Common use of Certain Transactions of the General Partner Clause in Contracts

Certain Transactions of the General Partner. Subject to the rights of any Holder of any Partnership Interest set forth in a Partnership Unit Designation, the General Partner may not, without the Consent of the Limited Partners, transfer all of its Partnership Interests in connection with (a) a merger, consolidation or other combination of its or the Partnership’s assets with another entity, (b) a sale of all or substantially all of its or the Partnership’s assets not in the ordinary course of the Partnership’s business or (c) a reclassification, recapitalization or change any of outstanding shares of the General Partner’s stock or other outstanding equity interests other than in connection with a stock split, reverse stock split, stock dividend change in par value, increase in authorized shares, designation or issuance of new classes of equity securities or any event that does not require the approval of the General Partner’s stockholders (each, a “Termination Transaction”) unless:

Appears in 3 contracts

Samples: Agreement (Parking REIT, Inc.), Agreement (Mobile Infrastructure Corp), Parking REIT, Inc.

AutoNDA by SimpleDocs

Certain Transactions of the General Partner. Subject to the rights of any Holder of any Partnership Interest set forth in a Partnership Unit Designation, the General Partner may notmay, without the Consent of the Limited Partners, transfer Transfer all of its Partnership Interests Interest in connection with (ax) a merger, consolidation or other combination of its or the Partnership’s assets with another entity, (by) a sale of all or substantially all of its or the Partnership’s assets not in the ordinary course of the Partnership’s business or (cz) a reclassification, recapitalization or change of any of outstanding shares of the General Partner’s stock or other outstanding equity interests other than in connection with a stock split, reverse stock split, stock dividend change in par value, increase in authorized shares, designation or issuance of new classes of equity securities or any event that does not require the approval of the General Partner’s stockholders (each, a “Termination Transaction”) unlessif:

Appears in 1 contract

Samples: ​ Agreement (Indus Realty Trust, Inc.)

AutoNDA by SimpleDocs

Certain Transactions of the General Partner. Subject to the rights of any Holder of any Partnership Interest set forth in a Partnership Unit Designation, the General Partner may notmay, without the Consent of the Limited Partners, transfer Transfer all of its Partnership Interests Interest in connection with (ax) a merger, consolidation or other combination of its or the Partnership’s assets with another entity, (by) a sale of all or substantially all of its or the Partnership’s assets not in the ordinary course of the Partnership’s business or (cz) a reclassification, recapitalization or change of any of outstanding shares of the General Partner’s stock or other outstanding equity interests other than in connection with a stock split, reverse stock split, stock dividend change in par value, increase in authorized shares, designation or issuance of new classes of equity securities or any event that does not require the approval of the General Partner’s stockholders (each, a “Termination Transaction”) unlessif:

Appears in 1 contract

Samples: Orion Office REIT Inc.

Time is Money Join Law Insider Premium to draft better contracts faster.