Common use of Waiver of Rights; Consents with Respect to Partnership Interests Clause in Contracts

Waiver of Rights; Consents with Respect to Partnership Interests. (a) The Contributor acknowledges that the agreements contained herein and the transactions contemplated hereby and any actions taken in contemplation of the transactions contemplated hereby (including the declaration of any dividend or distribution in the form of an additional interest in the Partnership) may conflict with, and may not have been contemplated by, the Partnership Agreement or another agreement among one or more holders of interests in the Partnership or one or more of the partners of the partnership. (b) The Contributor expressly gives all Consents (and any consent necessary to authorize the proper parties in interest to give all Consents) and Waivers necessary or desirable to facilitate any Conveyance Action relating to the Partnership (as such terms are defined below). (c) The Contributor further agrees that the Contributor will take no action to enjoin, or seek damages resulting from, any Conveyance Action by any holder of a direct or indirect interest in the Partnership. (d) The Waivers and Consent contained in this Section 6.9 shall terminate upon the termination of this Agreement, except as to transactions completed hereunder prior to termination. (i) As used herein, the term "CONVEYANCE ACTION" means, with respect to the Partnership,

Appears in 2 contracts

Samples: Contribution Agreement (Tower Realty Trust Inc), Contribution Agreement (Tower Realty Trust Inc)

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Waiver of Rights; Consents with Respect to Partnership Interests. (a) The Contributor Seller acknowledges that the agreements contained herein and the transactions contemplated hereby and any actions taken in contemplation of the transactions contemplated hereby (including the declaration of any dividend or distribution in the form of an additional interest in the Partnershipany LLC) may conflict with, and may not have been contemplated by, the Partnership any LLC Agreement or another agreement among one or more holders of interests in the Partnership any LLC or one or more of the partners members of the partnershipany such LLC. (b) The Contributor Seller expressly gives all Consents (and any consent necessary to authorize the proper parties in interest to give all Consents) and Waivers necessary or desirable to facilitate any Conveyance Action relating to the Partnership LLC (as such terms are defined below). (c) The Contributor Seller further agrees that the Contributor Seller will take no action to enjoin, or seek damages resulting from, any Conveyance Action by any holder of a direct or indirect interest in the Partnershipany LLC. (d) The Waivers and Consent contained in this Section 6.9 shall terminate upon the termination of this Purchase Agreement, except as to transactions completed hereunder prior to termination. (i) As used herein, the term "CONVEYANCE ACTION" means, with respect to the Partnershipany LLC,

Appears in 2 contracts

Samples: Purchase Agreement (Tower Realty Trust Inc), Purchase Agreement (Tower Realty Trust Inc)

Waiver of Rights; Consents with Respect to Partnership Interests. From and after the Closing Date, (a) The Contributor acknowledges that the agreements contained herein and the transactions contemplated hereby and any actions taken in contemplation of the transactions contemplated hereby (including the declaration of any dividend or distribution in the form of an additional interest in the PartnershipProperty Interests) may conflict with, with and may not have been contemplated by, by the Partnership Agreement or another agreement among one or more holders of interests in the Partnership or one or more of the partners of the partnershipPartnership. (b) The With respect to the Partnership, Contributor expressly gives all Consents (and any consent necessary to authorize the proper parties in interest to give all such Consents) and Waivers necessary or desirable to facilitate any Conveyance Action relating to the Partnership such partnership (as such terms are defined below). (c) The Contributor further agrees that the Contributor it will take no action to enjoin, or seek damages resulting from, any Conveyance Action by any holder of a direct or indirect interest in the Partnership. (d) The Waivers and Consent contained in this Section 6.9 5.9 shall terminate upon the termination of this Agreement, except as to transactions completed hereunder prior to termination. (ie) As used herein, the term "CONVEYANCE ACTION" means, with respect to the Partnership,

Appears in 1 contract

Samples: Contribution Agreement (Tower Realty Trust Inc)

Waiver of Rights; Consents with Respect to Partnership Interests. (a) The Contributor acknowledges that the agreements contained herein and the transactions contemplated hereby and any actions taken in contemplation of the transactions contemplated hereby (including the declaration of any dividend or distribution in the form of an additional interest in the a Partnership) may conflict with, and may not have been contemplated by, the a Partnership Agreement or another agreement among one or more holders of interests in the a Partnership or one or more of the partners of the partnershipa Partnership. (b) The Contributor expressly gives all Consents (and any consent necessary to authorize the proper parties in interest to give all Consents) and Waivers necessary or desirable to facilitate any Conveyance Action relating to the a Partnership (as such terms are defined below). (c) The Contributor further agrees that the Contributor will take no action to enjoin, or seek damages resulting from, any Conveyance Action by any holder of a direct or indirect interest in the a Partnership. (d) The Waivers and Consent contained in this Section 6.9 shall terminate upon the termination of this Agreement, except as to transactions completed hereunder prior to termination. (i) As used herein, the term "CONVEYANCE ACTION" means, with respect to the a Partnership,

Appears in 1 contract

Samples: Contribution Agreement (Tower Realty Trust Inc)

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Waiver of Rights; Consents with Respect to Partnership Interests. (a) The Contributor acknowledges that the agreements contained herein and the transactions contemplated hereby and any actions taken in contemplation of the transactions contemplated hereby (including the declaration of any dividend or distribution in the form of an additional interest in the -14- 18 Partnership) may conflict with, and may not have been contemplated by, the Partnership Agreement or another agreement among one or more holders of interests in the Partnership or one or more of the partners of the partnership. (b) The Contributor expressly gives all Consents (and any consent necessary to authorize the proper parties in interest to give all Consents) and Waivers necessary or desirable to facilitate any Conveyance Action relating to the Partnership (as such terms are defined below). (c) The Contributor further agrees that the Contributor will take no action to enjoin, or seek damages resulting from, any Conveyance Action by any holder of a direct or indirect interest in the Partnership. (d) The Waivers and Consent contained in this Section 6.9 shall terminate upon the termination of this Agreement, except as to transactions completed hereunder prior to termination. (i) As used herein, the term "CONVEYANCE ACTION" means, with respect to the Partnership,

Appears in 1 contract

Samples: Contribution Agreement (Tower Realty Trust Inc)

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