7Reserved Matters Clause Samples

7Reserved Matters. For purposes of this Agreement, “Reserved Matters” requiring the approval of Unitholders of the Company holding an aggregate Unitholder Interest of ninety percent (90%) are as follows: (a) issuing new equity capital or securities convertible into new equity capital; (b) merging or consolidating with or into any other company, or reconstructing or amalgamating its business or promoting or taking any steps to effect its winding up or passing of any resolution to liquidate it or applying to any court of competent jurisdiction for an order to convene a meeting of creditors or any class of creditors or members or any class of members or to sanction any such compromise or arrangement; (c) acquiring another business entity, joint venture, partnership or investment in other companies; (d) commencing or acquiring any new line of business which does not fall within or is not ancillary to a Project or Projects; (e) repurchasing or redemption of any securities or debt (except to the extent such debt is due in accordance with its terms and conditions and/or such debt is due for the retirement of any redeemable preferred Units issued by CONDOR);