Common use of Unanimous Decisions Clause in Contracts

Unanimous Decisions. Notwithstanding anything to the contrary in this Agreement, no act shall be taken, sum expended, decision made or obligation incurred by the Partnership, the Administering General Partner or any of the General Partners with respect to a matter within the scope of any of the Unanimous Decisions, unless and until the prior written consent of all of the General Partners shall have been obtained pursuant to and in accordance with this Section 3.4 and Section 3.5. The General Partners, acting unanimously, shall have the full and complete right, power, authority and discretion to decide, and take all actions necessary to implement, any Unanimous Decision. The "Unanimous Decisions" are:

Appears in 3 contracts

Samples: Agreement (Goldman Sachs Group Lp), Agreement (Berkshire Companies Limited Partnership), Blackstone Real Estate Acquisitions Iii LLC

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Unanimous Decisions. Notwithstanding anything to the contrary in this Agreement, no act shall be taken, sum expended, decision made or obligation incurred by the Partnership, the Administering General Partner or any of the General Partners with respect to a matter within the scope of any of the Unanimous Decisions, unless and until the prior written consent of all ALL of the General Partners shall have been obtained pursuant to and in accordance with this Section 3.4 and Section 3.5. The General Partners, acting unanimously, shall have the full and complete right, power, authority and discretion to decide, and take all actions necessary to implement, any Unanimous Decision. The "Unanimous DecisionsUNANIMOUS DECISIONS" are:

Appears in 1 contract

Samples: Berkshire Realty Co Inc /De

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