Common use of Restrictions on Transfer of Limited Partnership Interests Clause in Contracts

Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in Section 9.02(d) hereof, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer his Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer") without the written consent of the General Partner, which consent may be withheld in the sole discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.

Appears in 4 contracts

Samples: Agreement (Humphrey Hospitality Trust Inc), Humphrey Hospitality Trust Inc, RFS Hotel Investors Inc

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Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in Section 9.02(d) hereofthis Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer his its Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer") ), without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.

Appears in 4 contracts

Samples: Boykin Lodging Co, Boykin Lodging Co, Liberty Self Stor Inc

Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in Section 9.02(d) hereofthis Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer his Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer") without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.

Appears in 4 contracts

Samples: Partnership Interest Purchase and Exchange Agreement (United Dominion Realty Trust Inc), United Dominion Realty Trust Inc, United Dominion Realty Trust Inc

Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in Section 9.02(dSubject to the provisions of 9.02(b), (c) hereofand (d), no a Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer all or any portion of his Limited Partnership Interest, in whole or in partany of such Limited Partner's economic rights as a Limited Partner, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer") with or without the written consent of the General Partner, which consent may be withheld in the sole discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.

Appears in 3 contracts

Samples: Agreement (Investors Real Estate Trust), Agreement (Investors Real Estate Trust), Investors Real Estate Trust

Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in Section 9.02(d) hereofthis Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer his Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer") without the written consent of the General Partner, which consent may be withheld in the sole discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.

Appears in 2 contracts

Samples: Equity Inns Inc, Winston Hotels Inc

Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in Section 9.02(d) hereofthis Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge assign or otherwise transfer his its Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer") ), without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.

Appears in 2 contracts

Samples: Initial and Corporate (Innsuites Hospitality Trust), Realty Refund Trust

Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in Section 9.02(d) hereofthis Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer his its Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer") or withdraw or retire from the Partnership, without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith. In no event may a Partner have any rights to distributions pursuant to Act Section 17-604.

Appears in 2 contracts

Samples: Notice and Agreement (Stirling Hotels & Resorts, Inc.), Contribution Agreement (Ashford Hospitality Trust Inc)

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Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in Section 9.02(d) hereofthis Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise other wise transfer his Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer") without the written consent of the General Partner, which consent may be withheld in the sole discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor transfer or assume all costs incurred by the Partnership in connection therewith.

Appears in 1 contract

Samples: Agreement (W2007 Grace Acquisition I Inc)

Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in Section 9.02(d) hereofthis Article IX, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer his its Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer") ”), without the written consent of the General Partner, which consent may be withheld in the sole and absolute discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Stonehaven Realty Trust)

Restrictions on Transfer of Limited Partnership Interests. (a) Except as otherwise provided in Section 9.02(d) hereofthis Article 9, no Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer his Limited Partnership Interest, in whole or in part, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer") without the written consent of the General Partner, which consent may be withheld in the sole discretion of the General Partner. The General Partner may require, as a condition of any Transfer, that the transferor assume all costs incurred by the Partnership in connection therewith.

Appears in 1 contract

Samples: Reorganization Agreement (Mid America Apartment Communities Inc)

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