Description of Units. The Units will represent a Limited Partnership Interest in the Partnership. Units will be evidenced by a certificate of Limited Partnership Interest. Each Unit will represent a Limited Partnership Interest of $100. The Limited Partners representing a majority of the outstanding Limited Partnership Interests, may without the concurrence of the General Partners, vote to take the certain actions including terminating the Partnership, amending the Partnership Agreement, subject to certain limitations, and remove or replace one or all of the General Partners. (See "SUMMARY OF THE LIMITED PARTNERSHIP AGREEMENT").
Appears in 7 contracts
Samples: Subscription Agreement (Redwood Mortgage Investors Viii), Subscription Agreement (Redwood Mortgage Investors Viii), Subscription Agreement (Redwood Mortgage Investors Viii)
