Transferability of General Partner’s Interest. (a) Except as otherwise provided herein, the General Partner may not, directly or indirectly, sell, exchange, transfer, assign, pledge, hypothecate or otherwise dispose of all or any portion of its interest in the Partnership (any such direct or indirect sale, exchange, transfer, assignment, pledge, hypothecation, swap or other disposition being herein collectively called “Transfers”) to any Person without the prior unanimous written consent of the Partners at such time. If the General Partner so determines, and any such prior consent of the Limited Partners under this Article 10 so provides, the General Partner may admit any Person to whom the General Partner proposes to make such a Transfer as a substitute general partner of the Partnership, and such transferee shall be deemed admitted to the Partnership as a general partner of the Partnership immediately prior to such Transfer and shall continue the business of the Partnership without dissolution.
Transferability of General Partner’s Interest. (a) Except as otherwise provided herein, the General Partner may not Transfer to any Person (other than to a successor-in-interest (by merger or otherwise) or assignee that is an Affiliate of Greenhill, which Transfer may be made without the approval of any other Partner) without the prior approval of a majority of the Limited Partners. If the General Partner so determines in its discretion, and any such prior approval of the Limited Partners (if required) so provides, the General Partner may admit any Person to whom the General Partner proposes to make such a Transfer as an additional general partner of the Partnership, and such transferee shall be deemed admitted to the Partnership as a general partner of the Partnership immediately prior to such Transfer and shall continue the business of the Partnership without dissolution.
Transferability of General Partner’s Interest. Section 11.01. Transferability of General Partner's Interest..................................32
Transferability of General Partner’s Interest. (a) Except as otherwise provided herein, the General Partner may not Transfer all or any portion of its Interest to any Person without the prior approval of the Required Partners.
Transferability of General Partner’s Interest. (a) Except as otherwise provided herein, the General Partner may not, directly or indirectly, sell, exchange, transfer, assign, pledge, hypothecate or otherwise dispose of all or any portion of its interest in the Partnership (any such direct or indirect sale, exchange, transfer, assignment, pledge, hypothecation, swap or other disposition being herein collectively called “Transfers”) to any Person (other than to a successor-in-interest (by merger or otherwise) or assignee that is an Affiliate of Xxxxxxxxx, which Transfer may be made without the approval of any other Partner) without the prior approval of Limited Partners (other than Defaulting Investors) and limited partners of the Related Funds (other than defaulting partners) representing at least 75% of the aggregate Capital Commitments of all Limited Partners (other than Defaulting Investors) and limited partners of the Related Funds (other than defaulting partners) at such time. If the General Partner so determines in its discretion, and any such prior approval of the Limited Partners (if required) so provides, the General Partner may admit any Person to whom the General Partner proposes to make such a Transfer as an additional general partner of the Partnership, and such transferee shall be deemed admitted to the Partnership as a general partner of the Partnership immediately prior to such Transfer and shall continue the business of the Partnership without dissolution. Notwithstanding any such Transfer, the General Partner (and any transferee, if applicable) shall remain obligated to make payments pursuant to Section 10.04(b) to the extent that the General Partner (or such transferee) has received Carried Interest payments (less the deemed income tax liability as provided in Section 10.04(b)).
Transferability of General Partner’s Interest. The General Partner shall not assign, pledge, mortgage, hypothecate, give, sell or otherwise dispose of or encumber (each such act, a “Transfer”) all or any part of its interest as a general partner in the Partnership (including without limitation its interest in distributions under 7.2.1 or the Carried Interest). The General Partner shall not voluntarily permit a change of control in the General Partner, whether direct or indirect. Any attempted Transfer of the General Partner’s interest except in compliance with the preceding sentence shall be void to the fullest extent permitted by law.
Transferability of General Partner’s Interest. Section 6.1 Admission of Successor or Additional General Partner
Transferability of General Partner’s Interest. Except as otherwise provided in this Agreement and in addition to any other restrictions set forth herein on the transfer of the General Partner's Partnership Interest, the General Partner shall not, without the consent of the Limited Partners holding at least fifty-one percent (51%) of the Units, sell, assign, transfer, or otherwise dispose of, in whole or in part, its Partnership Interest or admit an additional General Partner, and any attempt by the General Partner to do so in violation of this Agreement shall be null and void ab initio. If all or any part of the General Partner's Partnership Interest is transferred in violation of this Agreement, the transferee shall be a mere assignee, and not a substituted Partner, with respect to the interest that is transferred.
Transferability of General Partner’s Interest. Section 11.01. Transferability of General Partner's Interest................ 66 Section 11.02. No-Fault Removal............................................. 67 ARTICLE 12 TRANSFERABILITY OF A LIMITED PARTNER'S INTEREST
Transferability of General Partner’s Interest. (a) The General Partner may not, directly or indirectly, sell, exchange, transfer, assign, pledge, hypothecate or otherwise dispose of all or any portion of its interest in the Partnership (any such direct or indirect sale, exchange, transfer, assignment, #10338536v8 pledge, hypothecation, swap or other disposition being herein collectively called “Transfers”) and shall procure that none of its Affiliates shall effect a transfer of its interest in Direct Loans to any Person without the prior unanimous written consent of the Partners at such time. If the General Partner so determines, and any such prior consent of the Limited Partners under this Article 10 so provides, the General Partner may admit any Person to whom the General Partner proposes to make such a Transfer as a substitute general partner of the Partnership, and such transferee shall be deemed admitted to the Partnership as a general partner of the Partnership immediately prior to such Transfer and shall continue the business of the Partnership without dissolution.
