Common use of Waiver of Rights by the Limited Partners Clause in Contracts

Waiver of Rights by the Limited Partners. To the fullest extent permitted by law, subject to Sections 3.7(b) and (c) and subject to compliance with the agreements referenced in Section 2.10, each of the Limited Partners hereby (a) waives any rights it may have to (i) consent to, (ii) request statutory appraisal rights with respect to or (iii) otherwise approve, any merger, combination, sale of Partnership Assets, cross-collateralized financing or refinancing or other similar transaction with respect to the Partnership and (b) releases each Partner of the Whitehall Group, the Berkshire Group and the Blackstone Group from any claims that the Limited Partners might have had with respect to such rights had they not been waived (it being understood and agreed that such waivers shall not constitute a waiver of fiduciary duties owed to the Limited Partners).

Waiver of Rights by the Limited Partners. To the fullest extent permitted by law, subject to Sections 3.7(b) and (c) and subject to compliance with the agreements referenced in Section 2.10, each of the Limited Partners hereby (a) waives any rights it may have to (i) consent to, (ii) request statutory appraisal rights with respect to or (iii) otherwise approve, any merger, combination, sale of Partnership Assets, cross-cross- collateralized financing or refinancing or other similar transaction with respect to the Partnership and (b) releases each Partner of the Whitehall Group, the Berkshire Group and the Blackstone Group from any claims that the Limited Partners might have had with respect to such rights had they not been waived (it being understood and agreed that such waivers shall not constitute a waiver of fiduciary duties owed to the Limited Partners).