FORFEITURE OF INTERESTS; TRANSFER RESTRICTIONS Sample Clauses
The "Forfeiture of Interests; Transfer Restrictions" clause defines the conditions under which a party may lose their rights or interests in an asset, security, or contractual benefit, and sets limitations on the ability to transfer those interests to others. Typically, this clause outlines specific actions or breaches—such as violating company policies or attempting unauthorized transfers—that can trigger forfeiture, and may require prior approval or compliance with certain procedures before any transfer is permitted. Its core function is to protect the integrity and control of ownership or participation by preventing unauthorized or undesirable transfers and ensuring that interests are held only by eligible parties.
FORFEITURE OF INTERESTS; TRANSFER RESTRICTIONS. Section 8.01.
FORFEITURE OF INTERESTS; TRANSFER RESTRICTIONS. Section 8.01. Vesting of Initial Unvested Units 21 Section 8.02. Forfeiture of Units Held by Initial Limited Partners 22 Section 8.03. Limited Partner Transfers 23 Section 8.04. Minimum Retained Ownership Requirement 24 Section 8.05. Mandatory Exchanges 25 Section 8.06. Encumbrances 25 Section 8.07. Further Restrictions 25 Section 8.08. Rights of Assignees 26 Section 8.09. Admissions, Withdrawals and Removals 26 Section 8.10. Admission of Assignees as Substitute Limited Partners 26 Section 8.11. Withdrawal and Removal of Limited Partners 27 Section 9.01. No Dissolution 27 Section 9.02. Events Causing Dissolution 27 Section 9.03. Distribution upon Dissolution 28 Section 9.04. Time for Liquidation 28 Section 9.05. Termination 28 Section 9.06. Claims of the Partners 28 Section 9.07. Survival of Certain Provisions 29 Section 10.01. Liability of Partners 29 Section 10.02. Indemnification 30 Section 11.01. Severability 32 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 Section 11.04. Binding Effect 33 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. Further Assurances 33 Section 11.08. Entire Agreement 33 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. Expenses 34 Section 11.12. Amendments and Waivers 34 Section 11.13. No Third Party Beneficiaries 35 Section 11.14. Headings 36 Section 11.15. Construction 36 Section 11.16. Power of Attorney 36 Section 11.17. Letter Agreements; Schedules 36 Section 11.18. Partnership Status 36 This FIFTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Holdings III L.P. (the “Partnership”) is made as of the 7th day of October, 2021, by and among Blackstone Holdings III GP L.P., a limited partnership formed under the laws of the State of Delaware, as general partner, and the Limited Partners (as defined herein) of the Partnership.
FORFEITURE OF INTERESTS; TRANSFER RESTRICTIONS. Section 8.1 Vesting of Unvested Units Section 8.2 Forfeiture of Units
FORFEITURE OF INTERESTS; TRANSFER RESTRICTIONS. SECTION 8.01. Vesting of Initial Unvested Units 20 SECTION 8.02. Forfeiture of Units Held by Initial Limited Partners 21 SECTION 8.03. Limited Partner Transfers 22 SECTION 8.04. Minimum Retained Ownership Requirement 23 SECTION 8.05. Mandatory Exchanges 24 SECTION 8.06. Encumbrances 24 SECTION 8.07. Further Restrictions 25 SECTION 8.08. Rights of Assignees 25 SECTION 8.09. Admissions, Withdrawals and Removals 25 SECTION 8.10. Admission of Assignees as Substitute Limited Partners 26 SECTION 8.11. Withdrawal and Removal of Limited Partners 26 ARTICLE IX
FORFEITURE OF INTERESTS; TRANSFER RESTRICTIONS