Common use of Majority Decisions Clause in Contracts

Majority Decisions. Notwithstanding anything to the contrary in this Agreement, no act shall be taken, sum expended, decision made or obligation incurred by the Partnership or any Subsidiary, the Administering General Partner or any of the General Partners with respect to a matter within the scope of any of the Majority Decisions except as expressly reserved as Unanimous Decisions or Administering Partner Decisions pursuant to Section 3.2 or Section 3.4, unless and until the prior written consent of at least two General Partners shall have been obtained pursuant to and in accordance with this Section 3.3 and Section 3.5. Any two of the General Partners shall have the full and complete right, power, authority and discretion to decide, and take all actions necessary to implement, any Majority Decision:

Appears in 4 contracts

Samples: Agreement (Berkshire Companies Limited Partnership), Agreement (Goldman Sachs Group Lp), Blackstone Real Estate Acquisitions Iii LLC

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