Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 and 9.2, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof. (b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 5 contracts
Sources: Limited Partnership Agreement (United Development Funding Income Fund V), Limited Partnership Agreement (Cole Credit Property Trust V, Inc.), Limited Partnership Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 9.5 and 9.29.6 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its his Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s 's Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 4 contracts
Sources: Agreement of Limited Partnership (Innsuites Hospitality Trust), Limited Partnership Agreement (Liberty Self Stor Inc), Limited Partnership Agreement (Realty Refund Trust)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 and 9.29.2 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its his Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s 's Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its his Limited Partnership Interest.
Appears in 4 contracts
Sources: Merger Agreement (Westbrook Real Estate Partners LLC), Agreement of Limited Partnership (Sunstone Hotel Investors Inc), Limited Partnership Agreement (Western Properties Trust)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 8.01 and 9.28.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Four Springs Capital Trust), Limited Partnership Agreement (Four Springs Capital Trust), Limited Partnership Agreement (Four Springs Capital Trust)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 Section 9.01 and 9.29.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its his Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all of the provisions of to this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its his Limited Partnership Interest.
Appears in 3 contracts
Sources: Third Amended and Restated Agreement of Limited Partnership (Condor Hospitality Trust, Inc.), Third Amended and Restated Agreement of Limited Partnership (Supertel Hospitality Inc), Third Amended and Restated Agreement of Limited Partnership (Supertel Hospitality Inc)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 and 9.2Section 9.01 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Capital Lodging), Limited Partnership Agreement (Capital Lodging)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 Section 9.01 and 9.29.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its his Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited 's Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all of the provisions of to this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its his Limited Partnership Interest.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Humphrey Hospitality Trust Inc), Limited Partnership Agreement (Humphrey Hospitality Trust Inc)
Rights of Assignees of Partnership Interests.
(a) Subject to the provisions of Sections 9.1 9.01 and 9.29.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 2 contracts
Sources: Limited Liability Limited Partnership Agreement, Limited Liability Limited Partnership Agreement
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 9.01 and 9.29.02, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s 's Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Cole Credit Property Trust II Inc), Limited Partnership Agreement (Cole Credit Property Trust II Inc)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 9.5 and 9.29.6 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its his Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s 's Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all of the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 2 contracts
Sources: Agreement of Limited Partnership (Boykin Lodging Co), Limited Partnership Agreement (Boykin Lodging Co)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 8.1 and 9.28.2 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE IX Article VIII to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 1 contract
Sources: Agreement of Limited Partnership (Four Springs Capital Trust)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 9.01 and 9.29.02, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s 's Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 1 contract
Sources: Limited Partnership Agreement (United Dominion Realty Trust Inc)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 9.5 and 9.29.6 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its his Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 1 contract
Sources: Limited Partnership Agreement (Stonehaven Realty Trust)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 and 9.2Section 9.01 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s 's Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 1 contract
Sources: Limited Partnership Agreement (First Potomac Realty Trust)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 9.01 and 9.29.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its his Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its his Limited Partnership Interest.
Appears in 1 contract
Sources: Limited Partnership Agreement (Presidential Realty Corp/De/)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 and 9.29.2 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 1 contract
Sources: Limited Partnership Agreement (Dakota Real Estate Investment Trust)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 9.01 and 9.29.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.
(b) . Any Person who is the assignee of all or any portion of a Limited Partner’s 's Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 1 contract
Sources: Limited Partnership Agreement (Ocwen Asset Investment Corp)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 9.01 and 9.29.02, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its his Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its his Limited Partnership Interest.
Appears in 1 contract
Sources: Limited Partnership Agreement (W2007 Grace Acquisition I Inc)
Rights of Assignees of Partnership Interests. (a) Subject to the provisions of Sections 9.1 9.01 and 9.29.02, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.
(b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.
Appears in 1 contract
Sources: Limited Partnership Agreement (Cole Credit Property Trust Inc)
Rights of Assignees of Partnership Interests. (a) i. Subject to the provisions of Sections 9.1 9.01 and 9.29.02 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its his Partnership Interest until the Partnership has received notice thereof.
(b) ii. Any Person who is the assignee of all or any portion of a Limited Partner’s 's Limited Partnership Interest, but who does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this ARTICLE Article IX to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its his Limited Partnership Interest.
Appears in 1 contract
Sources: Limited Partnership Agreement (Capital Automotive Reit)