Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 28 contracts
Samples: Agreement and Plan of Merger (Dupont Fabros Technology, Inc.), Digital Realty Trust, L.P., Digital Realty Trust, L.P.
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action action, whether at law or in equity, against the Partnership or any Partner.
Appears in 28 contracts
Samples: Agreement (Steadfast Apartment REIT III, Inc.), Agreement (Steadfast Apartment REIT III, Inc.), Steadfast Apartment REIT, Inc.
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 24 contracts
Samples: Gables Realty Limited Partnership, Gables Realty Limited Partnership, Fourth (Gables Realty Limited Partnership)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.311.3 above). The General Partner shall, however, have the right to consent to the admission of a permitted transferee of the interest of a Limited Partner pursuant to this Section 11.4 Partner, as a Substituted Limited Partner, pursuant to this Section 11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 19 contracts
Samples: Assignment and Assumption Agreement (Amb Property Corp), Assignment and Assumption Agreement (Amb Property Lp), Assignment and Assumption Agreement (Amb Property Corp)
Substituted Limited Partners. A. (a) Consent of the General Partner. No Limited Partner shall have the right to substitute a transferee as a Permitted Transferee in such Limited Partner in his or her place (including any transferee permitted by Section 11.3)Partner’s place. The General Partner shall, however, have the right to consent to the admission of a transferee Permitted Transferee of the interest Partnership Interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Substitute Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a such transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 18 contracts
Samples: Agreement and Plan of Merger (Healthcare Realty Trust Inc), Healthcare Realty Holdings, L.P., Griffin-American Healthcare REIT IV, Inc.
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his his, her or her its place (including any transferee transferees permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 16 contracts
Samples: Paramount Group, Inc., Gaming & Leisure Properties, Inc., Paramount Group, Inc.
Substituted Limited Partners. A. Consent of General Partner. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her its place (including any transferee permitted by Section 11.3). The without the consent of the General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 10 contracts
Samples: Shelbourne Properties Iii Inc, Vornado Realty Trust, Vornado Operating Inc
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 10 contracts
Samples: Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Agreement (DiamondRock Hospitality Co), Agreement (DiamondRock Hospitality Co)
Substituted Limited Partners. A. No Any Preferred Limited Partner shall have the right to substitute a transferee permitted by this Agreement as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, shall have the right to consent to the admission of a permitted transferee of the interest of a any other Limited Partner pursuant to this Section 11.4 Partner, as a Substituted Limited Partner, pursuant to this Section 11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 9 contracts
Samples: Constructive Ownership Definition (Amb Property Corp), Amb Property Lp, Amb Property Lp
Substituted Limited Partners. A. (a) Consent of the General Partner. No Limited Partner shall have the right to substitute a transferee as a Permitted Transferee in such Limited Partner in his or her place (including any transferee permitted by Section 11.3)Partner's place. The General Partner shall, however, have the right to consent to the admission of a transferee Permitted Transferee of the interest Partnership Interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Substitute Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a such transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 8 contracts
Samples: Shopoff Properties Trust, Inc., NNN Healthcare/Office REIT, Inc., NNN Healthcare/Office REIT, Inc.
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.311.3 above). The General Partner shall, however, have the right to consent to the admission of a permitted transferee of the interest of a Limited Partner pursuant to this Section 11.4 Partner, as a Substituted Limited Partner, pursuant to this Section 11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 5 contracts
Samples: Assignment and Assumption Agreement (Amb Property Corp), Assignment and Assumption Agreement (Amb Property Lp), Assignment and Assumption Agreement (Amb Property Corp)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a permitted transferee of the interest of a Limited Partner pursuant to this Partner, other than a transferee in a transfer permitted by Section 11.4 11.3 hereof, as a Substituted Limited Partner, pursuant to this Section 11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action action, whether at law or in equity, against the Partnership or any Partner.
Appears in 5 contracts
Samples: Agreement (Shearson American REIT, Inc.), Agreement (Excel Trust, Inc.), Agreement (Excel Trust, Inc.)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a permitted transferee of the interest of a Limited Partner pursuant to this Partner, other than a transferee in a transfer permitted by Section 11.4 11.3 hereof, as a Substituted Limited Partner, pursuant to this Section 11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 4 contracts
Samples: Kilroy Realty Corp, Kilroy Realty Corp, Kilroy Realty Corp
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 4 contracts
Samples: Arden Realty Inc, Maguire Properties Inc, Arden Realty Group Inc
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action action, whether at law or in equity, against the Partnership or any Partner.
Appears in 4 contracts
Samples: Carey Watermark Investors 2 Inc, BioMed Realty Trust Inc, BioMed Realty Trust Inc
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a permitted transferee of the interest of a Limited Partner pursuant to this Partner, other than a transferee in a transfer permitted by Section 11.4 11.3 hereof, as a Substituted Limited Partner, pursuant to this Section 11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 4 contracts
Samples: Kilroy Realty, L.P., Kilroy Realty, L.P., Kilroy Realty, L.P.
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Tanger Properties LTD Partnership /Nc/
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 3 contracts
Samples: Cedar Income Fund LTD, Tanger Factory Outlet Centers Inc, Cedar Shopping Centers Inc
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his his, her or her its place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 3 contracts
Samples: Agreement (Seritage Growth Properties), Agreement (Seritage Growth Properties), Agreement (Seritage Growth Properties)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee (including transferees pursuant to transfers permitted by Section 11.3) as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 3 contracts
Samples: National Golf Properties Inc, National Golf Properties Inc, National Golf Properties Inc
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 11.3 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 3 contracts
Samples: Gotham Golf Corp, Gotham Golf Corp, Gotham Golf Corp
Substituted Limited Partners. A. No (a) A Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The without the consent of the General Partner shallin cases of transfer of all or a portion of its Partnership Interest to an Affiliate of such Limited Partner, howeversubject to the provisions of Section 9.6. In all other situations, the General Partner shall have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise be unreasonably withheld, subject to any cause the provisions of action against the Partnership or any PartnerSection 9.6.
Appears in 3 contracts
Samples: Rights And (American Real Estate Investment Corp), American Real Estate Investment Corp, Keystone Property Trust
Substituted Limited Partners. A. E. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action action, whether at law or in equity, against the Partnership or any Partner.
Appears in 2 contracts
Samples: Corporate Property Associates 17 - Global INC, Corporate Property Associates 18 Global Inc
Substituted Limited Partners. A. No Any Preferred Limited Partner or Class B Common Limited Partner shall have the right to substitute a transferee permitted by this Agreement as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, shall have the right to consent to the admission of a permitted transferee of the interest of a any other Limited Partner pursuant to this Section 11.4 Partner, as a Substituted Limited Partner, pursuant to this Section 11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Samples: Constructive Ownership Definition (Amb Property Corp), Amb Property Corp
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place of such Limited Partner (including any transferee permitted by Section 11.311.3 hereof). The Managing General Partner shall, however, have the right to consent to the admission of a permitted transferee of the interest of a Limited Partner as a Substituted Limited Partner, pursuant to this Section 11.4 as a Substituted Limited Partnerhereof, which consent may be given or withheld by the Managing General Partner in its sole and absolute discretion. The Managing General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Substituted Limited Partners. A. No (a) Except for a transferee permitted pursuant to Section 11.3(a), no Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any place. Any transferee permitted by pursuant to Section 11.3)11.3(a) shall be admitted to the Partnership as a Substituted Limited Partner. The In addition, the General Partner shall, however, shall have the right to consent to the admission of a any other transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Samples: Ventas, Inc., Limited Liability Company Agreement (Nationwide Health Properties Inc)
Substituted Limited Partners. A. (a) No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Samples: Irt Property Co, Camden Property Trust
Substituted Limited Partners. A. Consent of General Partner. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner. Notwithstanding the foregoing, in the event of transfers of Partnership Units by Original Limited Partners in accordance with the second sentence of Section 11.3A, the transferees shall be admitted as Substituted Limited Partners, and the General Partner hereby consents to such.
Appears in 2 contracts
Samples: Agreement (Pacific Gulf Properties Inc), Pacific Gulf Properties Inc
Substituted Limited Partners. A. No Any Preferred Limited Partner or Class B Common Limited Partner shall have the right to substitute a transferee permitted by this Agreement as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, shall have the right to consent to the admission of a permitted transferee of the interest of a any other Limited Partner pursuant to this Section 11.4 Partner, as a Substituted Limited Partner, pursuant to this Section 11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Samples: Ii Contribution Agreement (Amb Property Lp), Ii Contribution Agreement (Amb Property Corp)
Substituted Limited Partners. A. No Except as otherwise provided below, no Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.311.4). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 11.5 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Samples: Campus Crest Communities, Inc., Campus Crest Communities, Inc.
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partnerpartner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Samples: Cavanaughs Hospitality Corp, Cavanaughs Hospitality Corp
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a any transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner shall only be made with the prior written consent of the General Partner, which consent may be given granted or withheld by the General Partner in its sole and absolute discretiondiscretion and, if given, may be on such terms and conditions as determined by the General Partner, which shall include requiring the transferee to agree to the terms and conditions of this Agreement in writing. The General Partner’s failure or refusal of the General Partner to permit a transferee of any such interests interest to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Samples: Countryside Square Lp, Hre Properties
Substituted Limited Partners. A. No Except for a transferee permitted pursuant to Section 11.3.A, no Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any place. Any transferee permitted by pursuant to Section 11.3)11.3.A shall be admitted to the Partnership as a Substituted Limited Partner. The In addition, the General Partner shall, however, shall have the right to consent to the admission of a any other transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Samples: Westfield America Inc, Westfield America Inc
Substituted Limited Partners. A. Consent of General Partner. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)its place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be be, given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 2 contracts
Samples: Eldertrust, Eldertrust
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her its place (including any transferee permitted by Section 11.3). The General Partner shall, however, have without the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited General Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: CNL American Properties Fund Inc
Substituted Limited Partners. A. No Except as otherwise provided below, no Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 11.5 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Agreement of Limited Partnership (American Campus Communities Inc)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 11.04 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: LNR Capital CORP
Substituted Limited Partners. A. A No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his his, her or her its place (including any transferee transferees permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Agreement (Lamar Media Corp/De)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner. Notwithstanding the foregoing, in the event of transfers of Limited Partnership Units by Original Limited Partners in accordance with the second sentence of Section 11.3A, the transferees shall be admitted as Substituted Limited Partners, and the General Partner hereby consents to such.
Appears in 1 contract
Samples: Property Management Agreement (Pacific Gulf Properties Inc)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her such Limited Partner's place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee permitted under Section 11.3 of the interest of a Limited Partner as a Substituted Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Grove Real Estate Asset Trust
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Substituted Limited Partners. A. No Any Preferrred Limited Partner shall have the right to substitute a transferee permitted by this Agreement as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, shall have the right to consent to the admission of a permitted transferee of the interest of a any other Limited Partner pursuant to this Section 11.4 Partner, as a Substituted Limited Partner, pursuant to this Section 11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Amb Property Corp
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, NY\5888591.8 however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)
Substituted Limited Partners. A. Consent of General Partner. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her its place (including any transferee whether or not the transfer of the Limited - 45 - 51 Partner's Partnership Interest is permitted by under Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretiondiscretion and for any reason or no reason. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Camden Property Trust
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent 55 may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Maguire Properties Inc
Substituted Limited Partners. A. (a) Consent of General Partner. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Agreement (Monarch Properties Inc)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in 50 its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Macklowe Properties Inc
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General PartnerPartner ’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Tarantula Ventures LLC
Substituted Limited Partners. A. (a) No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her such Limited Partner’s place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee permitted under Section 11.3 of the interest of a Limited Partner as a Substituted Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Parkway Properties Inc
Substituted Limited Partners. A. Consent of General Partner. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)its place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in at its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Cornerstone Properties Inc
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place of such Limited Partner (including any transferee permitted by Section 11.311.3 hereof). The General Partner shall, however, have the right to consent to the admission of a permitted transferee of the interest of a Limited Partner as a Substituted Limited Partner, pursuant to this Section 11.4 as a Substituted Limited Partnerhereof, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Prime Group Realty Trust
Substituted Limited Partners. A. E. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given ,or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, shall have the right to consent to the admission of a transferee of the interest of a who receives Limited Partner Interests pursuant to this Section 11.4 as a Substituted Limited Partner12.5, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a such transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Partnership Agreement (Metropolis Realty Trust Inc)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this this, Section 11.4 as a Substituted Limited Partner, which consent Consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner. Notwithstanding the foregoing in the event of transfers of Limited Partnership Units by Original Limited Partners in accordance with the second sentence of Section 11.3A, the transferees shall be admitted as Substituted Limited Partners, and the General Partner hereby consents to such.
Appears in 1 contract
Samples: Master Contribution Agreement (Pacific Gulf Properties Inc)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as Permitted Transferee for a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee Permitted Transferee of the interest Partnership Interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Substitute Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a such transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (3100 Glendale Joint Venture)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including except as to any transferee permitted by Section 11.311.3.A). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 11.3 as a substituted limited partner (the "Substituted Limited Partner"), which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Maryland Property Capital Trust Inc
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may shall not be given unreasonably withheld or withheld by the General Partner in its sole and absolute discretiondelayed. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3). The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s Partner ‘s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Dupont Fabros Technology, Inc.
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given ,or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: CNL Hospitality Properties Inc
Substituted Limited Partners. A. (a) No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her its place (including any transferee whether or not the transfer of the Limited Partner's Interest is permitted by under Section 11.3). The Managing General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretiondiscretion and for any reason or no reason. The Managing General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: U S Restaurant Properties Inc
Substituted Limited Partners. A. (a) No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 9.6 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Strategic Timber Trust Inc
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by place; provided, however, that a Person to whom an interest of a Limited Partner may be transferred without the consent of the General Partner pursuant to Section 11.3)11.3 shall be admitted to the Partnership as a Substituted Limited Partner upon his or her request therefor subject to Section 11.6. The General Partner shall, however, have the right to consent to the admission of a permitted transferee of the interest of a Limited Partner pursuant to this Partner, other than a transferee in a transfer permitted by Section 11.4 11.3 hereof without the consent of the General Partner, as a Substituted Limited Partner, pursuant to this Section 11.4, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Constructive Ownership Definition (Hanover Capital Holdings Inc)
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)such Limited Partner’s place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion. The General Partner’s failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Life Storage Lp
Substituted Limited Partners. A. No Limited Partner shall have the right to substitute a transferee as a Limited Partner in his or her place (including any transferee permitted by Section 11.3)place. The General Partner shall, however, have the right to consent to the admission of a transferee of the interest of a Limited Partner pursuant to this Section 11.4 9.4 as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretiondiscretion unless otherwise provided with respect to any Limited Partner entitled to a Preferred Return. The General Partner’s 's failure or refusal to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any cause of action against the Partnership or any Partner.
Appears in 1 contract
Samples: Merry Land & Investment Co Inc