Limitation on General Partner’s Authority. Notwithstanding anything to the contrary contained in this Agreement, the General Partner shall not, without the consent of all of the other Partners, (a) take any action in contravention of this Agreement or its amendments; (b) take any action that would make it impossible to carry on the purposes of the Partnership, except the sale or other disposition of Partnership interests or properties; (c) confess a judgment against the Partnership; or (d) amend this Agreement.
Appears in 3 contracts
Samples: Master Upreit Formation Agreement (American Housing Income Trust, Inc.), Master Upreit Formation Agreement (American Housing Income Trust, Inc.), Master Upreit Formation Agreement (American Housing Income Trust, Inc.)
Limitation on General Partner’s Authority. Notwithstanding anything to the contrary contained in this Agreement, the General Partner shall not, without the consent of all of the other Partners,
(a) take any action in contravention of this Agreement or its amendments;
(b) take any action that would make it impossible to carry on the purposes of the Partnership, except the sale or other disposition of Partnership interests Interests or properties;
(c) confess a judgment against the Partnership; or
(d) amend this Agreement.
Appears in 1 contract
Samples: Limited Liability Partnership Agreement (American Housing Income Trust, Inc.)
Limitation on General Partner’s Authority. Notwithstanding anything to the contrary contained in this Agreement, the General Partner shall not, without the consent of all of the other Partners,:
(a) take any action in contravention of this Agreement Agreement, or its amendments;
(b) take any action that would make it impossible to carry on the purposes of the Partnership, except the sale or other disposition of Partnership interests or properties;
(c) confess a judgment against the Partnership; or
(d) amend this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement
