Common use of dissolve the Partnership Clause in Contracts

dissolve the Partnership. Notwithstanding the foregoing, the Consent of the Limited Partners shall not be required for any action listed above in this Section 7.3.A if, at the time that the General Partner desires to take such action, the Limited Partners own, in the aggregate, less than a ten percent (10%) Partnership Interest.

Appears in 1 contract

Sources: Limited Partnership Agreement (Agree Realty Corp)

dissolve the Partnership. Notwithstanding the foregoing, the Consent of the Limited Partners shall not be required for any action listed above in this Section 7.3.A 9.2(b) if, at the time that the General Partner desires to take such action, the Limited Partners (other than the Trust) own, in the aggregate, less than a ten percent (10%) of the Partnership InterestInterests. In addition to the foregoing, the Consent of the Limited Partners holding a majority of the Limited Partnership Interests is required for the General Partner to take the action specified in clause (iv) above.

Appears in 1 contract

Sources: Limited Partnership Agreement (Glimcher Realty Trust)