Laserfiche WebLink
Documents), in connection with the transfer and /or the assignment by the Developer's limited <br />partner of its interest in the Developer to an entity controlled or managed by an entity which is <br />related to or under common control with the Developer's limited partner. <br />21.18 Removal of Developer's General Partner. Notwithstanding anything to the <br />contrary in this Agreement or the Loan Documents, the removal and /or replacement of a General <br />Partner for cause in accordance with the Partnership Agreement shall not require the consent of <br />the City and shall not shall not constitute a default or an Event of Default under this Agreement <br />or the Loan Documents or accelerate the maturity of the City Loan. If the Developer's limited <br />partner exercises its right to remove a General Partner, City will not unreasonably withhold its <br />consent to the substitute general partner; provided however, the consent of either the City shall <br />not be required if the substitute general partner is an affiliate of the Developer's limited partner. <br />The substitute general partner shall assume all of the rights and obligations of the removed <br />general partner hereunder. <br />41 <br />1076\53 \1389382.1 <br />