Restrictions on Authority. Without the consent of holders of a majority of the outstanding Partnership Units held by the Special Limited Partners, the General Partner may not consent to the Partnership participating in any merger, consolidation or other combination with or into another Person or sale of all or substantially all of its assets.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Lexington Realty Trust), Lepercq Corporate Income Fund L P, Lexington Realty Trust
Restrictions on Authority. Without the consent of the holders of a majority of the outstanding Partnership Units held by the Special Limited Partners, the General Partner may not consent to the Partnership participating in any merger, consolidation or other combination with or into another Person or sale of all or substantially all of its assets; provided, however, that, following the In-Kind Redemption, the General Partner may cause the Partnership to participate in any merger, consolidation or other combination with or into another Person or sale of all or substantially all of its assets without any further act, vote or approval of any Limited Partner or other Person.
Appears in 1 contract
Samples: Agreement (Lexington Realty Trust)
Restrictions on Authority. Without Subject to Section 8.4(C), after the Effective Date, without the consent of holders of a majority of the outstanding Partnership Units held by the Special Limited Partners, the General Partner may not consent to the Partnership participating in any merger, consolidation or other combination with or into another Person or sale of all or substantially all of its assets.
Appears in 1 contract
Samples: Lexington Corporate Properties Trust
