Common use of Restrictions on General Partner’s Authority Clause in Contracts

Restrictions on General Partner’s 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 a Majority in Interest of the Outside Limited Partners and may not (1) 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; or (2) enter into any contract, mortgage, loan or other agreement that expressly prohibits or restricts (a) the General Partner or the Partnership from performing its specific obligations under Section 8.06 hereof in full or (b) a Limited Partner from exercising its rights under Section 8.06 hereof to effect a Redemption in full, except, in either case, with the written consent of such Limited Partner affected by the prohibition or restriction.

Appears in 8 contracts

Samples: www.sec.gov, Empire State Realty OP, L.P., Empire State Realty Trust, Inc.

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Restrictions on General Partner’s 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 a Majority in Interest of the Outside Limited Partners and may not (1) 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; or (2) enter into any contract, mortgage, loan or other agreement that expressly prohibits or restricts (a) the Parent, the General Partner or the Partnership from performing its specific obligations under Section 8.06 hereof in full or (b) a Limited Partner from exercising its rights under Section 8.06 hereof to effect a Redemption in full, except, in either case, with the written consent of such Limited Partner affected by the prohibition or restriction.

Appears in 3 contracts

Samples: Trade Street Residential, Inc., Trade Street Residential, Inc., Trade Street Residential, Inc.

Restrictions on General Partner’s Authority. (a) 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 a Majority in Interest of the Outside Limited Partners or, to the extent there are no Outside Limited Partners, a majority in Interest of the Limited Partners, and may not (1) 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; or (2) enter into any contract, mortgage, loan or other agreement that expressly prohibits or restricts (a) restricts, or has the General Partner effect of prohibiting or restricting, the Partnership from performing its specific obligations under Section 8.06 hereof in full or (b) ability of a Limited Partner from exercising to exercise its rights under Section 8.06 hereof to effect a Redemption in full, except, except in either case, each case with the written consent of such Limited Partner affected by the prohibition or restrictionPartner.

Appears in 2 contracts

Samples: Management and Operations (Invesco Mortgage Capital Inc.), Invesco Agency Securities Inc.

Restrictions on General Partner’s 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 a Majority in Interest of the Outside Limited Partners and may not (1i) 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; or (2ii) enter into any contract, mortgage, loan or other agreement that expressly prohibits or restricts (aA) the General Partner or the Partnership from performing its specific obligations under Section 8.06 hereof in full or (bB) a Limited Partner from exercising its rights under Section 8.06 hereof to effect a Redemption in full, except, in either case, with the written consent of such a Majority in Interest of the Outside Limited Partner affected by the prohibition or restrictionPartners.

Appears in 2 contracts

Samples: Hannon Armstrong Sustainable Infrastructure Capital, Inc., Hannon Armstrong Sustainable Infrastructure Capital, Inc.

Restrictions on General Partner’s Authority. (a) The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without with respect to which the written consent of a Majority in Interest of the Outside Limited Partners is required pursuant to this Agreement without such written consent and may not (1) 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; or (2) enter into any contract, mortgage, loan or other agreement that expressly prohibits or restricts (a) the Parent, the General Partner or the Partnership from performing its specific obligations under Section 8.06 hereof in full or (b) a Limited Partner from exercising its rights under Section 8.06 hereof to effect a Redemption in full, except, in either case, with the written consent of such Limited Partner affected by the prohibition or restriction.

Appears in 2 contracts

Samples: Gladstone Commercial Corp, GLADSTONE LAND Corp

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Restrictions on General Partner’s Authority. (a) The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without with respect to which the written consent of a Majority in Interest of the Outside Limited Partners is required pursuant to this Agreement without such written consent and may not (1) 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; or (2) enter into any contract, mortgage, loan or other agreement that that, in the absence of a default under such document, expressly prohibits or restricts (a) the Parent, the General Partner or the Partnership from performing its specific obligations under Section 8.06 hereof in full or (b) a Limited Partner from exercising its rights under Section 8.06 hereof to effect a Redemption in fullRedemption, except, in either case, with the written consent of such Limited Partner affected by the prohibition or restriction.

Appears in 1 contract

Samples: Ryman Hospitality Properties, Inc.

Restrictions on General Partner’s 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 a Majority in Interest of the Outside Limited Partners or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement and may not (1) 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; or (2) enter into any contract, mortgage, loan or other agreement that expressly prohibits or restricts (aA) the General Partner or the Partnership from performing its specific obligations under Section 8.06 hereof 8.6 in full or (bB) a Limited Partner from exercising its rights under Section 8.06 hereof 8.6 to effect a Redemption in full, except, in either case, with the written consent of such Limited Partner affected by the prohibition or restriction.

Appears in 1 contract

Samples: Rayonier, L.P.

Restrictions on General Partner’s 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 a Majority in Interest of the Outside Limited Partners and may not (1i) 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; or (2ii) enter into any contract, mortgage, loan or other agreement that expressly prohibits or restricts (aA) the General Partner Parent or the Partnership from performing its specific obligations under Section 8.06 hereof in full or (bB) a Limited Partner from exercising its rights under Section 8.06 hereof to effect a Redemption in full, except, in either case, with the written consent of such a Majority in Interest of the Outside Limited Partner affected by the prohibition or restrictionPartners.

Appears in 1 contract

Samples: Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)

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