Common use of Transfer of Interest of General Partner Clause in Contracts

Transfer of Interest of General Partner. A General Partner may not Transfer all or any portion of its Interest as the General Partner except to Persons who have agreed to be bound by all of the terms of this Agreement and applicable law. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3.

Appears in 13 contracts

Samples: www.sec.gov, PMF TEI Fund, L.P., PMF Fund, L.P.

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Transfer of Interest of General Partner. A The General Partner may not Transfer transfer all or any portion of its Partnership Interest as the General Partner except to Persons who have agreed to be bound by all of the terms of this Agreement and applicable law. If a General Partner Transfers its entire Interest as General (or any rights therein) without the consent of the Limited Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3.

Appears in 4 contracts

Samples: Agreement (Capmark Finance Inc.), MBOW Four Star, L.L.C., East Coast Power LLC

Transfer of Interest of General Partner. A General Partner may not Transfer all or any portion of its Interest as the General Partner except to Persons persons who have agreed to be bound by all of the terms of this Agreement and pursuant to applicable law. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In By executing this Agreement, each other Partner is shall be deemed to have consented to any such Transfer contemplated permitted by this Section 4.3the preceding sentence.

Appears in 3 contracts

Samples: Agreement (Gam Avalon Multi-Europe Lp), Gam Avalon Multi-Global Lp, Gam Avalon Multi Technology Lp

Transfer of Interest of General Partner. A The General Partner may not Transfer transfer all or any portion part of its Partnership Interest as to any Person except to one of its Affiliates. The Limited Partner hereby consents to any such transfer. The transferee Affiliate of all the Partnership Interest of the General Partner except pursuant to Persons who have agreed to this Section 11.2 shall be bound by all of the terms of this Agreement and applicable law. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted the General Partner pursuant immediately prior to Section 2.6(a) the effective date of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3transfer of the General Partner’s Partnership Interest and such transferee shall continue the business and operation of the Partnership without dissolution.

Appears in 2 contracts

Samples: Merry Maids Limited Partnership, ServiceMaster Consumer Services Limited Partnership

Transfer of Interest of General Partner. A General Partner may not Transfer all or any portion of its Interest as the General Partner except to Persons who have agreed to be bound by all of the terms of this Agreement and applicable law. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(aSECTION 2.6(A) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section SECTION 4.3.

Appears in 2 contracts

Samples: Hatteras Multi-Strategy Fund I, L.P., Hatteras Multi-Strategy TEI Fund, L.P.

Transfer of Interest of General Partner. A General Partner may not Transfer all or any portion of its Interest as the General Partner except without the unanimous consent of the Board of Directors, and any such Transfer shall only be to Persons a Person who have has agreed to be bound by all of the terms of this Agreement and applicable lawAgreement. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (HarbourVest - Origami Structured Solutions L.P.), Endowment PMF Master Fund, L.P.

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Transfer of Interest of General Partner. A General Partner may not Transfer all or any portion of its Interest as the General Partner except to Persons who have agreed to be bound by all of the terms of this Agreement and applicable law. If a General Partner Transfers its entire Interest as General Partner, it will not cease to be a General Partner unless and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3.Section

Appears in 1 contract

Samples: Hatteras Multi-Strategy TEI Institutional Fund, L.P.

Transfer of Interest of General Partner. A If the General Partner may not Transfer desires to sell or transfer all or any portion of its such General Partner’s Partnership Interest as the General Partner except a general partner to Persons a Person who have agreed to be bound by all of the terms of this Agreement and applicable law. If is not a General Partner Transfers its entire Interest as General Partner, it will not cease to such transfer shall be a General Partner unless permitted if (and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3.only if):

Appears in 1 contract

Samples: Limited Partnership Agreement (Dell Inc)

Transfer of Interest of General Partner. A If the General Partner may not Transfer desires to sell or transfer all or any portion of its such General Partner's Partnership Interest as the General Partner except a general partner to Persons a Person who have agreed to be bound by all of the terms of this Agreement and applicable law. If is not a General Partner Transfers its entire Interest as General Partner, it will not cease to such transfer shall be a General Partner unless permitted if (and until the transferee is admitted to the Partnership as a substituted General Partner pursuant to Section 2.6(a) of this Agreement. In executing this Agreement, each Partner is deemed to have consented to any Transfer contemplated by this Section 4.3.only if):

Appears in 1 contract

Samples: Eldertrust

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