Common use of No Transfers to Holders of Nonrecourse Liabilities Clause in Contracts

No Transfers to Holders of Nonrecourse Liabilities. No Pledge or transfer of any Partnership Units may be made to a lender to the Partnership or any Person who is related (within the meaning of Section 1.752-4(b) of the Regulations) to any lender to the Partnership whose loan constitutes a Nonrecourse Liability unless (i) the Managing General Partner is provided notice thereof and (ii) the lender enters into an

No Transfers to Holders of Nonrecourse Liabilities. No Pledge or transfer of any Partnership Units may be made to a lender to the Partnership or any Person who is related (within the meaning of Section 1.752-4(b) of the Regulations) to any lender to the Partnership with respect to the Phase I Property or the Phase II Property whose loan constitutes a Nonrecourse Liability Liability, unless (isuch lender or Person would not be deemed to be a partner in the Partnership under Section 1.752-2(d)(1) of the Managing General Partner is provided notice thereof and (ii) the lender enters into anRegulations."

No Transfers to Holders of Nonrecourse Liabilities. No Pledge or transfer of any Partnership Units may be made to a lender to the Partnership or any Person who is related (within the meaning of Section 1.752-4(b) of the Regulations) to any lender to the Partnership whose loan constitutes a Nonrecourse Liability unless (i) Liability, without the Managing consent of the General Partner is provided notice thereof Partner, in its sole and (ii) the lender enters into anabsolute discretion.

No Transfers to Holders of Nonrecourse Liabilities. No Pledge pledge or transfer of any Partnership Units may be made to a lender to the Partnership Partnership, or to any Person who is related (within the meaning of Section 1.752-4(b) of the Regulations) to any lender to the Partnership Partnership, whose loan constitutes a Nonrecourse Liability unless (i) without the Managing consent of the General Partner is provided notice thereof Partner, in its sole and (ii) the lender enters into anabsolute discretion.

No Transfers to Holders of Nonrecourse Liabilities. No Pledge pledge or transfer of any Partnership Units may be made to a lender to the Partnership or any Person who is related (within the meaning of Section 1.752-4(b) of the Regulations) to any lender to the Partnership whose loan constitutes a Nonrecourse Liability unless (i) without the Managing consent of the General Partner is provided notice thereof Partner, in its sole and (ii) the lender enters into anabsolute discretion."

No Transfers to Holders of Nonrecourse Liabilities. No Pledge or transfer of any Partnership Units may be made to a lender to the Partnership or any Person who is related (within the meaning of Section 1.752-4(b) of the Regulations) to any lender to the Partnership with respect to the Phase I Property or the Phase II Property whose loan constitutes a Nonrecourse Liability unless (i) the Managing General Partner is provided notice thereof and (ii) the lender enters into anLiabilitiy.