Common use of Economic Rights Clause in Contracts

Economic Rights. Subject to Section 4.1(d), an Assignee that holds an interest in the Partnership shall be entitled to receive the allocations attributable to such interest pursuant to Section 4, to receive the distributions attributable to such interest pursuant to Section 5 and Section 8, and to Transfer such interest in accordance with the terms of this Section 7. Notwithstanding the preceding sentence, the Partnership and the Partners shall incur no liability for allocations and distributions made in good faith to a transferor until a valid written instrument of Transfer has been received by the Partnership and recorded on its books and the effective time of the Transfer has passed.