Common use of Satisfactory Written Assignment Required Clause in Contracts

Satisfactory Written Assignment Required. Anything herein to the contrary notwithstanding, both the Partnership and the General Partner shall be entitled to treat the assignor of an Interest in the Partnership as the absolute owner thereof in all respects, and shall incur no liability for distributions made in good faith to him or her, until such time as a written assignment that conforms to the requirements of this Article 8 has been received by, accepted and recorded on the books of, the Partnership.

Appears in 1 contract

Sources: Partnership Agreement (Rex Energy Corp)

Satisfactory Written Assignment Required. Anything herein to the contrary notwithstanding, both the Partnership and the General Partner shall be entitled to treat the assignor of an Interest in the Partnership as the absolute owner thereof in all respects, and shall incur no liability for distributions made in good faith to him or hersuch assignor, until such time as a written assignment that conforms to the requirements of this Article 8 has been received by, and accepted and recorded on the books of, the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Gift Liquidators Inc)

Satisfactory Written Assignment Required. Anything herein to the contrary notwithstanding, both the Partnership and the General Partner shall be entitled to treat the assignor of an Interest in the Partnership as the absolute owner thereof in all respects, and shall incur no liability for distributions made in good faith to him or herthereof, until such time as a written assignment Assignment that conforms to the requirements of this Article 8 has been received by, accepted by and recorded on the books of, and records of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement

Satisfactory Written Assignment Required. Anything herein to the contrary notwithstanding, both the Partnership and the General Partner shall be entitled to treat the assignor of an Interest in the Partnership as the absolute owner thereof in all respects, and shall incur no liability for distributions made in good faith to him or her, respects until such time as a written assignment that conforms to the requirements of this Article 8 has been received by, by the Partnership and has been consented to and accepted and recorded on by the books of, the PartnershipGeneral Partner.

Appears in 1 contract

Sources: Limited Partnership Agreement (Icos Corp / De)