Common use of Control Change Clause in Contracts

Control Change. If the Managing General Partner becomes a Terminated Partner or commits a Removal Default, the ▇▇▇▇-▇▇▇▇ Limited Partner may appoint a Co-General Partner, and such Co-General Partner may elect to become the Managing General Partner and to assume the Managing General Partner's authority and responsibilities under this Agreement as provided in Section 7.9.5 (subject to Section 5.9). If the Managing General Partner has committed a Performance Default with respect to an Investment or a Property, the ▇▇▇▇-▇▇▇▇ Limited Partner shall have the rights with respect to such Investment or Property set forth in Sections 5.10(ii) and 7.9.5 (including the appointment of a Co-General Partner to take all actions with respect to such Investment or Property on behalf of the Partnership, with the Managing General Partner having no further Approval rights with respect to such Investment or Property except those set forth in Section 5.1.6.1).