Common use of Restrictions on General Partner Authority Clause in Contracts

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 19 contracts

Samples: Limited Partnership Agreement (Vinebrook Homes Trust, Inc.), Limited Partnership Agreement (Nexpoint Diversified Real Estate Trust), Limited Partnership Agreement (Vinebrook Homes Trust, Inc.)

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Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests held by of the Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 17 contracts

Samples: Limited Partnership Agreement (Angel Oak Mortgage, Inc.), Pledge Agreement (NetSTREIT Corp.), Pledge Agreement (NetSTREIT Corp.)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority Two Thirds Majority (other than the General Partner or any Subsidiary of the Percentage Interests held by Limited PartnersGeneral Partner), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement, and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any liability not contemplated herein or under the Act except with the written consent of such Limited Partner.

Appears in 10 contracts

Samples: Agreement (CapRocq Core REIT, Inc.), Agreement (CapRocq Core REIT, Inc.), Agreement (Medalist Diversified REIT, Inc.)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of a Majority in Interest of the Outside Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this AgreementAgreement and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any other liability except as provided herein or under the Act.

Appears in 9 contracts

Samples: Agreement (Lamar Media Corp/De), Gaming & Leisure Properties, Inc., Paramount Group, Inc.

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited (i) all Partners holding a majority of the Percentage Interests held by Limited Partners, adversely affected or (ii) such other lower percentage of the Limited Partners Partnership Interests as may be specifically provided for under a provision of this AgreementAgreement or the Act.

Appears in 8 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (JBG SMITH Properties), Limited Partnership Agreement (JBG SMITH Properties)

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including Limited Partner Interests held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 6 contracts

Samples: Provident Senior Living Trust, Agreement (Vinings Investment Properties Trust/Ga), Agreement (Vinings Investment Properties Trust/Ga)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of a Majority in Interest of the Outside Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this AgreementAgreement and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any other liability except as provided herein or under the Act without the prior written Consent of such Limited Partner.

Appears in 4 contracts

Samples: Original Agreement (Easterly Government Properties, Inc.), Original Agreement (Easterly Government Properties, Inc.), American Farmland Co

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority 75% or more of the Percentage Interests of the Limited Partners (including Limited Partner Interests held by Limited Partnersthe Gables Trust and the General Partner, but not including any interest on account of the Preferred Units) (or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement).

Appears in 4 contracts

Samples: Gables Realty Limited Partnership, Gables Realty Limited Partnership, Fourth (Gables Realty Limited Partnership)

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority 75% or more of the Percentage Interests of the Limited Partners (including Limited Partner Interests held by Limited Partners, the Gables Trust and the General Partner) (or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement).

Appears in 3 contracts

Samples: Gables Realty Limited Partnership, Gables Realty Limited Partnership, Gables Residential Trust

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests Common Units of the Limited Partners (including Limited Partner Units held by Limited Partnersthe Company or its Affiliates), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 3 contracts

Samples: Agreement (DiamondRock Hospitality Co), And Restated Agreement (Catellus Development Corp), Agreement (DiamondRock Hospitality Co)

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage all of the Limited Partners as may be specifically provided for under a provision of this AgreementPartners.

Appears in 3 contracts

Samples: Highwoods Properties Inc, Fac Realty Inc, Boddie Noell Properties Inc

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including Limited Partner Interests held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 3 contracts

Samples: And Restated Agreement (Loeb Realty Corp), Cornerstone Properties Inc, Beacon Capital Partners Inc

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority Consent of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 3 contracts

Samples: Agreement (STAG Industrial, Inc.), STAG Industrial, Inc., STAG Industrial, Inc.

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests Common Units of the Limited Partners (including Limited Partner Common Units held by the General Partner and the Initial Limited PartnersPartner), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 2 contracts

Samples: Agreement (CNL Income Mesa Del Sol, LLC), CNL Hospitality Properties Inc

Restrictions on General Partner Authority. The Notwithstanding any other provision of this Agreement, the General Partner may shall not take any action in contravention have authority, on behalf of an express prohibition the Partnership, either directly or limitation of this Agreement indirectly, without the prior written consent of Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage approval of the Limited Partners and except in connection with actions permitted by this Agreement or as may be specifically provided for under a provision of this Agreement.otherwise contemplated hereby:

Appears in 2 contracts

Samples: Costs and Expenses and Compensation (Graham Packaging Co Inc.), Graham Packaging Co Inc.

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including Limited Partner Percentage Interests held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Summit Properties Partnership L P

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including Limited Partnership Interests held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Agreement (Monarch Properties Inc)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Capital Percentage Interests of the Limited Partners (including Limited Partner Interests held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Beacon Capital Partners Inc

Restrictions on General Partner Authority. The A. Except as provided in this Agreement to the contrary, the General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority majority-in-interest of the Percentage Interests Common Units and the Class A Preferred Units (on an as-converted basis), other than Partnership Units held by Limited Partnersthe General Partner, Parent or any of their respective Subsidiaries or Affiliates, or any Parent Transferee, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Macerich Co

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of a Majority in Interest of the Outside Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.Agreement and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any other liability except as provided herein or under the Act. 39 ACTIVE/104666890.9

Appears in 1 contract

Samples: Paramount Group, Inc.

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Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority 50% or more of the Percentage Interests held by Limited Partners, of the Partnership (or such other percentage of the Limited Partners Partnership as may be specifically provided for under a provision of this Agreement).

Appears in 1 contract

Samples: Merry Land & Investment Co Inc

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage all of the Limited Partners as may be specifically provided for under a provision of this AgreementPartners.

Appears in 1 contract

Samples: Fac Realty Trust Inc

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority Majority-In-Interest of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Sabra Ohio, LLC)

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority 66-2/3% or more of the Percentage Interests of the Limited Partners (excluding Limited Partner Interests held by Limited Partners, Gables Trust and the General Partner) (or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Gables Residential Trust)

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests held by of the Limited Partners, Partners or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Trinet Corporate Realty Trust Inc

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent of Limited Partners holding a majority Majority in Interest (other than the General Partner or any Subsidiary of the Percentage Interests held by Limited PartnersGeneral Partner), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement, and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any liability not contemplated herein or under the Act except with the written consent of such Limited Partner.

Appears in 1 contract

Samples: Agreement (US Federal Properties Trust Inc.)

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including Limited Partner Interests held by Limited Partnersthe General Partner), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Macklowe Properties Inc

Restrictions on General Partner Authority. (a) The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including Limited Partner Percentage Interests held by Limited Partnersthe General Partner), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Camden Property Trust

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including the Percentage Interests held by Limited PartnersSTT), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Strategic Timber Trust Inc

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited (i) all Partners holding a majority of the Percentage Interests held by Limited Partners, adversely affected or (ii) such other lower percentage of the Limited Partners Partnership Interests as may be specifically provided for under a provision of this Agreement.Agreement or the Act. Section 7.4

Appears in 1 contract

Samples: Vesting Agreement (JBG SMITH Properties)

Restrictions on General Partner Authority. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority eighty-five percent (85%) of the Percentage Interests outstanding Common Units of the Limited Partners (excluding Limited Partner Common Units held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: LNR Capital CORP

Restrictions on General Partner Authority. A. The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of a Majority in Interest of the Outside Limited Partners holding a majority of the Percentage Interests held by Limited Partners, or such other percentage of the Limited Partners as may be specifically provided for under a provision of this AgreementAgreement and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any other liability except as provided herein or under the Act.

Appears in 1 contract

Samples: Hertz Group Realty Trust, Inc.

Restrictions on General Partner Authority. The General ----------------------------------------- Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written consent Consent of Limited Partners holding a majority of the Percentage Interests of the Limited Partners (including Limited Partner Interests held by Limited Partnersthe Company), or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement.

Appears in 1 contract

Samples: Maryland Property Capital Trust Inc

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