Common use of Certificates of Interest Clause in Contracts

Certificates of Interest. The Interests of the Partners in the Partnership may be represented by Certificates (“Certificates”), which certify the Percentage Interest held by such Partner. Subject to the laws of Delaware and the terms of this Agreement, the Interests in the Partnership shall be transferable only upon the books of the Partnership by the holders thereof, upon surrender and cancellation of Certificates for such Interest transferred, with a duly executed assignment and power of transfer endorsed thereon or attached thereto, and with such proof of the authenticity of the signature to such assignment and power of transfer as the Partnership or its agents reasonably may require. All transfers and assignments shall be subject to the provisions of Article 8 above and to all other provisions of this Agreement. The Partnership may issue a new or replacement Certificate in place of any Certificate previously issued by it and satisfactorily alleged to have been lost, stolen or destroyed.