Common use of WAIVER OF RIGHTS UNDER PARTNERSHIP AGREEMENT Clause in Contracts

WAIVER OF RIGHTS UNDER PARTNERSHIP AGREEMENT. As of the Closing, the Contributor waives and relinquishes all rights and benefits otherwise afforded to Contributor under the Partnership Agreements including, without limitation, any right to consent to or approve of the sale or contribution by the other partners (or members) of the Partnerships of their partnership interests to the Company or the Operating Partnership.

Appears in 13 contracts

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

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WAIVER OF RIGHTS UNDER PARTNERSHIP AGREEMENT. As of the Closing, the Contributor waives and relinquishes all rights and benefits otherwise afforded to Contributor under the Partnership Agreements Agreement including, without limitation, any right to consent to or approve of the sale or contribution by the other partners (or members) of the Partnerships Partnership of their partnership interests to the Company or the Operating Partnership.

Appears in 1 contract

Samples: Contribution Agreement (Arden Realty Group Inc)

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