Business in Other Jurisdictions. Notwithstanding anything contained herein to the contrary, neither [Name of Owner Trustee] nor the Owner Trustee shall be required to take any action in any jurisdiction other than in the State of Delaware if the taking of such action will, even after the appointment of a co-trustee or separate trustee in accordance with Section 9.05 hereof, (i) require the consent or approval or authorization or order of or the giving of notice to, or the registration with or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than the State of Delaware; (ii) result in any fee, tax or other governmental charge under the laws of the State of Delaware becoming payable by [Name of Owner Trustee], or (iii) subject [Name of Owner Trustee] to personal jurisdiction in any jurisdiction other than the State of Delaware for causes of action arising from acts unrelated to the consummation of the transactions by [Name of Owner Trustee] or the Owner Trustee, as the case may be, contemplated hereby.
Business in Other Jurisdictions. The Partnership shall not carry on business in any jurisdiction in which, in the opinion of counsel to the Partnership, the laws of that jurisdiction permit the liability of the Limited Partners to be limited upon compliance with such laws to the same extent that such Limited Partners enjoy limited liability under the Act unless the General Partner has taken all steps which may be required by the laws of that jurisdiction for the Limited Partners to benefit from such limited liability. The Partnership shall carry on business in such a manner as to ensure, to the greatest extent possible, the limited liability of the Limited Partners and the General Partner shall register the Partnership in other jurisdictions where the General Partner considers it is appropriate to do so.
Business in Other Jurisdictions. (a) The Partnership shall not carry on business in any jurisdiction unless the General Partner has taken all steps which may be required by the laws of that jurisdiction for the Limited Partners to benefit from limited liability to the same extent that such Limited Partners enjoy limited liability under the Act. The Partnership shall not carry on business in any jurisdiction in which the laws do not recognize the liability of the Limited Partners to be limited unless, in the opinion of the General Partner, the risks associated with the possible absence of limited liability in such jurisdiction are not significant considering the relevant circumstances.
(b) The Partnership shall carry on business in such a manner as to ensure, to the greatest extent possible, the limited liability of the Limited Partners, and the General Partner shall register the Partnership in other jurisdictions where the General Partner considers it appropriate to do so.
Business in Other Jurisdictions. (1) The Partnership shall not carry on business in any jurisdiction unless the General Partner has taken all steps that may be required by the laws of that jurisdiction for the Limited Partners to benefit from limited liability to the same extent that such Limited Partners enjoy limited liability under the Act.
(2) The Partnership shall carry on business in such a manner as to ensure, to the greatest extent possible, the limited liability of the Limited Partners, and the General Partner shall register the Partnership in other jurisdictions where the General Partner considers it appropriate to do so.
Business in Other Jurisdictions. (a) The General Partner will not carry on any business for and on behalf of the Partnership in any jurisdiction unless the General Partner has taken all steps which may be required by the laws of that jurisdiction for the Limited Partners to benefit from limited liability to the same extent that Limited Partners enjoy limited liability under the Act. The General Partner will not carry on business for and on behalf of the Partnership in any jurisdiction in which the laws do not recognize the liability of the Limited Partners to be limited unless, in the opinion of the General Partner, the risks associated with the possible absence of limited liability in that jurisdiction are not significant considering the relevant circumstances.
(b) The General Partner will carry on business for and on behalf of the Partnership in a manner so as to ensure to the greatest extent possible the limited liability of the Limited Partners (other than any Limited Partner that is also the General Partner), and the General Partner will register the Partnership in other jurisdictions where the General Partner considers it appropriate to do so.
Business in Other Jurisdictions. Notwithstanding anything contained herein to the contrary, the Owner Trustee (in its individual and trustee capacities) shall not be required to take any action in any jurisdiction other than in the State of Delaware if the taking of such action will, even after the appointment of a co-trustee or separate trustee in accordance with Section 10.5 hereof, (i) require the consent or approval or authorization or order of or the giving of notice to, or the registration with or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than the State of Delaware; (ii) result in any fee, tax or other governmental charge under the laws of the State of Delaware becoming payable by the Owner Trustee (in its individual capacity); or (iii) subject the Owner Trustee (in its individual capacity) to personal jurisdiction in any jurisdiction other than the State of Delaware for causes of action arising from acts unrelated to the consummation of the transactions by the Owner Trustee (in its individual and trustee capacities) contemplated hereby.
Business in Other Jurisdictions. Prior to conducting any business in any jurisdiction, the General Partners shall cause the Partnership either to comply with all the requirements for the qualification of the Partnership (1) to conduct business as a foreign limited partnership in such jurisdiction, (2) to conduct business in such jurisdiction through other partnerships or entities, (3) to constitute the Partnership as a limited partnership under the laws of such jurisdiction, or (4) by such other means as the General Partners, upon the advice of counsel to the Partnership, deem appropriate to preserve the limited liability of the Limited Partners; provided, however, that the Partnership shall not conduct business in a manner that, in the opinion of counsel to the Partnership, would cause the Partnership to be classified for federal income tax purposes as an association taxable as a corporation and not as a partnership.
Business in Other Jurisdictions. The General Partner shall not carry on the Business in any jurisdiction unless the Partnership and the General Partner are registered, if required by law, to carry on business in such jurisdiction.
Business in Other Jurisdictions. Notwithstanding anything contained herein to the contrary, neither Wilmington Trust Company nor the Owner Trustee shall be required to take any action in any jurisdiction other than in the State of Delaware if the taking of such action will (i) require the consent or approval or authorization or order of, or the giving of notice to, or the registration with, or the taking of any other action in required by, any state or other governmental authority or agency of any jurisdiction other than the State of Delaware; (ii) result in any fee, tax or other governmental charge under the laws of any jurisdiction or any political subdivisions thereof in existence on the date hereof other than the State of Delaware becoming payable by Wilmington Trust Company or the Owner Trustee; or (iii) subject Wilmington Trust Company or the Owner Trustee to personal jurisdiction in any jurisdiction other than the State of Delaware for causes of action arising from acts unrelated to the consummation of the transactions by Wilmington Trust Company or the Owner Trustee, as the case may be, contemplated hereby. The Owner Trustee shall be entitled to obtain advice of counsel (which advice shall be an expense of the Trust under Section 8.01 of this Agreement) to determine whether any action required to be taken pursuant to the Agreement results in the consequences described in clauses (i), (ii) and (iii) of the preceding sentence. In the event that said counsel advises the Owner Trustee that such action will result in such consequences, the Owner Trustee will appoint an additional trustee pursuant to Section 10.05 hereof to proceed with such action.
Business in Other Jurisdictions.
(a) Neither of the General Partners will carry on any business for and on behalf of the Partnership in any jurisdiction unless the General Partners have taken all steps that may be required by the laws of that jurisdiction for the Limited Partners to benefit from limited liability to the same extent that Limited Partners enjoy limited liability under the Act. Neither of the General Partners will carry on business for and on behalf of the Partnership in any jurisdiction in which the laws do not recognize the liability of the Limited Partners to be limited unless, in the opinion of the REIT GP, the risks associated with the possible absence of limited liability in that jurisdiction are not significant considering the relevant circumstances.
(b) Each of the General Partners will carry on business for and on behalf of the Partnership in a manner so as to ensure to the greatest extent possible the limited liability of the Limited Partners (other than any Limited Partner that is also the General Partner), and the REIT GP will register the Partnership in other jurisdictions where the General Partners consider it appropriate to do so.
