KYC Requirements. The General Partner may require, in connection with any proposed transfer of Partnership Units by a Limited Partner, that such Limited Partner provide documentation relating to the proposed transferee of such Partnership Units to the extent reasonably required in connection with any customary “know your client” searches conducted by or at the direction of the General Partner. If the General Partner determines, in its sole discretion, that such proposed transferee does not satisfy such customary “know your client” requirements, then the General Partner may prohibit the transfer of Partnership Units to such proposed transferee.
Appears in 2 contracts
Sources: Agreement of Limited Partnership (FrontView REIT, Inc.), Agreement of Limited Partnership (FrontView REIT, Inc.)