Sole General Partner. The REIT shall cease to be the sole general partner of Borrower or cease to own fifty-one percent (51%) or more of the Partnership Units of Borrower.
Appears in 4 contracts
Sources: Revolving Credit Agreement (Arden Realty Inc), Term Loan Agreement (Arden Realty Limited Partnership), Revolving Credit Agreement (Arden Realty Limited Partnership)
Sole General Partner. The REIT shall cease to be the sole general partner of Borrower or cease to own fifty-one percent (51%) % or more of the Partnership Units of Borrower.
Appears in 3 contracts
Sources: Revolving Credit Agreement (Arden Realty Inc), Senior Unsecured Credit Agreement (Arden Realty Inc), Revolving Credit Agreement (Arden Realty Inc)