Common use of Certain Consent Rights Clause in Contracts

Certain Consent Rights. Notwithstanding any other provision of this Agreement to the contrary, (A) the General Partner shall have the right to enter into, effect and/or consummate, and, (B) the Limited Partners, as such, shall not have the right to approve, consent or vote with respect to: (x) any merger, consolidation, combination, sale of all or substantially all of the assets or stock of the General Partner, the sale of all of the General Partner’s interest in the Partnership or any similar transaction, which, in the case of this clause (x), if and only to the extent required by applicable law, has been approved by the stockholders of the General Partner, or (y) any merger, consolidation, combination, sale of all or substantially all of the assets of the Partnership or any similar transaction, which in the case of this clause (y) has been approved by the stockholders of the General Partner; provided, however, that if any transaction is determined to be described in both clauses (x) and (y) immediately above, the imposition of any requirement that the stockholders of the General Partner approve such transaction shall be governed solely by clause (x) and not by clause (y).

Appears in 3 contracts

Samples: www.sec.gov, Trump Plaza Associates, Trump Entertainment Resorts Holdings Lp

AutoNDA by SimpleDocs

Certain Consent Rights. Notwithstanding any other provision of this Agreement to the contrary, (A) the General Partner shall have the right to enter into, effect effect, and/or consummate, and, (B) the Limited Partners, as such, shall not have the right to approve, consent consent, or vote with respect to: (x) any merger, consolidation, combination, sale of all or substantially all of the assets or stock of the General Partner, the sale of all of the General Partner’s 's interest in the Partnership Partnership, or any similar transaction, which, in the case of this clause (x), if and only to the extent required by applicable law, has been approved by the stockholders of the General Partner, or (y) any merger, consolidation, combination, sale of all or substantially all of the assets of the Partnership Partnership, or any similar transaction, which in the case of this clause (y) has been approved by the stockholders of the General Partner; provided, however, that if any transaction is determined to be described in both clauses (x) and (y) immediately above, the imposition of any requirement that the stockholders of the General Partner Partnership approve such transaction shall be governed solely by clause (x) and not by clause (y).

Appears in 2 contracts

Samples: Trump Hotels & Casino Resorts Inc, Trump Hotels & Casino Resorts Funding Inc

AutoNDA by SimpleDocs

Certain Consent Rights. Notwithstanding any other provision of this Agreement to the contrary, (A) the General Partner shall have the right to enter into, effect effect, and/or consummate, and, (B) the Limited Partners, as such, shall not have the right to approve, consent consent, or vote with respect to: (x) any merger, consolidation, combination, sale of all or substantially all of the assets or stock of the General Partner, the sale of all of the General Partner’s 's interest in the Partnership Partnership, or any similar transaction, which, in the case of this clause (x), if and only to the extent required by applicable law, has been approved by the stockholders of the General Partner, or (y) any merger, consolidation, combination, sale of all or substantially all of the assets of the Partnership Partnership, or any similar transaction, which in the case of this clause (y) has been approved by the stockholders of the General Partner; providedPROVIDED, howeverHOWEVER, that if any transaction is determined to be described in both clauses (x) and (y) immediately above, the imposition of any requirement that the stockholders of the General Partner Partnership approve such transaction shall be governed solely by clause (x) and not by clause (y).

Appears in 1 contract

Samples: Trump Donald J

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!