Common use of Written Assignment Clause in Contracts

Written Assignment. Anything herein to the contrary notwithstanding, both the Partnership and the General Partners shall be entitled to treat the assignor of a Partnership Interest as the absolute owner thereof in all respects, and shall incur no liability for distributions made in good faith to such assignor, until such time as a written assignment that conforms to the requirements of this Section 13.02 has been received by the Partnership and accepted by the Managing General Partners.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Technology Funding Venture Partners Iv), Limited Partnership Agreement (Technology Funding Venture Partners Iv), Limited Partnership Agreement (Technology Funding Venture Partners V)

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