Transfers by General Partner. The General Partner may transfer or assign its general partnership interest in the Partnership with the affirmative Votes of a Majority in Interest. Subject to Subsection 6.3(b)(i) hereof, no assignment by the General Partner of its interest as a General Partner shall relieve such Partner of any liability hereunder. The General Partner may not withdraw as the General Partner of the Partnership unless said withdrawal occurs as a result of a permitted Transfer of the General Partner’s interest in the Partnership in accordance with the terms of this Agreement.
Transfers by General Partner. With prior written approval of a Majority Interest, the General Partner may Transfer all, but not less than all, of its Partnership Interest to any Person. The General Partner may Transfer its Partnership Interest to an Affiliate of the General Partner without the approval of any other Partner. Any Transfer by the General Partner of its Partnership Interest under this Section 7.1(b) to an Affiliate of the General Partner or any other Person shall not constitute a withdrawal of the General Partner under Section 7.2(a), Section 8.1(b), or any other provision of this Agreement. If any such Transfer is deemed to constitute a withdrawal under such provisions or otherwise and results in the dissolution of the Partnership under this Agreement or the laws of any jurisdiction to which the Partnership or this Agreement is subject, the Partners hereby unanimously consent to the reconstitution and continuation of the Partnership immediately following such dissolution, pursuant to Section 8.2.
Transfers by General Partner. The General Partner may not sell, exchange, encumber, pledge, gift, distribute, assign or transfer all or any portion of its Units without the consent of all of the Limited Partners; provided, however, that the General Partner may transfer such Units to a successor General Partner in the event of a removal effectuated pursuant to Section 9.1.
Transfers by General Partner. The General Partner may Transfer all or ---------------------------- any part of its Partnership Interest to an Assignee to be admitted to the Partnership as a General Partner or as a Limited Partner if all of the following conditions are met:
Transfers by General Partner. Other than Transfers by the General Partner to one or more General Partner Affiliates, the General Partner may not Transfer its Interest in the Partnership without the prior written consent of all of the Limited Partners. Notwithstanding the foregoing, the General Partner may assign, in part, its right to receive distributions (and the Income related thereto) under Section 4.2(c) without the consent of any Partner.
Transfers by General Partner. Except as provided in Section 10.3, the assignee of a General Partner Unit shall not be admitted as a substitute General Partner without the written consent of all the other Partners. In no event shall the assignee of any Partnership Units from a General Partner become, or exercise the rights of a Limited Partner unless the remaining General Partner, if any, in their sole discretion jointly permit the assignee to become a substitute Limited Partner with respect to such transferred Units and the assignee executes a copy of or joinder to this Agreement. The General Partner shall not Transfer its Partnership Units in a manner such that the Partnership would have no General Partner after such Transfer.
Transfers by General Partner. The General Partner may Transfer all or part of its interest as General Partner only with the consent of and upon such terms and conditions as have been approved by a Majority Interest of the Limited Partners.
Transfers by General Partner. The General Partner covenants and agrees that it will not sell, assign, transfer, mortgage, pledge, encumber, hypothecate or otherwise dispose of all or any part of its Interest in the Partnership as General Partner to any Person without first having obtained the written consent of all of the Partners to any such proposed disposition. In the event the General Partner transfers full and complete ownership of all or any portion of its interest in the Partnership as General Partner in compliance with the provisions of this Section 5.2(b), the Partnership shall continue, and the transferee of such interest shall be admitted to the Partnership as a General Partner with the same interest in Partnership Net Profit or Net Loss, tax items, capital and distributions, the same obligations with respect to contributions to the capital of the Partnership, and the same rights and obligations to participate in the management of the Partnership, as the transferring General Partner had with respect to the transferred interest in the Partnership; provided, however, that any such transferee shall be subject to the terms and conditions of this Agreement and shall promptly execute and deliver to the Partnership such documents as may be necessary or appropriate, in the opinion of counsel to the Partnership, to reflect such transferee's admission to the Partnership as a General Partner and its agreement to be bound by all of the terms and conditions of this Agreement.
Transfers by General Partner. (a) The General Partner may not Transfer all or any part of its Interest in the Partnership without the prior written consent of Partners holding at least 75% of the total Capital Account balances of all Partners excluding the General Partner.
Transfers by General Partner. Except as otherwise provided herein, the General Partner shall have the right to sell, assign, pledge, transfer, hypothecate or otherwise dispose of all or any part of its interests in and to the Limited Partnership, the General Partner and their capital, profits and losses, without the prior written consent of the Limited Partners.
