Transfers of Interest; Withdrawal. No Partner shall without the consent of the other Partner withdraw as a partner, sell, transfer, assign or in any manner encumber its interest in the Partnership in whole or in part except pursuant to the Credit Agreement referred to in Section 7. Any transaction in violation of this Section shall be void.
Appears in 3 contracts
Samples: Partnership Agreement, Agreement (Universal City Travel Partners), Agreement (Universal City Development Partners LTD)
Transfers of Interest; Withdrawal. (a) No Partner shall without the consent of the other Partner Partners withdraw as a partnerPartner, sell, transfer, assign or in any manner encumber its interest in the Partnership in whole or in part part, and no affiliate of any Partner may sell, transfer, assign or in any manner encumber its interest in the stock or membership interest of the Partner in whole or in part, except pursuant to the Credit Agreement referred Agreement, pursuant to Subsection 21(b) or (c) below, or as specified in Section 72 of the Partners’ Agreement. Any transaction in violation of this Section 21 shall be void.
Appears in 2 contracts
Samples: Agreement of General Partnership (Universal City Florida Holding Co. II), Third (Universal City Florida Holding Co. II)
Transfers of Interest; Withdrawal. (a) No Partner shall without the consent of the other Partner withdraw as a partnerPartner, sell, transfer, assign or in any manner encumber its interest in the Partnership in whole or in part part, and no affiliate of any Partner may sell, transfer, assign or in any manner encumber its interest in the stock or membership interest of the Partner in whole or in part, except pursuant to the Credit Agreement referred to in Section 7, pursuant to Subsection 21(b) or (c) below, or as specified in Section 2 of the Partners’ Agreement. Any transaction in violation of this Section shall be void.
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Samples: And Restated Agreement (Universal City Florida Holding Co. I)
Transfers of Interest; Withdrawal. (a) No Partner shall without the consent of the other Partner Partners withdraw as a partnerPartner, sell, transfer, assign or in any manner encumber its interest in the Partnership in whole or in part part, and no affiliate of any Partner may sell, transfer, assign or in any manner encumber its interest in the stock or membership interest of the Partner in whole or in part, except pursuant to the Credit Agreement referred to in Section 7, pursuant to Subsection 21(b) or (c) below, or as specified in Section 2 of the Partners’ Agreement. Any transaction in violation of this Section shall be void.
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