Common use of Notwithstanding Section 11 Clause in Contracts

Notwithstanding Section 11. 2.A but subject to the other limitations set forth in this Agreement, (i) any Class A Common Limited Partner other than the Operating Partnership shall be permitted to transfer, with the consent of the General Partner (which consent may be given or withheld in the General Partner’s sole and absolute discretion), all or any portion of its Partnership Interest to the Operating Partnership, and (ii) any Class B Common Limited Partner shall be permitted to transfer, with the consent of the General Partner (which consent may be given or withheld in the General Partner’s sole and absolute discretion), all or any portion of its Partnership Interest.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Amb Property Lp), Limited Partnership Agreement (Amb Property Corp)