Common use of Minimum Transfer Restriction Clause in Contracts

Minimum Transfer Restriction. Any Transferring Partner must Transfer not less than the lesser of (i) the greater of five hundred (500) Partnership Units or one-third (1/3) of the number of Partnership Units owned by such Partner as of the Effective Date or (ii) all of the remaining Partnership Units owned by such Transferring Partner; PROVIDED, HOWEVER, that, for purposes of determining compliance with the foregoing restriction, all Partnership Units owned by Affiliates of a Limited Partner shall be considered to be owned by such Limited Partner.

Minimum Transfer Restriction. Any Transferring Partner must Transfer not less than the lesser of (i) the greater of five hundred thousand (5005,000) Partnership Units (or such lesser number as to which the General Partner has consented in writing) or one-third (1/3) of the number of Partnership Units owned by such Transferring Partner as of the Effective Date or (ii) all of the remaining Partnership Units owned by such Transferring Partner; PROVIDEDprovided, HOWEVERhowever, that, for purposes of determining compliance with the foregoing restriction, all Partnership Units owned by Affiliates of a Limited Partner shall be considered to be owned by such Limited Partner.