Common use of Other Activities of the Partners Clause in Contracts

Other Activities of the Partners. (a) So long as Xxxxxxx Xxxxx or Xxxxxx Xxxxx shall be the chief executive officer of the Partnership, or BGP or another Affiliate of Xxxxxxx Xxxxx or Xxxxxx Xxxxx is the Administering General Partner (the "Restricted Period"), Berkshire and BGP shall comply, and shall cause the Berkshire Principals and their respective Affiliates (including, without limitation, (i) any immediate family members of the Berkshire Principals or trusts established for the benefit of such family members of the Berkshire Principals and (ii) any public or private partnership or other entities (other than BRI) in which any Berkshire Principals or any of their Affiliates owns, directly or indirectly, a general partner interest or an economic interest (as limited partner, member or stockholder) of 50% or more (the "Xxxxx Affiliated Entities")) (any of the foregoing, a "Covered Person") to comply with the provisions of this Section 4.2. Berkshire and BGP acknowledge that this covenant is a material inducement to Whitehall, WHGP, Blackstone LP and Blackstone GP entering into this Agreement and that a material breach of this covenant that is not cured after written notice and a reasonable period to cure shall constitute a material breach of this Agreement entitling such Partners to exercise all remedies available to them at law or in equity. Berkshire and BGP represent that all of the Xxxxx Affiliated Entities are identified on Schedule 4.2(b).

Appears in 2 contracts

Samples: Agreement (Goldman Sachs Group Lp), Agreement (Berkshire Companies Limited Partnership)

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Other Activities of the Partners. (a) So long as Xxxxxxx Xxxxx Douglas Krupp or Xxxxxx Xxxxx George Krupp shall be the chief executive officer bx xxx xxxxx xxecuxxxx xxxxxxx of the Partnership, or BGP or another Affiliate of Xxxxxxx Xxxxx Douglas Krupp or Xxxxxx Xxxxx George Krupp is the Administering General Partner Xxxxxxxxxxxxx Genxxxx Xxxxxxx (the "Restricted Period"), Berkshire and BGP shall comply, and shall cause the Berkshire Principals and their respective Affiliates (including, without limitation, (i) any immediate family members of the Berkshire Principals or trusts established for the benefit of such family members of the Berkshire Principals and (ii) any public or private partnership or other entities (other than BRI) in which any Berkshire Principals or any of their Affiliates owns, directly or indirectly, a general partner interest or an economic interest (as limited partner, member or stockholder) of 50% or more (the "Xxxxx Krupp Affiliated Entities")) (any of the foregoingxxx xoregoing, a "Covered Person") to comply with the provisions of this Section 4.2. Berkshire and BGP acknowledge that this covenant is a material inducement to Whitehall, WHGP, Blackstone LP and Blackstone GP entering into this Agreement and that a material breach of this covenant that is not cured after written notice and a reasonable period to cure shall constitute a material breach of this Agreement entitling such Partners to exercise all remedies available to them at law or in equity. Berkshire and BGP represent that all of the Xxxxx Krupp Affiliated Entities are identified on identifxxx xn Schedule 4.2(b).

Appears in 1 contract

Samples: Blackstone Real Estate Acquisitions Iii LLC

Other Activities of the Partners. (a) So long as Xxxxxxx Xxxxx or Xxxxxx Xxxxx shall be the chief executive officer of the Partnership, or BGP or another Affiliate of Xxxxxxx Xxxxx or Xxxxxx Xxxxx is the Administering General Partner (the "Restricted PeriodRESTRICTED PERIOD"), Berkshire and BGP shall comply, and shall cause the Berkshire Principals and their respective Affiliates (including, without limitation, (i) any immediate family members of the Berkshire Principals or trusts established for the benefit of such family members of the Berkshire Principals and (ii) any public or private partnership or other entities (other than BRI) in which any Berkshire Principals or any of their Affiliates owns, directly or indirectly, a general partner interest or an economic interest (as limited partner, member or stockholder) of 50% or more (the "Xxxxx Affiliated EntitiesXXXXX AFFILIATED ENTITIES")) (any of the foregoing, a "Covered PersonCOVERED PERSON") to comply with the provisions of this Section 4.2. Berkshire and BGP acknowledge that this covenant is a material inducement to Whitehall, WHGP, Blackstone LP and Blackstone GP entering into this Agreement and that a material breach of this covenant that is not cured after written notice and a reasonable period to cure shall constitute a material breach of this Agreement entitling such Partners to exercise all remedies available to them at law or in equity. Berkshire and BGP represent that all of the Xxxxx Affiliated Entities are identified on Schedule 4.2(bSCHEDULE 4.2(B).

Appears in 1 contract

Samples: Berkshire Realty Co Inc /De

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Other Activities of the Partners. (a) So long as Xxxxxxx Xxxxx or Xxxxxx Xxxxx shall be the chief executive officer of the Partnership, or BGP or another Affiliate of Xxxxxxx Xxxxx or Xxxxxx Xxxxx is the Administering General Partner (the "Restricted PeriodRESTRICTED PERIOD"), Berkshire and BGP shall comply, and shall cause the Berkshire Principals and their respective Affiliates (including, without limitation, (i) any immediate family members of the Berkshire Principals or trusts established for the benefit of such family members of the Berkshire Principals and (ii) any public or private partnership or other entities (other than BRI) in which any Berkshire Principals or any of their Affiliates owns, directly or indirectly, a general partner interest or an economic interest (as limited partner, member or stockholder) of 50% or more (the "Xxxxx Affiliated EntitiesXXXXX AFFILIATED ENTITIES")) (any of the foregoing, a "Covered PersonCOVERED PERSON") to comply with the provisions of this Section 4.2letter agreement. Berkshire and BGP acknowledge that this covenant is a material inducement to Whitehall, WHGP, Blackstone LP GP and Blackstone GP the Special Limited Partner entering into this the Limited Partnership Agreement and that a material breach of this covenant that is not cured after written notice and a reasonable period to cure shall constitute a material breach of this the Limited Partnership Agreement entitling such Partners to exercise all remedies available to them at law or in equity. Berkshire and BGP represent that all of the Xxxxx Affiliated Entities are identified on Schedule SCHEDULE 4.2(b)) to the Limited Partnership Agreement.

Appears in 1 contract

Samples: Berkshire Income Realty Inc

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