Common use of Limited Partners’ Interest Clause in Contracts

Limited Partners’ Interest. Each of the Limited Partners, except as provided in this Article V, shall not sell, transfer, encumber or otherwise dispose by operation of law or otherwise of the whole or any part of his or her interest in the Partnership except by written instrument satisfactory in form to the General Partners, accompanied by such assurance of the genuineness and effectiveness of each such signature and the obtaining of any federal and/or state government approval, if any, as may be reasonably required by the General Partners. No less than a minimum of 25 Units (10 for certain fiduciaries) may be transferred. No assignment shall be valid or effective unless in compliance with the conditions herein contained.

Limited Partners’ Interest. Each of the Limited Partners, except as provided in this Article V, shall not sell, transfer, encumber or otherwise dispose by operation of law or otherwise of the whole or any part of his or her interest in the Partnership except by written instrument satisfactory in form to the General Partners, accompanied by such assurance of the genuineness and effectiveness of each such signature and the obtaining of any federal and/or state government approval, if any, as may be reasonably required by the General Partners. No less than a minimum of 25 Units (10 20 for certain fiduciaries) may be transferred. No assignment shall be valid or effective unless in compliance with the conditions herein contained.

Limited Partners’ Interest. Each of the Limited Partners, except as provided in this Article V, V. shall not sell, transfer, encumber or otherwise dispose by operation of law or otherwise of the whole or any part of his or her interest in the Partnership except by written instrument satisfactory in form to the General Partners, accompanied by such assurance of the genuineness and effectiveness of each such signature and the obtaining of any federal and/or state government approval, if any, as may be reasonably required by the General Partners. No less than a minimum of 25 Units (10 for certain fiduciaries) may be transferred. No assignment shall be valid or effective unless in compliance with the conditions herein contained.