Common use of Restrictions on Transfer Generally Clause in Contracts

Restrictions on Transfer Generally. No Partner shall, directly ---------------------------------- or indirectly, transfer, sell, assign, pledge, hypothecate, encumber or otherwise dispose of any Unit to any Person (any such act by a Partner being referred to as a "Transfer," and any Person acquiring a Unit being referred to as a "Transferee"), except (i) in compliance with the 1933 Act and all applicable state securities laws and (ii) as expressly permitted by this Agreement. Any attempt to Transfer any Unit not in compliance with this Agreement shall be null and void, and the Partnership shall not give effect to any such attempted Transfer.