Common use of Conditions of Transfer of Interest Clause in Contracts

Conditions of Transfer of Interest. No transfer of any Partnership interest shall be made except in compliance with all securities and other applicable laws. The Partnership may, in addition to the other requirements of this Agreement, require as a condition to permitting any transfer an opinion of counsel satisfactory to the Partnership showing that no violation of any applicable law shall result from the transfer.

Appears in 2 contracts

Sources: Agreement of Limited Partnership (Onsite Energy, Inc.), Limited Partnership Agreement (Somerset Power LLC)