Common use of Conditions to Action by Limited Partners Clause in Contracts

Conditions to Action by Limited Partners. The right of the Limited Partners to vote to amend this Agreement or to approve or initiate the taking of, or take, any other action at any meeting of Partners will not come into existence or be effective in any manner unless and until, prior to the exercise of any right or the taking of any action, the Partnership has received an opinion of counsel advising the Limited Partners (at the expense of the Partnership) as to the effect that the exercise of those rights or the taking of those actions may have on the limited liability of any Limited Partners other than those Limited Partners who have initiated that action, each of whom expressly acknowledges that the exercise of the right or the taking of the action may subject each of those Limited Partners to liability as a general partner under the Act or similar legislation in Canada.

Conditions to Action by Limited Partners. The right of the Limited Partners to vote to amend this Agreement or to approve or initiate the taking of, or take, any other action at any meeting of Partners will not come into existence or be effective in any manner unless and until, prior to the exercise of any right or the taking of any action, the Partnership has received an opinion of counsel advising the Limited Partners (at the expense of the Partnership) as to the effect that the exercise of those rights or the taking of those actions may have on the limited liability of any Limited Partners other than those Limited Partners who have initiated that action, each of whom expressly acknowledges that the exercise of the right or the taking of the action may subject each of those Limited Partners to liability as a general partner under the Act or similar legislation in CanadaAct.

Conditions to Action by Limited Partners. The right of the Limited Partners to vote to amend this Agreement Agreement, to dissolve the Partnership or to remove the General Partner and to admit a replacement therefor or to exercise any of the powers set forth in Section 9.17 or to approve or initiate the taking of, or take, take any other action at any meeting of Partners will shall not come into existence or be effective in any manner unless and until, prior to the exercise of any such right or the taking of any such action, the Partnership has received an opinion of counsel advising the Limited Partners (at the expense of the Partnership) as to the effect that the exercise of those such rights or the taking of those such actions may have on the limited liability of any Limited Partners other than those Limited Partners who have initiated that such action, each of whom expressly acknowledges that the exercise of the such right or the taking of the such action may subject each of those such Limited Partners to liability as a general partner under the Act or similar legislation in Canada.

Conditions to Action by Limited Partners. The right of the Limited Partners to vote to amend this Agreement Agreement, to dissolve the Partnership or to remove the General Partner and to admit a replacement therefor or to exercise any of the powers set forth in Section 9.17 or to approve or initiate the taking of, or take, take any other action at any meeting of Partners will shall not come into existence or be effective in any manner unless and until, prior to the exercise of any such right or the taking of any such action, the Partnership has received an opinion of counsel advising the Limited Partners (at the expense of the Partnership) as to the effect that the exercise of those such rights or the taking of those such actions may have on the limited liability of any Limited Partners other than those Limited Partners who have initiated that such action, each of whom expressly acknowledges that the exercise of the such right or the taking of the such action may subject maysubject each of those such Limited Partners to liability as a general partner under the Act or similar legislation in Canada.