Common use of Deemed Assent Clause in Contracts

Deemed Assent. The failure of a Limited Partner to respond, within the response period set forth in the request in question, either in the affirmative or in the negative to any request it receives from the General Partner relating to a proposed act in respect of which such Limited Partner is entitled to vote pursuant to this Agreement shall conclusively be deemed for all purposes to be a vote by such Limited Partner in favor of the act proposed by the General Partner.