Common use of Transfer to Subsidiary Clause in Contracts

Transfer to Subsidiary. Subject to compliance with the other provisions of this ‎Article VII, the General Partner may Transfer all of its Interests at any time to any Person that is, at the time of such Transfer, a direct or indirect wholly owned Subsidiary of the General Partner without the consent of any Partner and may designate the transferee to become the new General Partner for all purposes of this Agreement.

Transfer to Subsidiary. Subject to compliance with the other provisions of this ‎Article Article VII, the General Partner may Transfer all of its Interests at any time to any Person that is, at the time of such Transfer, a direct or indirect wholly owned Subsidiary of the General Partner without the consent of any Partner and may designate the transferee to become the new General Partner for all purposes of this Agreement.