Investor Consent Procedure Sample Clauses

Investor Consent Procedure. The Manager shall seek the Investor Consents by way of the Negative Consent (as defined in the Fund Governing Documentation) process set out in the Fund Governing Documentation. The Manager shall provide notice of the Investor Consents to all Investors (other than consent to the MREC Offshore Amendment, which shall only be notified to the unitholders in MREC Offshore) in accordance with the notice provisions in the Fund Governing Documentation and notify the Investors that if a Majority (as defined in the Fund Governing Documentation) of such Investors do not object to the Investor Consents within a 30-day period the Investor Consents will be approved. The Manager shall cooperate with the Parent Parties during such period (including keeping the Parent Parties informed of progress in obtaining the Investor Consents and responding to enquires of the Parent Parties in relation to the Investor Consents) and take all commercially reasonable efforts to obtain the Investor Consents. On expiry of the 30-day consent period, the Manager shall notify the Parent Parties in writing of the outcome of each Investor Consent.