Common use of Transfer in General Clause in Contracts

Transfer in General. NO PARTNER OR ASSIGNEE MAY TRANSFER ALL OR ANY PORTION OF SUCH PARTNER OR ASSIGNEE'S INTEREST IN THE PARTNERSHIP WITHOUT THE PRIOR WRITTEN CONSENT OF THE GENERAL PARTNER IF SUCH TRANSFER WOULD (A) CAUSE THE PARTNERSHIP TO HAVE MORE THAN 100 PARTNERS WITHIN THE MEANING OF TREASURY REGULATION SECTION 1.7704-1(H) OR (B) CAUSE THE PARTNERSHIP TO HAVE TO REGISTER AS AN INVESTMENT PARTNERSHIP FOR PURPOSES OF THE INVESTMENT PARTNERSHIP ACT OF 1940, AS AMENDED.