Assignee’s Rights. (a) Unless an Assignee becomes a Substitute Partner in accordance with the provisions of Section 8.3, it shall not be entitled to any of the rights (including voting rights) granted to a Partner hereunder or under TBOC, other than the right to receive the share of distributions and any other items attributable to a Partner’s Units to which its assignor would otherwise be entitled. (b) Any Partner that Transfers all of its Units shall cease to be a Partner.
Appears in 3 contracts
Sources: Agreement of Limited Partnership, Limited Partnership Agreement (Alta Mesa Holdings, LP), Agreement of Limited Partnership (Alta Mesa Holdings, LP)
Assignee’s Rights. (a) Unless an Assignee becomes a Substitute Partner in accordance with the provisions of Section 8.3, it shall not be entitled to any of the rights (including voting rights) granted to a Partner hereunder or under TBOCthe Act, other than the right to receive the share of distributions and any other items attributable to a Partner’s Units Interest to which its assignor would otherwise be entitled.
(b) Any Partner that Transfers all of its Units Interest shall cease to be a Partner.
Appears in 1 contract
Sources: Agreement of Limited Partnership (Rw Holdings NNN Reit, Inc.)