Certain Transfers Void. No Partner may make or permit to occur any Transfer of all or any part of its Interest in the Partnership except in accordance with the provisions of this Article 9. Any purported Transfer in violation of this Article 9 shall not bind the remaining Partners, who may continue to treat the original Partner as the owner of such Interest (or the applicable portion thereof) for all purposes.
Appears in 2 contracts
Sources: Limited Partnership Agreement (World Financial Properties L P), Limited Partnership Agreement (JMB 245 Park Avenue Associates LTD)
Certain Transfers Void. No Partner may make or permit to occur any Transfer of Trans- fer all or any part of its Interest in the Partnership except in accordance with the provisions of this Article 9. Any purported pur- ported Transfer in violation of this Article 9 shall not bind the remaining Partners, who may continue to treat the original Partner as the owner of such Interest (or the applicable portion thereof) for all purposes.
Appears in 1 contract
Sources: Limited Partnership Agreement (World Financial Properties L P)