Common use of Assignment of Partnership Interests Clause in Contracts

Assignment of Partnership Interests. Pursuant to Section 23 of each of the Partnership Agreements and Section 620.152, Florida Statutes, the General Partner Assignor assigns all of its general partnership interests in the Partnerships to the First Assignee. The First Assignee accepts the assignment of all of the general partnership interests. Pursuant to Section 23 of each of the Partnership Agreements and Section 620.152, Florida Statutes, the First Assignee assigns all of its general partnership interests in the Partnerships to the General Partner Assignee. The General Partner Assignee accepts the assignment of all of the general partnership interests.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Paxson Communications Corp), Limited Partnership Agreement (Paxson Communications Corp)