Common use of Hyper-Majority Vote of Members Clause in Contracts

Hyper-Majority Vote of Members. Upon the approval of a Hyper-Majority Vote of Members , the General Partner shall make a Disposition of the Investment and other assets of the Partnership through an en bloc sale or other orderly disposition to maximize value. For greater certainty, subject to Section 4.5, no Partner shall be entitled to, or be restricted from, acquiring the Investment from the Partnership at such time; provided that any acquisition of all or any part of the Investment by the General Partner or its Affiliates shall require the Hyper-Majority Vote of Members (other than the General Partner and its Affiliates, including any Person or account the Interest of which is managed by Brookfield on a discretionary basis).

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Retail Holdings LLC), Limited Partnership Agreement (Brookfield Retail Holdings LLC)