Common use of Restrictions on General Partner Authority Clause in Contracts

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 of Limited Partners holding 75% or more of the Percentage Interests of the Limited Partners (including Limited Partner Interests held by the Gables Trust and the General Partner, but not including any interest on account of the Preferred Units) (or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement). B. Except as provided in Article 13 hereof, 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 Limited Partners holding 75% or more of the Percentage Interests of the Limited Partners (including Limited Partnership Interests held by the Gables Trust and the General Partner, but not including any interest on account of the Preferred Units) .

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 of Limited Partners holding 75% or more of the Percentage Interests of the Limited Partners (including Limited Partner Interests held by the Gables Trust and the General Partner, but not including any interest on account of the Preferred Units) (or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement). B. Except as provided in Article 13 hereof, 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 Limited Partners holding 75% or more of the Percentage Interests of the Limited Partners (including Limited Partnership Interests held by the Gables Trust and the General Partner, but not including any interest on account of the Preferred Units) ).

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 of Limited Partners holding 7566-2/3% or more of the Percentage Interests of the Limited Partners (including excluding Limited Partner Interests held by the Gables Trust and the General Partner, but not including any interest on account of the Preferred Units) (or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement). B. Except as provided in Article 13 hereof, the General Partner may not sell, exchange, transfer or otherwise dispose of all or substantially all of the Partnership's ’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 Limited Partners holding 75% or more of the Percentage Interests of the Limited Partners (including Limited Partnership Interests held by the Gables Trust and the General Partner, but not including any interest on account of the Preferred Units) ).