Sales of Certain Properties by WHGP and Blackstone GP. (a) In the event that the Administering General Partner does not sell the ten (10) assets as set forth in Section 3.2(a)(19) within the time period contemplated by the initial Business Plan the WHGP and Blackstone GP, acting together as if such decision were a Majority Decision, may cause the Partnership to sell (or to enter into an agreement to sell) such assets during the immediately succeeding six (6) month period to parties that are not Affiliated with either the Whitehall Group or the Blackstone Group and in which neither the Whitehall Group nor the Blackstone Group have a continuing interest, PROVIDED that such sales would satisfy the requirements of Section 3.2 (a)(19) had the Administering General Partner effected such sales.
Appears in 2 contracts
Samples: Agreement (Berkshire Companies Limited Partnership), Berkshire Realty Co Inc /De
Sales of Certain Properties by WHGP and Blackstone GP. (a) In the event that the Administering General Partner does not sell the ten (10) assets as set forth in Section 3.2(a)(19) within the time period contemplated by the initial Business Plan the WHGP and Blackstone GP, acting together as if such decision were a Majority Decision, may cause the Partnership to sell (or to enter into an agreement to sell) such assets during the immediately succeeding six (6) month period to parties that are not Affiliated with either the Whitehall Group or the Blackstone Group and in which neither the Whitehall Group nor the Blackstone Group have a continuing interest, PROVIDED provided that such sales would satisfy the requirements of Section 3.2 (a)(19) had the Administering General Partner effected such sales.
Appears in 1 contract
Samples: Agreement (Goldman Sachs Group Lp)
Sales of Certain Properties by WHGP and Blackstone GP. (a) In the event that the Administering General Partner does not sell the ten (10) assets as set forth in Section 3.2(a)(19) within the time period contemplated by the initial Business Plan the WHGP and Blackstone GP, acting together as if such decision were a Majority Decision, may cause the Partnership to sell (or to enter into an agreement to sell) such assets during the immediately succeeding six (6) month period to parties that are not Affiliated with either the Whitehall Group or the Blackstone Group and in which neither the Whitehall Group nor the Blackstone Group have a continuing interest, PROVIDED provided that such sales would satisfy the requirements of Section 3.2 (a)(193.2(a)(19) had the Administering General Partner effected such sales.
Appears in 1 contract