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

Appears in 4 contracts

Samples: Partnership Agreement (Goldman Sachs Group Lp), Limited Partnership Agreement (Blackstone Real Estate Acquisitions Iii LLC), Limited Partnership Agreement (Berkshire Realty Co Inc /De)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!