Common use of Specific Consent Clause in Contracts

Specific Consent. The Limited Partners hereby specifically consent and agree in accordance with the Act that the General Partner shall have the right, power and authority, notwithstanding anything in the Act to the contrary, to (i) sell all or substantially all of the assets of the Partnership, (ii) confess judgment against the Partnership or execute any note, mortgage or other agreement containing a provision pursuant to which judgment may be confessed against the Partnership or its assets, (iii) pledge or mortgage any or all of its assets as security for the repayment of any loans to the Partnership (including, without limitation, any loans made to the Partnership by its General Partner) , and (iv) take any other action not inconsistent with the terms of this Agreement, in each case without the further consent of the Limited Partners, which consent shall be deemed to be granted hereby.

Specific Consent. The Limited Partners hereby specifically consent and agree in accordance with the Act that the General Partner shall have the right, power and authority, notwithstanding anything in the Act to the contrary, to (i) sell all or substantially all of the assets of the Partnership, (ii) confess judgment against the Partnership or execute any note, mortgage or other agreement containing a provision pursuant to ‘which judgment may be confessed against the Partnership or its assets, (iii) pledge or mortgage any or all of its assets as security for the repayment of any loans to the Partnership (including, without limitation, any loans made to the Partnership by its General Partner) Partner whether at the time of the Formation or otherwise), and (iv) take any other action not inconsistent with the terms of this Agreement, in each case without the further consent of the Limited Partners, which consent shall be deemed to be granted hereby.

Specific Consent. The Limited Partners hereby specifically consent and agree in accordance with the Act that the General Partner shall have the right, power and authority, notwithstanding anything in the Act to the contrary, to (i) sell all or substantially all of the assets of the Partnership, (ii) confess judgment against the Partnership or execute any note, mortgage or other agreement containing a provision pursuant to which judgment may be confessed against the Partnership or its assets, (iii) pledge or mortgage any or all of its assets as security for the repayment of any loans to the Partnership (including, without limitation, any loans made to the Partnership by its General Partner) Partner whether at the time of the Formation or otherwise), and (iv) take any other action not inconsistent with the terms of this Agreement, in each case without the further consent of the Limited Partners, which consent shall be deemed to be granted hereby.

Specific Consent. The Limited Partners hereby specifically consent and agree in accordance with the Act that the General Partner shall have the right, power and authority, notwithstanding anything in the Act to the contrary, to (i) sell all or substantially all of the assets of the Partnership, (ii) confess judgment against the Partnership or execute any note, mortgage or other agreement containing a provision pursuant to which judgment may be confessed against the Partnership or its assets, (iii) pledge or mortgage any or all of its assets as security for the repayment of any loans to the Partnership (including, without limitation, any loans made to the Partnership by its General Partner) ), and (iv) take any other action not inconsistent with the terms of this Agreement, in each case without the further consent of the Limited Partners, which consent shall be deemed to be granted hereby.

Specific Consent. The Limited Partners Partner hereby specifically consent consents and agree agrees in accordance with the Act that the General Partner shall have the right, power and authority, notwithstanding anything in the Act to the contrary, to (i) sell all or substantially all of the assets of the Partnership, (ii) confess judgment against the Partnership or execute any note, mortgage or other agreement containing a provision pursuant to which judgment may be confessed against the Partnership or its assets, (iii) pledge or mortgage any or all of its assets as security for the repayment of any loans to the Partnership (including, without limitation, any loans made to the Partnership by its General Partner) Partner whether at the time of the Formation or otherwise), and (iv) take any other action not inconsistent with the terms of this Agreement, in each case without the further consent of the Limited Partners, which consent shall be deemed to be granted hereby.