Generally; Approval by the Fund Sample Clauses

Generally; Approval by the Fund. The Managing General Partner shall originate net-leased properties as candidates for acquisition by the Partnership (any such property, a "PROPOSED QUALIFIED PROPERTY") and shall consult regularly with the Advisor regarding each Proposed Qualified Property. The Managing General Partner or Asset Manager may, with the consent of the Advisor, enter into a good faith non-binding letter of intent concerning the acquisition of a Proposed Qualified Property. After entering into a good faith non-binding letter of intent with respect to a Proposed Qualified Property and performing such underwriting and other property analysis as the Managing General Partner deems appropriate with respect thereto, the Managing General Partner or Asset Manager shall submit to the Advisor and the LXP Board any Proposed Qualified Property that the Managing General Partner recommends for acquisition by the Partnership. Upon approval of the Proposed Qualified Property by the LXP Board, the Managing General Partner shall provide or cause the Asset Manager to provide to the Advisor and the Fund GP notice of such approval, the Acquisition Memorandum described in Section 3.6(b) hereof; provided however that the Managing General Partner shall not recommend to the Fund GP the acquisition of any Proposed Qualified Property that does not satisfy or comply with the Acquisition Parameters (although the Managing General Partner, at its election, may submit such property to the Partnership for its consideration pursuant to Section 3.6(c)). The Fund GP shall have fifteen (15) Business Days after its receipt of the documents described in the preceding sentence to approve or disapprove, in its sole and absolute discretion, a Proposed Qualified Property. If the Fund GP fails to respond to the Managing General Partner's recommendation within such fifteen (15) Business Days, the Managing General Partner may send to the Fund GP and the Advisor a second notice requesting a response within ten (10) Business Days after actual receipt by the Fund GP and the Advisor. Any failure by the Fund GP to approve a Proposed Qualified Property within such ten (10) Business Day period shall be deemed to be a disapproval of such Proposed Qualified Property.
Sample 1
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Generally; Approval by the Fund. The Manager shall originate net-leased properties as candidates for acquisition by the Company or as candidates for Tranche II LSL Loans to be made by the Company to LXP LLCs in connection with the acquisition of Tranche II LSL Properties (any such property, a "Proposed Tranche II Property") and shall consult regularly with the Advisor regarding each Proposed Tranche II
Sample 1

Related to Generally; Approval by the Fund

  • Approval by the Board Notwithstanding the foregoing, the Advisor may not take any action on behalf of the Company without the prior approval of the Board or duly authorized committees thereof if the Charter or Maryland General Corporation Law require the prior approval of the Board. If the Board or a committee of the Board must approve a proposed investment, financing or disposition or chooses to do so, the Advisor will deliver to the Board or committee, as applicable, all documents required by it to evaluate such investment, financing or disposition.

  • CONTROL BY THE BOARD Any investment program undertaken by the Adviser pursuant to this Agreement, as well as any other activities undertaken by the Adviser on behalf of the Series pursuant thereto, shall at all times be subject to any directives of the Board.

  • Distribution of Offering Material By the Company The Company has not distributed and will not distribute, prior to the later of the Closing Date and the completion of the distribution of the Units, any offering material in connection with the offering and sale of the Units other than the Sale Preliminary Prospectus and the Prospectus, in each case as supplemented and amended.

  • Waiver of Notice; Approval of Meeting; Approval of Minutes The transactions of any meeting of Limited Partners, however called and noticed, and whenever held, shall be as valid as if it had occurred at a meeting duly held after regular call and notice, if a quorum is present either in person or by proxy. Attendance of a Limited Partner at a meeting shall constitute a waiver of notice of the meeting, except when the Limited Partner attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened; and except that attendance at a meeting is not a waiver of any right to disapprove the consideration of matters required to be included in the notice of the meeting, but not so included, if the disapproval is expressly made at the meeting.

  • Actions by the Board Any and all determinations or other actions required of the Board hereunder that relate specifically to Executive’s employment by the Company or the terms and conditions of such employment shall be made by the members of the Board other than Executive if Executive is a member of the Board, and Executive shall not have any right to vote or decide upon any such matter.

  • Listing Approval The Shares to be delivered on the Closing Date or any Additional Closing Date, as the case may be, shall have been approved for listing on the Exchange, subject to official notice of issuance. If (i) any of the conditions specified in this Section 5 shall not have been fulfilled when and as provided in this Agreement, or (ii) any of the opinions and certificates mentioned above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Representative and its counsel, this Agreement and all obligations of the Underwriters hereunder may be cancelled on, or at any time prior to, the Closing Date or any Additional Closing Date, as the case may be, by the Representative. Notice of such cancellation shall be given to the Company in writing or by telephone or facsimile confirmed in writing.

  • Government Approval, Regulation, etc No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or other Person is required for the due execution, delivery or performance by the Borrower of this Amendment.

  • Consents and Approval Except where expressly provided as being in the sole discretion of a Party, where agreement, approval, acceptance, consent, confirmation, notice or similar action by either Party is required under this Agreement, such action shall not be unreasonably delayed or withheld. An approval or consent given by a Party under this Agreement shall not relieve the other Party from responsibility for complying with the requirements of this Agreement, nor shall it be construed as a waiver of any rights under this Agreement, except as and to the extent otherwise expressly provided in such approval or consent.

  • Non-Renewal by the Company If the employment of the Executive should terminate by reason of (i) termination by the Company for any reason (other than Cause) or (ii) the Company’s failure to renew this Agreement, then all compensation and benefits for the Executive shall be as follows:

  • Hostile Tender Offers None of the proceeds of the sale of any Notes will be used to finance a Hostile Tender Offer.

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