Common use of Assignability of Interests Clause in Contracts

Assignability of Interests. (a) Subject to the provisions of Section 4.02 hereof, the interest of a Limited Partner shall not be assignable without the prior written consent of the General Partner. No assignment shall be binding upon the Partnership until the General Partner receives an executed copy of such assignment in form and substance satisfactory to the General Partner. The assignee of such interest may become a substituted Limited Partner only upon the terms and conditions of Sections 5.02 and 9.01.

Assignability of Interests. (a) Subject to the provisions of Section 4.02 5.1(c) hereof, the interest of a the Limited Partner shall not be assignable without the prior written consent of the General Partner. The General Partner shall not unreasonably withhold, delay or condition such consent. No assignment by the Limited Partner of its interest in the Partnership shall be binding upon the Partnership until the General Partner receives an executed copy of such assignment in form and substance satisfactory to the General Partner. The assignee of such interest may become a substituted Limited Partner only upon the terms and conditions of Sections 5.02 and 9.01Section 5.2.

Assignability of Interests. (a) Subject to the provisions of or Section 4.02 hereof, the interest of a Limited Partner shall not be assignable without the prior written consent of the General Partner. No assignment shall be binding upon the Partnership until the General Partner receives an executed copy of such assignment in form and substance satisfactory to the General Partner. The assignee of such interest may become a substituted Limited Partner only upon the terms and conditions of Sections 5.02 and 9.01.