Transfers of Partnership Interests. Except as the Partners may otherwise agree from time to time, a Partner may not Transfer all or any part of its Partnership Interest without the Consent of each other Partner, which Consent may be withheld in the sole discretion of each such other Partner.
Transfers of Partnership Interests. Upon the transfer by any Partner of any part or all of its Partnership Interest in accordance with the terms of this Agreement, the proportionate amount of its respective Capital Account shall be transferred to the transferee.
Transfers of Partnership Interests. 7.1 Transfer of Limited Partnership Interests
Transfers of Partnership Interests. (a) No Partnership Interest shall be Transferred, in whole or in part, except (i) pursuant to a Permitted Transfer or (ii) following compliance with Section 10.2, and in either case in compliance with Section 10.4(a).
Transfers of Partnership Interests. In the event of a transfer by a Partner of all or part of such Partner’s Partnership interest in accordance with the terms and conditions of this Agreement, or in the event of any increase or decrease in the interest of any Partner, whether arising out of the entry of a new Partner, the liquidation (partial or whole) of any Partner’s interest, or otherwise, the share of the profits and losses of the respective Partners, and each item of income and expense related thereto, shall be determined by the “pro-rata method” described in Regulations section 1.706-l(c)(2)(ii), and all such items for the entire Fiscal Year shall be allocated between the disposing and transferee Partner according to the portion of the Fiscal Year that the interest in the Partnership was held by each.
Transfers of Partnership Interests. (a) No General Partner shall Transfer all or any part of its Partnership Interest, except as provided in this Agreement. Any purported Transfer of a Partnership Interest by a General Partner in violation of the terms of this Agreement shall be null and void and of no effect.
Transfers of Partnership Interests. The transfer of an interest in the Partnership shall mean the transfer, alienation, sale, assignment, pledge or other disposition or encumbrance of all or any part of an existing interest in the Partnership, whether voluntarily or involuntarily, whether for or without consideration, and includes a transfer by death or incompetency of a Partner, by operation of law, by bankruptcy of a Partner, by foreclosure or judicial sale or otherwise. In the event of the transfer of all or any part of the interest in the Partnership of a Partner in accordance with this Agreement, this Agreement shall be amended as necessary to reflect the transfer of the interest.
Transfers of Partnership Interests. (a) Except as otherwise provided herein, no Partner shall sell, transfer (by operation of law or otherwise), assign, dispose of, pledge or hypothecate any interest in the Partnership to any person or entity, without the written consent of the other Partner. Any transfer, pledge or hypothecation of the interest of a Partner in violation of the provisions of this Section 12 shall be null and void and shall not vest any purported transferee with any interest in the Partnership or rights as to profits or distributions.
Transfers of Partnership Interests. 12.1 CONSENT. The General Partner may, in its sole and absolute discretion, transfer, assign, sell, encumber or otherwise dispose of all or any part of its interest in the Partnership, without the consent of the Limited Partners; provided, however, that, prior to March 16, 1998, the General Partner shall not, without the consent of a majority of the Limited Partners, transfer, assign, sell, encumber or otherwise dispose of all or any part of its interest in the Partnership to any of its Affiliates other than an Affiliate whose securities will, in connection with such transfer, become issuable upon redemption of the Units. Nothing in this Section 12.1 shall preclude the transfer of Units to the extent necessary to provide that the Partners (other than the General Partner) are entitled to at least 1% in the aggregate of the distributions to the Partners pursuant to Section 8.4 for the taxable year and subsequent taxable years.
Transfers of Partnership Interests. 35 12.1 Consent...................................................... 35 12.2
