Common use of Transfers Other Than in Accordance Herewith Clause in Contracts

Transfers Other Than in Accordance Herewith. No transfers of Units or any part thereof which is in violation of this Article IX shall be valid or effective, and the Partnership shall not recognize the same for the purposes of making allocations or distributions of profits, losses, return of Capital Contribution or other distribution with respect to such Units or part thereof. The Partnership may enforce this provision either directly or indirectly or through its agents by entering an appropriate stop-transfer order on its books or otherwise refusing to register or transfer or permit the registration or transfer on its books of any proposed transfers not in accordance with this Article IX.

Appears in 4 contracts

Samples: Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc), Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc), Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc)

AutoNDA by SimpleDocs

Transfers Other Than in Accordance Herewith. No transfers of Units ------------------------------------------- or any part thereof which is in violation of this Article IX shall be valid or effective, and the Partnership shall not recognize the same for the purposes of making allocations or distributions of profits, losses, return of Capital Contribution or other distribution with respect to such Units or part thereof. The Partnership may enforce this provision either directly or indirectly or through its agents by entering an appropriate stop-transfer order on its books or otherwise refusing to register or transfer or permit the registration or transfer on its books of any proposed transfers not in accordance with this Article IX.

Appears in 3 contracts

Samples: Certificate and Agreement (Flanigans Enterprises Inc), Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc), Certificate and Agreement (Flanigans Enterprises Inc)

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