Unrelated Businesses. The entry into by the Company of any business that is not related to the purpose of the Company set forth in Section 1.03; provided, however, that such a decision shall require the approval of all of the representatives present at a meeting of the Management Committee at which a quorum is present or Unanimous Written Consent;
Appears in 9 contracts
Samples: Operating Agreement (Paladin Realty Income Properties Inc), Operating Agreement (Paladin Realty Income Properties Inc), Operating Agreement (Paladin Realty Income Properties Inc)
Unrelated Businesses. The entry into by the Company of any business that is not related to the purpose of the Company set forth in Section 1.03; provided, however, that such a decision shall require the approval of all of the representatives present at a meeting of the Management Committee at which a quorum is present or Unanimous Written ConsentConsent and the approval if any holder of the first mortgage securing the Project (if necessary);
Appears in 1 contract
Samples: Limited Liability Company Agreement (Paladin Realty Income Properties Inc)
Unrelated Businesses. The entry into by the Company or the Project Owner of any business that is not related to the purpose of the Company or the Project Owner as set forth or described in Section 1.03; provided, however, that such a decision shall require the approval of all of the representatives present at a meeting of the Management Committee at which a quorum is present or Unanimous Written ConsentConsent and the approval if any holder of the first mortgage securing the Project (if necessary);
Appears in 1 contract
Samples: Limited Liability Company Agreement (Paladin Realty Income Properties Inc)
