Outside Partnership definition
Examples of Outside Partnership in a sentence
Mortgage, pledge, hypothecate or subject to any type of lien (other than inchoate liens for contractors and subcontractors, real estate taxes and utility charges established by applicable law) any of the assets of the Company or any Subsidiary Entity or, to the extent within the Company’s control, any Outside Partnership, or amend, extend or renew any of the agreements entered into in connection with the foregoing.
Cause any capital call under any Outside Partnership Agreement unless the applicable Designated Manager has the right to call capital from the Company for such purpose pursuant to Section 3.3(b).
Enter into, consummate, amend, modify or terminate any transaction or arrangement between the Company, any Subsidiary Entity or Outside Partnership and any Member or any Affiliate of any Member.
No decision under any such agreement that would constitute a “Major Decision” under this Agreement may be made on behalf of the Company or any Subsidiary Entity or Outside Partnership without the Approval of the Members or Approval of the Management Committee.
With respect to the initiation by any Outside Partner or any buy/sell, forced sale or marketing process under any Outside Partnership Agreement, the determination on behalf of the Company or applicable Subsidiary Entity that is the partner in the applicable Outside Partnership of the election to be made in response to the initiation of such process (i.e., the election to buy, or to sell or to choose such other option as may be permitted under the applicable Underlying Partnership Documents).
Voluntarily permit any changes to any board, management committee or similar governing board of any Subsidiary Entity or, to the extent within the Company’s control, any Outside Partnership.
Any election to initiate on behalf of the Company any buy/sell, forced sale or marketing process under any Outside Partnership Agreement, and the determination of the applicable valuation to be established for the relevant asset or interest as to which such process would be initiated.
Transfers of the Archstone Residual Assets by the Company (or any Subsidiary Entity or Outside Partnership) shall be authorized subject to Section 4.3(g).
Cause the formation of any Subsidiary Entity or any Affiliate of the Company, or merge the Company or any Subsidiary Entity or Outside Partnership into any other Person, or convert the form of such Entity into a different form of Entity or otherwise enter into any similar entity reorganization.
Any election by any Member to initiate for itself (and not on behalf of the Company) any buy/sell, forced sale or marketing process under any Outside Partnership Agreement.