Common use of General Partner Transfer Clause in Contracts

General Partner Transfer. (a) The General Partner shall not withdraw from the Partnership and shall not sell, assign, pledge, encumber or otherwise dispose of all or any portion of its interest in the Partnership without the Consent of the Limited Partners, which shall not be unreasonably withheld.

Appears in 3 contracts

Samples: Rights And (American Real Estate Investment Corp), Keystone Property Trust, American Real Estate Investment Corp

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General Partner Transfer. (a) The Except for transfers to its Affiliates or as may be required by the Financing Documents, the General Partner shall not withdraw from the Partnership and shall not sell, assign, pledge, encumber or otherwise dispose of all or any portion of its interest in the Partnership as a General Partner without the Consent of the Partners at any time that the Limited PartnersPartners (other than the General Partner and its Affiliated Entities in their capacity as a Limited Partner) own, which shall not be unreasonably withheldin the aggregate, 45% or more of the issued and outstanding Partnership Units.

Appears in 1 contract

Samples: Plan and Agreement (Strategic Timber Trust Inc)

General Partner Transfer. (a) The General Partner shall not withdraw from the Partnership and shall not sell, assign, pledge, encumber or otherwise dispose of Transfer all or any portion of its interest in the Partnership without the Consent Interest except pursuant to a statutory merger or consolidation wherein all obligations and liabilities of the Limited Partners, which shall not be unreasonably withheldtransferor General Partner are assumed by a successor corporation or other Entity by operation of law.

Appears in 1 contract

Samples: Cleveland Indians Baseball Co Inc

General Partner Transfer. (a) The Except for transfers to its Affiliates, the General Partner shall not withdraw from the Partnership and shall not sell, assign, pledge, encumber or otherwise dispose of all or any portion of its interest in the Partnership as a General Partner without the Consent of the Limited Partners, which shall not be unreasonably withheldPartners at any time that the Limited Partners (other than the General Partner and its Affiliated Entities in their capacity as a Limited Partner) own in the aggregate more than 10% of the issued and outstanding Partnership Units.

Appears in 1 contract

Samples: Strategic Timber Trust Inc

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General Partner Transfer. (a) The General Partner shall not withdraw from the Partnership and shall not sell, assign, pledge, encumber or otherwise dispose of all or any portion of its interest Partnership Units, in each case prior to the Partnership dissolution and winding up of the Partnership, without the Consent of the Limited Partners. Upon any Transfer of a Partnership Unit in accordance with the provisions of this Section 9.1, which the transferee General Partner shall not be unreasonably withheld.become

Appears in 1 contract

Samples: Partnership Agreement (CBL & Associates Properties Inc)

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