Common use of Consent of Limited Partners Clause in Contracts

Consent of Limited Partners. Various provisions of this Agreement require or permit the consent, agreement, approval or disapproval, written or otherwise, of the Limited Partners. In any such case, the General Partner shall give all Limited Partners written notice of the action, event or agreement, and if such notice expressly so states, then if the Limited Partner does not indicate its disapproval by written notice to the General Partner within the period of time (not less than 15 days after mailing of the notice) specified in the notice, such Partner shall be deemed to have given its written consent, approval or agreement.

Consent of Limited Partners. Various provisions of this Agreement require or permit the consent, approval, or agreement, approval or disapproval, written or otherwise, of the Limited PartnersPartners or some specific proportion thereof. In any such case, the General Partner shall Partners may give all the Limited Partners written notice of the action, event or agreement, and if such notice expressly so states, then if the that any Limited Partner who does not indicate its disapproval by written notice to the General Partner Partnership within the a specified period of time (not less than 15 90 days after mailing of the notice) specified in the notice, such Partner shall be deemed to have given its consent or approval to the action or event or to have made the agreement referred to in the notice. In such event, any Limited Partner who does not indicate disapproval by written notice to the Partnership within the time specified shall be deemed to have given his written consent, approval approval, or agreement.