Transfer Generally. (a) The term "transfer," when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise. (b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void. (c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 6 contracts
Sources: Limited Partnership Agreement (Rio Vista Energy Partners Lp), Limited Partnership Agreement (Rio Vista Energy Partners Lp), Limited Partnership Agreement (Rio Vista Energy Partners Lp)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the a General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnershipa General Partner, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company membership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 6 contracts
Sources: Limited Partnership Agreement (Penn Virginia Resource Partners L P), Limited Partnership Agreement (Penn Virginia Resource Partners L P), Merger Agreement (Penn Virginia GP Holdings, L.P.)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company membership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 6 contracts
Sources: Agreement of Limited Partnership (Martin Midstream Partners L.P.), Agreement of Limited Partnership (Opr, LLC), Agreement of Limited Partnership (NGL Crude Terminals, LLC)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member partner or other owner of the General Partner of any or all of the limited liability company partnership interests or other ownership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 5 contracts
Sources: Limited Partnership Agreement (Crosstex Energy Lp), Senior Subordinated Series C Unit Purchase Agreement (Crosstex Energy Inc), Limited Partnership Agreement (Crosstex Energy Lp)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the PartnershipGeneral Partner, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent (i) a disposition by any member limited partner of the General Partner of any or all of the issued and outstanding limited liability company partner interests of the General Partner. At Partner or (ii) a disposition by any time, any member general partner of the General Partner may sell of any or transfer all of the issued and outstanding capital stock or part other equity interests of such member's limited liability company interests in the General Partner without Unitholder approvalgeneral partner.
Appears in 4 contracts
Sources: Merger Agreement (NuStar Energy L.P.), Limited Partnership Agreement (NuStar Energy L.P.), Limited Partnership Agreement (NuStar Energy L.P.)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Partnership Interest as a general partner in the Partnership to another Person who becomes the general partner of the PartnershipGeneral Partner, or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding member interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 4 contracts
Sources: Limited Partnership Agreement (Enterprise Products Partners L P), Merger Agreement (Enterprise GP Holdings L.P.), Limited Partnership Agreement (Enterprise Products Partners L P)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the PartnershipGeneral Partner, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding membership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 4 contracts
Sources: Agreement of Limited Partnership (Magellan Midstream Partners Lp), Simplification of Capital Structure Agreement (Magellan Midstream Partners Lp), Limited Partnership Agreement (Magellan Midstream Partners Lp)
Transfer Generally. (a) The term "transfer," when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the a General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, General Partner or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner (or an Assignee), and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding member interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Crosstex Energy Lp), Limited Partnership Agreement (Martin Midstream Partners Lp), Agreement of Limited Partnership (Martin Midstream Partners Lp)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, a General Partner or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company membership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Armstrong Resource Partners, L.P.), Limited Partnership Agreement (Natural Resource Partners Lp), Limited Partnership Agreement
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange exchange, or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member partner or other owner of the General Partner of any or all of the limited liability company partnership interests or other ownership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 2 contracts
Sources: Agreement of Limited Partnership (EnLink Midstream, LLC), Agreement of Limited Partnership (EnLink Midstream Partners, LP)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise, excluding a pledge, encumbrance, hypothecation or mortgage but including any transfer upon foreclosure of any pledge, encumbrance, hypothecation or mortgage.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article ARTICLE IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article ARTICLE IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member stockholder, member, partner or other owner of the General Partner of any or all of the limited liability company shares of stock, membership interests, partnership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company other ownership interests in the General Partner without Unitholder approvalPartner.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Spectra Energy Partners, LP), Equity Restructuring Agreement (Spectra Energy Partners, LP)
Transfer Generally. (a) The term "transfer," when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which (i) the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the PartnershipGeneral Partner, by which (ii) the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes or (iii) a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition of a Partnership Interest, by law or otherwise, occurs.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding membership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 2 contracts
Sources: Contribution Agreement (Atlas Pipeline Partners Lp), Contribution Agreement (Resource America Inc)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnershipa General Partner, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company membership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 2 contracts
Sources: Agreement of Limited Partnership (Natural Resource Partners Lp), Limited Partnership Agreement (Natural Resource Partners Lp)
Transfer Generally. (a) The term "transfer," when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, General Partner (or an Assignee) or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner (or an Assignee), and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member shareholder of the General Partner of any or all of the limited liability company interests issued and outstanding capital stock of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Plains All American Pipeline Lp), Agreement of Limited Partnership (Plains All American Pipeline Lp)
Transfer Generally. (a) The term "transfer," when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the a General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, General Partner or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner (or an Assignee), and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member or other owner of the General Partner of any or all of the limited liability company issued and outstanding membership interests or other ownership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Crosstex Energy Lp), Limited Partnership Agreement (Crosstex Energy Lp)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Partnership Interest as a general partner in the Partnership to another Person who becomes the general partner of the PartnershipGeneral Partner, or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article ARTICLE IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article ARTICLE IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding member interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, a General Partner or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise, including any transfer upon foreclosure of any pledge, encumbrance, hypothecation or mortgage.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company membership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the a General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnershipa General Partner, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member stockholder of the a General Partner of any or all of the limited liability company interests issued and outstanding stock of the such General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Alliance Resource Partners Lp), Limited Partnership Agreement (Alliance Resource Partners Lp)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Partnership Interest as a general partner in the Partnership to another Person who becomes the general partner of the PartnershipGeneral Partner, or by which the holder of a Limited Partner assigns its Partnership Interest assigns such Limited Partner Interest as a limited partner in the Partnership to another Person who is or becomes a the Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding member interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 2 contracts
Sources: Agreement of Limited Partnership (Enterprise Products Partners L P), Limited Partnership Agreement (Enterprise Products Partners L P)
Transfer Generally. (a) The term "transfer," when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who then becomes the general partner of the Partnership, Partnership or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 2 contracts
Sources: Agreement and Plan of Redemption and Merger (Markwest Hydrocarbon Inc), Agreement and Plan of Redemption and Merger (Markwest Energy Partners L P)
Transfer Generally. (a) The term "''transfer," '' when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the PartnershipGeneral Partner, or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of interest holder in the General Partner of any or all of the limited liability company interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company issued and outstanding interests in the General Partner without Unitholder approvalPartner.
Appears in 1 contract
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, General Partner or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner (or an Assignee), and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member stockholder, member, partner or other owner of the General Partner of any or all of the limited liability company shares of stock, membership interests, partnership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company other ownership interests in the General Partner without Unitholder approvalPartner.
Appears in 1 contract
Sources: Limited Partnership Agreement (K-Sea Tranportation Partners Lp)
Transfer Generally. (a) The term "''transfer," '' when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the a General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, or by which the a holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member interest holder of the a General Partner of any or all of the limited liability company issued and outstanding interests of the such General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 1 contract
Sources: Agreement of Limited Partnership (Genesis Energy Lp)
Transfer Generally. (a) The term "transfer," when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, General Partner or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner (or an Assignee), and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member stockholder, member, partner or other owner of the General Partner of any or all of the limited liability company shares of stock, membership interests, partnership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company other ownership interests in the General Partner without Unitholder approvalPartner.
Appears in 1 contract
Sources: Limited Partnership Agreement (K-Sea Transportation Partners Lp)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the a General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnershipa General Partner, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the a General Partner of any or all of the limited liability company issued and outstanding membership interests of the such General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 1 contract
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the PartnershipGeneral Partner, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member stockholder of the General Partner of any or all of the limited liability company interests issued and outstanding stock of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 1 contract
Sources: Agreement of Limited Partnership (Alliance Resource Partners Lp)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction (i) by which the General Partner assigns its General Partner Interest InterestUnits to another Person who becomes the general partner of the Partnershipa General Partner, or (ii) by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member stockholder, member, partner or other owner of the General Partner of any or all of the limited liability company shares of stock, membership interests, partnership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company other ownership interests in the General Partner without Unitholder approvalPartner.
6. The following changes were made to Section 5.1:
Appears in 1 contract
Sources: Second Amended and Restated Agreement of Limited Partnership (K-Sea Transportation Partners Lp)
Transfer Generally. (a) The term "transfer," when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the PartnershipGeneral Partner, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding membership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 1 contract
Sources: Limited Partnership Agreement (Atlas Pipeline Partners Lp)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction (i) by which the General Partner assigns its General Partner Interest Units to another Person who becomes the general partner of the Partnership, a General Partner or (ii) by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member stockholder, member, partner or other owner of the General Partner of any or all of the limited liability company shares of stock, membership interests, partnership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company other ownership interests in the General Partner without Unitholder approvalPartner.
Appears in 1 contract
Sources: Limited Partnership Agreement (K-Sea Transportation Partners Lp)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the PartnershipGeneral Partner, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.. Table of Contents
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding membership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 1 contract
Sources: Limited Partnership Agreement (Magellan Midstream Holdings Lp)
Transfer Generally. (a) The term "“transfer," ” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Partnership Interest as a general partner in the Partnership to another Person who becomes the general partner of the PartnershipGeneral Partner, or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article ARTICLE IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article ARTICLE IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding member interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 1 contract
Sources: Limited Partnership Agreement (Enterprise Products Partners L.P.)
Transfer Generally. (a) The term "transfer," when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Interest to another Person who becomes the general partner of the Partnership, by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member partner or other owner of the General Partner of any or all of the limited liability company partnership interests or other ownership interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 1 contract
Sources: Agreement of Limited Partnership (Crosstex Energy Lp)
Transfer Generally. (a) The term "transfer," when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Partnership Interest as a general partner in the Partnership to another Person who becomes the general partner of the PartnershipGeneral Partner, or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding member interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 1 contract
Sources: Limited Partnership Agreement (Enterprise Products Operating L P)
Transfer Generally. (a) The term "''transfer," '' when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a transaction by which the General Partner assigns its General Partner Partnership Interest as a general partner in the Partnership to another Person who becomes the general partner of the PartnershipGeneral Partner, or by which the holder of a Limited Partner Interest assigns such Limited Partner Interest to another Person who is or becomes a Limited Partner or an Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or otherwise.
(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void.
(c) Nothing contained in this Agreement shall be construed to prevent a disposition by any member of the General Partner of any or all of the limited liability company issued and outstanding member interests of the General Partner. At any time, any member of the General Partner may sell or transfer all or part of such member's limited liability company interests in the General Partner without Unitholder approval.
Appears in 1 contract
Sources: Limited Partnership Agreement (Enterprise Products Partners L P)