Common use of Assignability of Interest Clause in Contracts

Assignability of Interest. Without the prior written consent of the General Partner which consent may be withheld in the General Partner’s sole discretion, a Limited Partner may not (i) pledge, assign, sell, exchange or transfer its Interest in the Partnership in whole or in part to any Person except by operation of law, or (ii) substitute for itself as a Partner any other Person. Any attempted pledge, assignment or substitution not made in accordance with this Sec. 1.05 shall be void.

Assignability of Interest. Without the prior written consent of the General Partner (which consent may be withheld in the General Partner’s its sole and absolute discretion), a Limited Partner may not (i) pledge, assigntransfer, sell, exchange sell or transfer assign its Interest (as defined in Sec. 1.7 below) in the Partnership in whole or in part to any Person except by operation of lawperson, or (ii) substitute for itself as a Partner any other Person. Any attempted pledge, assignment or substitution not made in accordance with this Sec. 1.05 shall be void.or

Assignability of Interest. Without the prior --------------------------------------- written consent of the General Partner Partner, which consent may be withheld in the General Partner’s its sole discretion, a Limited Partner may not (i) pledge, assign, sell, exchange pledge or transfer its Interest assign such Partner's interest in the Partnership in whole or in part to any Person person except by operation of law, or (ii) designate as a partner any other person as a substitute for itself as a Partner any other Person. Any attempted pledge, assignment or substitution not made in accordance with this Sec. 1.05 shall be voidsuch Partner.