Common use of Consents of General Partners Clause in Contracts

Consents of General Partners. If BGP consents to any Majority Decision or Unanimous Decision in its capacity as the Administering General Partner, BGP need not also give its consent to such Majority Decision or Unanimous Decision in its capacity as a General Partner. In the event of any need for consent of the General Partners to any Majority Decision or Unanimous Decision, the Administrating General Partner, or the requesting General Partner as the case may be, shall make such request of the General Partners and shall provide the General Partners with any information reasonably necessary for the General Partners to make an informed decision. If a General Partner does not respond within ten (10) Business Days after receipt of such request for consent to a Majority Decision or Unanimous Decision, such General Partner shall be deemed to have rejected such request; provided that a request pursuant to Section 3.3(a)(12), shall be deemed to be approved by a General Partner that does not respond within such ten Business Day period. Each General Partner (including the Administering General Partner) shall use its good faith reasonable efforts to respond promptly to requests for consent and to keep the other General Partners informed of the status of any matter regarding which such General Partner intends to request the General Partners' consent under Section 3.3 or Section 3.4. No General Partner shall be permitted to enter into a separate agreement with another General Partner regarding the voting of its General Partner interests or the granting of its consent to any Majority Decision or Unanimous Decision.