Common use of Mergers, Consolidations and Exchange of Interests Clause in Contracts

Mergers, Consolidations and Exchange of Interests. The Partnership may agree to enter into a written agreement of merger, consolidation, conversion or interest exchange with one or more domestic or foreign limited partnerships or any other entity (as may be necessary) upon approval of such agreement by the General Partner, provided, that such agreement is also approved by the Board of Directors. The written agreement may contain such terms concerning rights of dissenting partners, appraisal rights and other matters concerning the transaction as the General Partner may deem necessary or desirable. Table of Contents Notwithstanding the foregoing, no such merger, consolidation, conversion or interest exchange may occur if not expressly permitted by the laws of the state governing any other entity that proposes to enter into such transaction with the Partnership.

Mergers, Consolidations and Exchange of Interests. The Partnership may agree to enter into a written agreement of merger, consolidation, conversion or interest exchange with one or more domestic or foreign limited partnerships or any other entity (as may be necessary) upon approval of such agreement by the General Partner, provided, that such agreement is also approved by the Board of Directors. The written agreement may contain such terms concerning rights of dissenting partners, appraisal rights and other matters concerning the transaction as the General Partner may deem necessary or desirable. Table of Contents Notwithstanding the foregoing, no such merger, consolidation, conversion or interest exchange may occur if not expressly permitted by the laws of the state governing any other entity that proposes to enter into such transaction with the Partnership.