner, in accordance with this Article IX. B. If In the event the General Partner withdraws as general partner in accordance with clause A. above, its Partnership Interest general partner interest shall immediately be converted into a limited partner interest and the General Partner shall be entitled to receive distributions from the Partnership and the share of incomeNet Income, Net losses, any other items, gain, loss, deduction and credit that were otherwise attributable to its Partnership Interestgeneral partner interest.

Transfers by the General Partner. A. The General Partner may Transfer all or any part of its Partnership Interest or withdraw as General Partner, in its sole discretion and without the consent of any Limited Partners or the Special General PartnerPartners; provided that the General Partner may withdraw as general partner only in connection with a Transfer of its Partnership Interest and immediately following the admission of a successor General Partner, as general partner, in accordance with this Article IX. B. If In the event the General Partner withdraws as general partner in accordance with clause A. above, its Partnership Interest general partner interest shall immediately be converted into a limited partner interest and the General Partner shall be entitled to receive distributions from the Partnership and the share of net income, net losses, any other items, gain, loss, deduction and credit that were otherwise attributable to its Partnership Interestgeneral partner interest.