Restrictions on Transfers of Interests. Except as provided in Section 5.4, no Member shall sell, assign, pledge, mortgage or otherwise dispose of or transfer (a “Transfer”) its Percentage Interest in the Company, whether in whole or in part, without the consent of the Management Committee, which consent may be withheld for any or for no reason.
Restrictions on Transfers of Interests. No Partner may Transfer all or any portion of its rights or Interest in the Partnership or withdraw or retire from the Partnership without the consent of the other Partner and any such attempted Transfer, withdrawal or retirement without the consent of the other Partner shall be null and void.
Restrictions on Transfers of Interests. 8.1.1 Until the first anniversary of the occurrence of an Initial Public Offering, except as required by law, no Management Limited Partner may directly or indirectly, sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of any economic, voting or other rights in or to (collectively, “Transfer“) any Units except pursuant to (i) Sections 8.2, 9.1, 9.2 and 12.3 hereof or (ii) a Transfer to a Manager Permitted Transferee (each a “Permitted Transfer”).
Restrictions on Transfers of Interests. 8.1.1 No Management Limited Partner may directly or indirectly, sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of any economic, voting or other rights in or to (collectively, “Transfer”) any Units except pursuant to (i) Sections 3.8, 8.2, 8.3, 9.1 and 9.2 hereof or (ii) a Transfer to a Manager Permitted Transferee (each a “Permitted Transfer”).
Restrictions on Transfers of Interests. 8.1.1 Until the date that is the later of one year following the Offering and the expiration of any underwriter or Partnership “lock-up” agreement (as provided for in the Registration Rights Agreement or otherwise, including pursuant to any policy of the General Partner and/or Verso Paper Corp.) to which a Management Limited Partner is bound applicable to the Offering (such date as it applies to any Management Limited Partner, a “Transfer Date”), except as required by law, no Management Limited Partner may directly or indirectly, sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in subject to Section 8.1.5, offer, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of any economic, voting or other rights in or to (collectively, “Transfer“) any Units except pursuant to (i) Section 8.2 hereof or (ii) a Transfer to a Manager Permitted Transferee (each a “Permitted Transfer”).
Restrictions on Transfers of Interests. 8.1.1 Notwithstanding any other provisions of this paragraph 8.1, no sale, exchange, transfer, assignment or other disposition (collectively, a "Transfer") of all or any fraction of a Limited Partner's Interest may be made unless (a) such Transfer is effective as of the end of a fiscal quarter, (b) the General Partner gives its Consent (which Consent may be granted or withheld in the sole discretion of the General Partner) to such Transfer, and (c) in the opinion of responsible counsel (who may be counsel for the Partnership), satisfactory in form and substance to the General Partner (which opinion may be waived, in whole or in part, at the discretion of the General Partner provided that prompt notice of such waiver is given by the General Partner to the Limited Partners),
Restrictions on Transfers of Interests. No Restricted Member may Transfer (including, without limitation, to any other Member, or by gift, or by operation of law or otherwise) any Interests or any direct or indirect beneficial ownership of any Interests; provided, that, subject in each case to Section 12.4, Interests may (or shall, as the case may be) be Transferred by the Restricted Members (a) pursuant to Section 12.2 (“Estate Planning Transfers; Transfers upon Death”), (b) in accordance with Section 12.5 (“Involuntary Transfers”), (c) pursuant to Section 12.8 (“Right of First Refusal and Drag-Along Right”), (d) pursuant to Section 12.9, in connection with the formation of Newco (as defined in Section 12.9(b)) in anticipation of an IPO, (e) pursuant to Section 12.10 (“Put/Call Rights”) and (f) pursuant to the prior written approval of the Board and the DMC Members in their sole and absolute discretion. The Restricted Members may not pledge, grant a security interest in or otherwise encumber or hypothecate (a “Hypothecation”) any portion of such Member’s Interest without the prior written approval of the Board and the DMC Members in their sole and absolute discretion.
Restrictions on Transfers of Interests. (a) Except pursuant to Section 9.6, so long as the Founder Member Ownership Threshold is met, the Managing Member shall not Transfer, directly or indirectly, all or any portion of its Interests (economic or otherwise) to any other Person without the prior written consent of the Founder Member Representative, excluding Transfers to a controlled Affiliate of the Managing Member; provided that any change of ownership or beneficial ownership of Managing Member, a Change of Control or a pledge or providing a security interest in the Interests in connection with incurrence of indebtedness by the Company or the Managing Member shall not be considered a Transfer.
Restrictions on Transfers of Interests. (1) Neither Wellsford nor FGC shall, or shall have the right to, sell, assign, transfer or dispose of (whether by gift or otherwise), mortgage, pledge, hypothecate, create a lien on or security interest in, or otherwise encumber, whether voluntarily, involuntarily, by operation of law or otherwise (a "Disposition") all or any part of their respective Interests, except as permitted by, and only upon compliance with the terms of this Agreement. Any purported or attempted Disposition of an Interest in violation of this subclause (a) shall be null, void and of no effect.
Restrictions on Transfers of Interests. 12 ARTICLE XIII NO WITHDRAWAL OR PARTITION BY A PARTNER....................................................12
