Common use of Restrictions on General Partner Authority Clause in Contracts

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 19 contracts

Samples: Limited Partnership Agreement (Vinebrook Homes Trust, Inc.), Limited Partnership Agreement (Nexpoint Diversified Real Estate Trust), Limited Partnership Agreement (Vinebrook Homes Trust, Inc.)

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Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests held by of the Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 17 contracts

Samples: Limited Partnership Agreement (Angel Oak Mortgage, Inc.), Agreement of Limited Partnership (NetSTREIT Corp.), Agreement of Limited Partnership (NetSTREIT Corp.)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of a Majority in Interest of the Outside Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this AgreementAgreement and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any other liability except as provided herein or under the Act.

Appears in 11 contracts

Samples: Limited Partnership Agreement (Curbline Properties Corp.), Limited Partnership Agreement (Curbline Properties Corp.), Limited Partnership Agreement (Lamar Media Corp/De)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority Two Thirds Majority (other than the General Partner or any Subsidiary of the Percentage Interests held by Limited PartnersGeneral Partner), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement, and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any liability not contemplated herein or under the Act except with the written consent of such Limited Partner.

Appears in 10 contracts

Samples: Limited Partnership Agreement (Medalist Diversified REIT, Inc.), Limited Partnership Agreement (Medalist Diversified REIT, Inc.), Agreement of Limited Partnership (CapRocq Core REIT, Inc.)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited (i) all Partners holding a majority of the Percentage Interests held by Limited Partners, adversely affected or (ii) such other lower percentage of the Limited Partners Partnership Interests as may be specifically provided for under a provision of this AgreementAgreement or the Act.

Appears in 8 contracts

Samples: Limited Partnership Agreement (JBG SMITH Properties), Limited Partnership Agreement, Limited Partnership Agreement (JBG SMITH Properties)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of a Majority in Interest of the Outside Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this AgreementAgreement and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any other liability except as provided herein or under the Act without the prior written Consent of such Limited Partner.

Appears in 4 contracts

Samples: Limited Partnership Agreement (American Farmland Co), Limited Partnership Agreement (American Farmland Co), Limited Partnership Agreement (Easterly Government Properties, Inc.)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including Limited Partner Interests held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Loeb Realty Corp), Limited Partnership Agreement (Beacon Capital Partners Inc), Limited Partnership Agreement (Cornerstone Properties Inc)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority Consent of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 3 contracts

Samples: Limited Partnership Agreement (STAG Industrial, Inc.), Agreement of Limited Partnership (STAG Industrial, Inc.), Agreement of Limited Partnership (STAG Industrial, Inc.)

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage all of the Limited Partners. B. The General Partner may not sell, exchange, transfer or otherwise dispose of all or substantially all of the Partnership's assets in a single transaction or a series of related transactions (including by way of merger, consolidation or other combination with any other Person) without the Consent of Partners as may be specifically provided for under a provision holding 50% or more of this Agreementthe Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Fac Realty Inc), Limited Partnership Agreement (Boddie Noell Properties Inc)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests Common Units of the Limited Partners (including Limited Partner Common Units held by the General Partner and the Initial Limited PartnersPartner), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (CNL Income Mesa Del Sol, LLC), Limited Partnership Agreement (CNL Hospitality Properties Inc)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Capital Percentage Interests of the Limited Partners (including Limited Partner Interests held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Beacon Capital Partners Inc)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including the Percentage Interests held by Limited PartnersSTT), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Strategic Timber Trust Inc)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of a Majority in Interest of the Outside Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.Agreement and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any other liability except as provided herein or under the Act. ACTIVE/104666890.9

Appears in 1 contract

Samples: Limited Partnership Agreement (Paramount Group, Inc.)

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Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including Limited Partnership Interests held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Monarch Properties Inc)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority Majority in Interest (other than the General Partner or any Subsidiary of the Percentage Interests held by Limited PartnersGeneral Partner), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement, and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any liability not contemplated herein or under the Act except with the written consent of such Limited Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (US Federal Properties Trust Inc.)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited (i) all Partners holding a majority of the Percentage Interests held by Limited Partners, adversely affected or (ii) such other lower percentage of the Limited Partners Partnership Interests as may be specifically provided for under a provision of this Agreement.Agreement or the Act. Section 7.4

Appears in 1 contract

Samples: Limited Partnership Agreement (JBG SMITH Properties)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority Majority-In-Interest of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Sabra Ohio, LLC)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority eighty-five percent (85%) of the Percentage Interests outstanding Common Units of the Limited Partners (excluding Limited Partner Common Units held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (LNR Capital CORP)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage all of the Limited Partners as may be specifically provided for under a provision of this AgreementPartners.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Fac Realty Trust Inc)

Restrictions on General Partner Authority. The General ----------------------------------------- Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including Limited Partner Interests held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Maryland Property Capital Trust Inc)

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