Common use of APPROVAL BY SELLER'S PARTNERS Clause in Contracts

APPROVAL BY SELLER'S PARTNERS. As a condition to Seller's ----------------------------- obligations to consummate the transaction contemplated hereby, Seller shall have, within ten (10) days following the Effective Date, obtained the approval of the limited partners and other general partners (the "PARTNERS") of Seller. In the event the Partners fail to approve the transaction contemplated hereby, Seller shall so notify Buyer within such ten (10) day period, in which event this Agreement along with the Additional Property Agreements shall terminate and the Xxxxxxx Money shall be returned to Buyer. The failure by Seller to notify Buyer of Seller's election to terminate this Agreement in accordance with the provisions of this SECTION 4.2, within such ten (10) day period, shall be deemed to be an election on the part of Seller to waive such contingency.

APPROVAL BY SELLER'S PARTNERS. As a condition to Seller's ----------------------------- obligations to consummate the transaction contemplated hereby, Seller shall have, within ten (10) days following the Effective Date, obtained the approval of the limited partners and the other general partners (the "PARTNERS") of Seller. In the event the Partners fail to approve the transaction contemplated hereby, Seller shall so notify Buyer within such ten (10) day period, in which event this Agreement along with the Additional Property Agreements shall terminate and the Xxxxxxx Money shall be returned to Buyer. The failure by Seller to notify Buyer of Seller's election to terminate this Agreement in accordance with the provisions of this SECTION 4.2, within such ten (10) day period, shall be deemed to be an election on the part of Seller to waive such contingency.

APPROVAL BY SELLER'S PARTNERS. As a condition to Seller's ----------------------------- obligations to consummate the transaction contemplated hereby, Seller shall have, within ten (10) days following the Effective Date, obtained the approval of the limited partners and the other general partners (the "PARTNERS") of Seller. In the event the Partners fail to approve the transaction contemplated hereby, hereby Seller shall so notify Buyer within such ten (10) day period, in which event this Agreement along with the Additional Property Agreements shall terminate and the Xxxxxxx Money shall be returned to Buyer. The failure by Seller to notify Buyer of Seller's election to terminate this Agreement in accordance with the provisions of this SECTION 4.2, within such ten (10) day period, shall be deemed to be an election on the part of Seller to waive such contingency.