Laserfiche WebLink
t7~~~ ~~~~~6 <br />16.8 The General Partners represent, war- <br />. cant and covenant that the taxable year of the Partnership <br />is the calendar year, and the Partnership shall file all <br />tax returns on such basis. <br />46 <br />1?. Transfer of Partnership Interests. <br />17.1 No General Partner shall sell, assign, <br />pledge or otherwise encumber or dispose of all or any part <br />of his or its general partnership interest in the Partner- <br />ship (including any beneficial interest therein> without the <br />prior written consent of all Limited Partners, which consent <br />may be withheld arbitrarily, and any attempt to do so shall <br />be null and void, provides'. however, that, notwithstanding <br />the foregoing, the General Partners shall have the right, <br />without the consent of any other Partner, to assign bene- <br />ficial interests in their Partnership interests from time <br />to time, so long as the aggregate cumulative amount ~f such <br />aaaignsents does not exceed 508 of their general partnership <br />interests in the Partnership as of the date of this Agree- <br />went. No person to whom a General Partner sells, assigns <br />or otheztirise disposes of all or any part of its general <br />partnership interest in the Fartnership shall be admitted <br />as general partner without the consent of all Limited Part- <br />nera, which consent may be withheld arbitrarily. <br />17.2 No Limited Partner shall sell, assign, <br />L_J <br /> <br /> <br />