Common use of Parallel Investments Generally Clause in Contracts

Parallel Investments Generally. With the unanimous consent of the Limited Partners, the General Partner may structure an investment outside the Partnership as a parallel or co-investment either directly or indirectly through any entity formed for such purpose (a “Parallel Investment Vehicle”). The specific terms applicable to each parallel investment shall be set forth in an agreement or agreements among the Partnership, the General Partner and any investors participating in such parallel investment.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Host Hotels & Resorts, Inc.), Limited Partnership Agreement (Host Hotels & Resorts L.P.), Limited Partnership Agreement (Host Hotels & Resorts, Inc.)

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Parallel Investments Generally. With the unanimous consent of the Limited PartnersPartners having an interest in a Fund, the General Partner may structure an investment outside the Partnership for such Fund as a parallel or co-investment either directly or indirectly through any entity formed for such purpose (a “Parallel Investment Vehicle”). The specific terms applicable to each parallel investment shall be set forth in an agreement or agreements among the Partnership, the General Partner and any investors participating in such parallel investment.

Appears in 4 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Host Hotels & Resorts L.P.), Limited Partnership Agreement (Host Hotels & Resorts, Inc.)

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