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

Transfer of Interest of General Partner. The General Partner may not transfer all or any part of its Percentage Interest to any Person except to one of its Affiliates. The Limited Partner consents to any such transfer. The transferee Affiliate of all the Percentage Interest of the General Partner pursuant to this Section 11.2 shall be admitted to the Partnership as the General Partner immediately prior to the effective date of transfer of the General Partner’s Percentage Interest and such transferee shall continue the business and operation of the Partnership without dissolution.

Transfer of Interest of General Partner. The General Partner may not transfer all or any part of its Percentage Interest to any Person except to one of its Affiliates. The Limited Partner consents Partners consent to any such transfer. The transferee Transferee Affiliate of all the Percentage Interest of the General Partner pursuant to this Section 11.2 shall be admitted to the Partnership Percentage as the General Partner immediately prior to the effective date of transfer of the General Partner’s Percentage Interest and such transferee shall continue the business and operation of the Partnership Percentage without dissolution.