Common use of Effect of Article Clause in Contracts

Effect of Article. Any purported Transfer of a Partnership Interest ----------------- consummated in violation of this Article shall be null and void and of no force or effect. Any transferee acquiring an interest in the Partnership shall acquire the same subject to all the terms and provisions of this Agreement.

Appears in 1 contract

Sources: Limited Partnership Agreement (Rose Edward R Iii)

Effect of Article. Any purported Transfer of a Partnership Interest ----------------- consummated in violation of this Article shall be null and void and of no force or effect. Any transferee acquiring an interest in the Partnership shall acquire the same subject to all the terms and provisions of this Agreement.

Appears in 1 contract

Sources: Limited Partnership Agreement (Barlow Partners Lp)