Common use of Consent of the Partners Clause in Contracts

Consent of the Partners. Notwithstanding Section 5.02 to the contrary, without the consent of all of the Partners, in no event shall the General Partner take any action outside the scope of the purposes of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

AutoNDA by SimpleDocs

Consent of the Partners. Notwithstanding Section 5.02 to the contrary, without the consent of all Limited Partners holding a majority of the PartnersAllocation Percentages of all Limited Partners at such time, in no event shall the General Partner take any action outside the scope of the purposes of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!