Common use of Consent of Limited Partners Clause in Contracts

Consent of Limited Partners. By acceptance of a LP Certificate, each Limited Partner expressly approves and agrees that, whenever in this Agreement it is specified that an action may be taken upon the affirmative vote of less than all of the Limited Partners, such action may be so taken upon the concurrence of less than all of the Limited Partners and each present and future Limited Partner shall be bound by the results of such action.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Alliance Capital Management Holding Lp)

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Consent of Limited Partners. By acceptance of a LP CertificateUnit, each Limited Partner expressly approves and agrees that, that whenever in this Agreement it is specified that an action may be taken upon the affirmative vote of less than all of the Limited Partners, such action may be so taken upon the concurrence of less than all of the Limited Partners and each present and future such Limited Partner shall be bound by the results of such action.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Oppenheimer Capital L P /De/), Limited Partnership Agreement (Heartland Partners L P)

Consent of Limited Partners. By acceptance of a LP Unit Certificate, each Limited Partner expressly approves and agrees that, whenever in this Agreement it is specified that an action may be taken upon the affirmative vote of less than all of the Limited Partners, such action may be so taken upon the concurrence of less than all of the Limited Partners and each present and future Limited Partner shall be bound by the results of such action.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Kaneb Pipe Line Partners L P), Limited Partnership Agreement (Kaneb Pipe Line Partners L P)

Consent of Limited Partners. By acceptance of a LP Certificate, each Each Limited Partner hereby expressly approves consents and agrees that, whenever in this Agreement it is specified that an action may be taken upon the affirmative vote or approval of less than all of the Limited Partners, such action may be so taken upon the concurrence of less than all of the Limited Partners and each present and future Limited Partner shall be bound by the results of such action.

Appears in 1 contract

Samples: Limited Partnership Agreement (FFP Real Estate Trust)

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Consent of Limited Partners. By acceptance of a LP CertificateUnit, each Limited Partner expressly approves consents and agrees that, whenever in this Agreement it is specified that an action may be taken upon the affirmative vote of less than all of the Limited Partners, such action may be so taken upon the concurrence of less than all of the Limited Partners and each present and future such Limited Partner shall be bound by the results of such action.

Appears in 1 contract

Samples: Limited Partnership Agreement (Castle Creek Partners L P)

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