Examples of Consent of the Limited Partners in a sentence
However, any Incapacitated General Partner which becomes a Limited Partner pursuant to this paragraph (c) shall not have the right to participate in the management of the affairs of the Partnership or to vote on any matter requiring the Consent of the Limited Partners and shall not be entitled to any portion of the Income, Loss, Net Interest Income, Net Residual Proceeds or Liquidation Proceeds payable to the class comprised of Limited Partners and BUC Holders.
No Limited Partner or BUC Holder shall have any power or authority with respect to the Partnership except insofar as the vote or Consent of the Limited Partners or BUC Holders shall be expressly required or permitted by this Agreement.
Amendments to this Agreement requiring Consent of the Limited Partners may be proposed by the General Partner.
The General Partner may be removed as the general partner of the Partnership for Cause with Majority Consent of the Limited Partners, subject to Section 9.14(c).
In respect of commitments made by the Partnership to Portfolio Investments after the Principal Closing Date, unless otherwise agreed to by the Limited Partner Committee (or, if there is no Limited Partner Committee, the Majority Consent of the Limited Partners and subject to Section 3.2(g)), the General Partner shall reduce the Management Fee by the value of any Direct Placement Fees that are earned by such Affiliate and retained by such Affiliate for such investments.