Written Consent of General Partner (Lending): Omnibus Subsidiary Guarantor (Limited Partnership)

This legal template pertains to obtaining the written consent of a general partner in a lending arrangement involving an omnibus subsidiary guarantor that is structured as a limited partnership.

In this context, a general partner refers to an individual or entity responsible for the management and decision-making of the limited partnership. The lending arrangement involves providing financial resources to a subsidiary guarantor, who acts as a guarantor for the obligations of its affiliated entities. An omnibus subsidiary guarantor is a subsidiary entity that guarantees the debts and liabilities of multiple affiliated entities.

The purpose of this legal template is to outline the process and requirements for obtaining the written consent of the general partner for certain actions or agreements related to the lending arrangement. It may specify the circumstances under which the consent is necessary, such as modifying the terms of the loan, entering into additional guarantees, or making substantial changes to the subsidiary guarantor's structure.

This template typically includes provisions that outline the specific actions or agreements requiring consent, the process for obtaining consent, and the implications of not obtaining the required consent. It may also address the rights and responsibilities of both the general partner and the parties involved in the lending arrangement.

Overall, this legal template aims to ensure that the general partner's approval is obtained in a formal and documented manner, safeguarding the interests and rights of all parties involved in the lending arrangement with the omnibus subsidiary guarantor structured as a limited partnership.