Specific General Partner Approvals Sample Clauses

Specific General Partner Approvals. In addition to the General Partner’s general authority authorized by the Act, the General Partner is specifically authorized to make the following decisions and the General Partner’s approval will be specifically required with respect to the following, if such matters have not already been provided for in a then current Annual Plan or otherwise delegated to the Intrawest Managers pursuant to the Management Agreements: (a) incurring in any Fiscal Year an aggregate of non-capital expenditures with respect to all of the US Commercial Properties up to One Hundred Thousand Dollars ($100,000) over the aggregate amounts budgeted for all non-capital expenditures with respect to all of the US Commercial Properties in the then current Annual Plans; (b) with respect to the Partnership, any SPE Owner, or the US Commercial Properties, approval of any borrowing from third parties and any subsequent modification; provided such borrowings are in compliance with financing guidelines that have been unanimously approved by the Partners pursuant to Section 5.4(h); (c) removal of the Intrawest Manager at any US Resort where a Management Agreement has been terminated and the selection of the replacement property manager and leasing agent in such event; (d) upon any fraud or willful misconduct by an Intrawest Manager at any US Resort, removal of the Intrawest Manager and the selection of the replacement property manager and leasing agent in such event; (e) commencing or defending litigation with respect to the Partnership, any SPE Owner or the US Commercial Properties that may involve amounts no greater than Five Hundred Thousand Dollars ($500,000), and the engagement of counsel and other professionals in connection therewith; CNL VILLAGE RETAIL PARTNERSHIP, LP 55 (f) as more particularly set forth in Section 4.3(b), making calls for Additional Capital Contributions that are expressly required to be made by the Partners pursuant to Section 4.3(a); (g) voluntary bankruptcy filings or cooperation with any involuntary filing if such filing is reasonably necessary to protect the interest of the Partnership, the SPE Owners and the US Commercial Properties; (h) in any Fiscal Year, conducting any minor alterations and/or renovations of the US Commercial Properties so long as the aggregate cost of all such alterations and/or renovations with respect to all of the US Commercial Properties does not exceed the amounts budgeted for all alterations and renovations at all of the US Commercial...