LIMITATIONS ON THE AUTHORITY OF THE MANAGER. Notwithstanding the powers given to the Manager pursuant to Section 6.1 above, the Manager shall not: (i) Without the prior consent of the Venturers and the consent of a majority in interest of the limited partners of TMEDP II (as defined in the Memorandum) other than the Special Limited Partner, cause the Venture to sell all or substantially all of its assets; (ii) Without the prior consent of the Venturers, cause the Venture to incur any indebtedness except as permitted in Section 6.3 below.
Appears in 2 contracts
Samples: Joint Venture Agreement (InSight Imaging Services Corp.), Joint Venture Agreement (InSight Imaging Services Corp.)
LIMITATIONS ON THE AUTHORITY OF THE MANAGER. Notwithstanding the powers given to the Manager pursuant to Section 6.1 above, the Manager shall not:
(i) Without the prior consent of the Venturers and the consent of a majority in interest of the limited partners of TMEDP II TME III (as defined in the Memorandum) other than the Special Limited Partner, cause the Venture to sell all or substantially all of its assets;
(ii) Without the prior consent of the Venturers, cause the Venture to incur any indebtedness except as permitted in Section 6.3 below.
Appears in 1 contract
Samples: Joint Venture Agreement (InSight Imaging Services Corp.)
LIMITATIONS ON THE AUTHORITY OF THE MANAGER. Notwithstanding the powers given to the Manager pursuant to Section 6.1 above, the Manager shall not:
(i) Without the prior consent of the Venturers and the consent of a majority in interest of the limited partners of TMEDP II TME III (as defined in the Memorandum) other than the Special Limited Partner, cause the Venture to sell all or substantially all of its assets;
(ii) Without without the prior consent of the Venturers, cause the Venture to incur any indebtedness except as permitted in Section 6.3 below.
Appears in 1 contract
Samples: Joint Venture Agreement (InSight Imaging Services Corp.)
LIMITATIONS ON THE AUTHORITY OF THE MANAGER. Notwithstanding the powers power given to the Manager pursuant to Section 6.1 above, the Manager shall not:
(i) Without the prior consent of the Venturers and the consent of a majority in interest of the limited partners of TMEDP II TME III (as defined in the Memorandum) other than the Special Limited Partner, cause the Venture to sell all or substantially all of its assets;
(ii) Without the prior consent of the Venturers, cause the Venture to incur any indebtedness except as permitted in Section 6.3 below.
Appears in 1 contract
Samples: Joint Venture Agreement (InSight Imaging Services Corp.)
LIMITATIONS ON THE AUTHORITY OF THE MANAGER. Notwithstanding the powers given to the Manager pursuant to Section 6.1 above, the Manager shall not:: (
(i) Without the prior consent of the Venturers and the consent of a majority in interest of the limited partners of TMEDP II TME III (as defined in the Memorandum) other than the Special Limited Partner, cause the Venture to sell all or substantially all of its assets;
; (ii) Without without the prior consent of the Venturers, cause the Venture to incur any indebtedness except as permitted in Section 6.3 below.6.3
Appears in 1 contract
Samples: Joint Venture Agreement
