Transactions with Certain Affiliates. Except (i) as expressly permitted by this Agreement (other than Section 7.01.A hereof which shall not be considered authority for a transaction that otherwise would be prohibited by this Section 7.06.A) and (ii) all transactions with XX Xxxxx or its Affiliates contemplated by the General Partner’s initial public offering, the Partnership shall not, directly or indirectly, sell, transfer or convey any property to, or purchase any property from, or borrow funds from, or lend funds to, any Partner or any Affiliate of the Partnership or the General Partner or the General Partner Entity that is not also a Subsidiary of the Partnership, except pursuant to transactions that are on terms that are fair and reasonable and no less favorable to the Partnership than would be obtained from an unaffiliated third party.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Gramercy Capital Corp), Limited Partnership Agreement (Gramercy Capital Corp), Limited Partnership Agreement (Gramercy Capital Corp)
Transactions with Certain Affiliates. Except (i) as expressly permitted by this Agreement (other than Section 7.01.A 7.1.A hereof which shall not be considered authority for a transaction that otherwise would be prohibited by this Section 7.06.A) and (ii) all transactions with XX Xxxxx or its Affiliates contemplated by the General Partner’s initial public offering7.6.A), the Partnership shall not, directly or indirectly, sell, transfer or convey any property to, or purchase any property from, or borrow funds from, or lend funds to, any Partner or any Affiliate of the Partnership or the General Partner or the General Partner Entity that is not also a Subsidiary of the Partnership, except pursuant to transactions that are on terms that are fair and reasonable and no less favorable to the Partnership than would be obtained from an unaffiliated third party.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Sl Green Realty Corp), Agreement of Limited Partnership (Sl Green Realty Corp), Agreement of Limited Partnership (Sl Green Realty Corp)
Transactions with Certain Affiliates. Except (i) as expressly permitted by this Agreement (other than Section 7.01.A hereof which shall not be considered authority for a transaction that otherwise would be prohibited by this Section 7.06.A) and (ii) all transactions with XX Xxxxx or its Affiliates contemplated by the General Partner’s initial public offering), the Partnership shall not, directly or indirectly, sell, transfer or convey any property to, or purchase any property from, or borrow funds from, or lend funds to, any Partner or any Affiliate of the Partnership or the General Partner or the General Partner Entity that is not also a Subsidiary of the Partnership, except pursuant to transactions that are on terms that are fair and reasonable and no less favorable to the Partnership than would be obtained from an unaffiliated third party.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Gramercy Property Trust), Agreement of Limited Partnership (Gramercy Property Trust Inc.)
Transactions with Certain Affiliates. Except (i) as expressly permitted by this Agreement (other than Section 7.01.A hereof which shall not be considered authority for a transaction that otherwise would be prohibited by this Section 7.06.A) and (ii) all transactions with XX Xxxxx or its Affiliates contemplated by the General Partner’s 's initial public offering, the Partnership shall not, directly or indirectly, sell, transfer or convey any property to, or purchase any property from, or borrow funds from, or lend funds to, any Partner or any Affiliate of the Partnership or the General Partner or the General Partner Entity that is not also a Subsidiary of the Partnership, except pursuant to transactions that are on terms that are fair and reasonable and no less favorable to the Partnership than would be obtained from an unaffiliated third party.
Appears in 1 contract
Samples: Limited Partnership Agreement (Gramercy Capital Corp)
Transactions with Certain Affiliates. Except (i) as expressly permitted by this Agreement (other than Section 7.01.A hereof which shall not be considered authority for a transaction that otherwise would be prohibited by this Section 7.06.A) and (ii) all transactions with XX Xxxxx LXP or its Affiliates contemplated by the General PartnerLSAC’s initial public private offering, the Partnership shall not, directly or indirectly, sell, transfer or convey any property to, or purchase any property from, or borrow funds from, or lend funds to, any Partner or any Affiliate of the Partnership or the General Partner or the General Partner Entity LSAC that is not also a Subsidiary of the Partnership, except pursuant to transactions that are on terms that are fair and reasonable and no less favorable to the Partnership than would be obtained from an unaffiliated third party.
Appears in 1 contract
Samples: Limited Partnership Agreement (Lexington Strategic Asset Corp)
Transactions with Certain Affiliates. Except (i) as expressly permitted by this Agreement (other than Section 7.01.A hereof 7.1.A hereof, which shall not be considered authority for a transaction that otherwise would be prohibited by this Section 7.06.A) and (ii) all transactions with XX Xxxxx or its Affiliates contemplated by the General Partner’s initial public offering7.6.A), the Partnership shall not, directly or indirectly, sell, transfer or convey any property to, or purchase any property from, or borrow funds from, or lend funds to, any Partner or any Affiliate of the Partnership or the General Partner or the General Partner Entity that is not also a Subsidiary of the Partnership, except pursuant to transactions that are on terms that are fair and reasonable and no less favorable to the Partnership than would be obtained from an unaffiliated third party.
Appears in 1 contract
Transactions with Certain Affiliates. Except (i) as expressly permitted by this Agreement (other than Section 7.01.A hereof which shall not be considered authority for a transaction that otherwise would be prohibited by this Section 7.06.A) and (ii) all transactions with XX SX Xxxxx or its Affiliates contemplated by the General Partner’s initial public offering, the Partnership shall not, directly or indirectly, sell, transfer or convey any property to, or purchase any property from, or borrow funds from, or lend funds to, any Partner or any Affiliate of the Partnership or the General Partner or the General Partner Entity that is not also a Subsidiary of the Partnership, except pursuant to transactions that are on terms that are fair and reasonable and no less favorable to the Partnership than would be obtained from an unaffiliated third party.
Appears in 1 contract
Samples: Limited Partnership Agreement (Gramercy Property Trust Inc.)