Disapproved Qualified Properties Clause Samples
Disapproved Qualified Properties. If the Other General Partner (x) disapproves (or is deemed to have disapproved as provided in Section 3.6(b) or Section 3.6(c) hereof) any Proposed Qualified Property, or (y) fails after the completion of due diligence to provide unconditional final approval of the acquisition following any change to the terms of the acquisition as provided in the sixth paragraph of Section 3.6(c) above, the Managing General Partner, its Affiliates or their designee shall have the right to acquire such Proposed Qualified Property or Approved Qualified Property for their own account or with or in connection with any other Person.
Disapproved Qualified Properties. If the Fund GP (x) disapproves (or is deemed to have disapproved as provided in Section 3.6(a) hereof) any Proposed Qualified Property, (y) fails after the completion of due diligence to confirm its continuing approval of the acquisition as provided in Section 3.6(d) above, or (z) otherwise withdraws its approval of an Approved Qualified Property as provided in Section 3.6(d) above, the Managing General Partner shall not cause or permit the Partnership to acquire such Proposed Qualified Property or Approved Qualified Property and the LXP Partners or their designee shall have the right to acquire such Proposed Qualified Property or Approved Qualified Property for its own account or with or in connection with any other Person.
Disapproved Qualified Properties. If the Fund (x) disapproves (or is deemed to have disapproved as provided in Section 3.6(a) hereof) any Proposed Qualified Property, (y) fails after the completion of due diligence to confirm its continuing approval of the acquisition as provided in Section 3.6(d) above, or (z) otherwise withdraws its approval of an Approved Qualified Property as provided in Section 3.6(d) above, the Manager shall not cause or permit the Company to acquire such Proposed Qualified Property or Approved Qualified Property and LXP or its designee shall have the right to acquire such Proposed Qualified Property or Approved Qualified Property for its own account or with or in connection with any other Person.