Common use of Non-Managing General Partner Clause in Contracts

Non-Managing General Partner. Notwithstanding anything to the contrary contained in this Agreement, the General Partner may, in its discretion at any time and without the prior consent of the Limited Partners or the Advisory Committee, admit ▇▇▇▇▇ REIT Properties, L.P., a Delaware limited partnership whose general partner is ▇▇▇▇▇ Real Estate Investment Trust, Inc., a Maryland corporation, as a non-managing general partner of the Partnership (the "Non-Managing General Partner"). In such event, (i) the Non-Managing General Partner shall be deemed to be a general partner of the Partnership for all purposes under the Act, but shall have only those rights, privileges, powers and obligations set forth on Schedule 5.11, (ii) the General Partner shall automatically be deemed to be the managing general partner of the Partnership (the "Managing General Partner") and, as such, shall have all rights, privileges, powers and obligations as the General Partner has under this Agreement, and (iii) this Agreement shall be amended by the Managing General Partner, without the consent of any other Partners, in the manner set forth on Schedule 5.11.

Non-Managing General Partner. Notwithstanding anything to the contrary contained in this Agreement, the General Partner may, in its discretion at any time and without the prior consent of the Limited Partners or the Advisory Committee, admit ▇▇▇▇▇ Hines REIT Properties, L.P., a Delaware limited partnership whose general partner is ▇gen▇▇▇▇ partner is Hines Real Estate Investment Trust, Inc., a Maryland corporation, as a non-managing ▇ ▇▇▇-managing general partner of the Partnership (the "Non-Managing General Partner"). In such event, (i) the Non-Managing General Partner shall be deemed to be a general partner of the Partnership for all purposes under the Act, but shall have only those rights, privileges, powers and obligations set forth on Schedule 5.11, (ii) the General Partner shall automatically be deemed to be the managing general partner of the Partnership (the "Managing General Partner") and, as such, shall have all rights, privileges, powers and obligations as the General Partner has under this Agreement, and (iii) this Agreement shall be amended by the Managing General Partner, without the consent of any other Partners, in the manner set forth on Schedule 5.11.