Dissolution of Trading Vehicle; Removal of Managing Member/General Partner of Trading Vehicle. (1) To the extent that a Trading Vehicle’s organizational documents provide for flow-through voting rights, permitting a majority of the beneficial owners of the Trading Vehicle’s investors to dissolve such Trading Vehicle and/or replace the managing member, general partner or other managing entity of such Trading Vehicle, a Majority of Units of the Partnership may elect to submit such matter to a vote of the beneficial owners of the investors in such Trading Vehicle. Upon receipt by the General Partner of a notice setting forth an election to replace the Trading Vehicle’s managing member, general partner or other managing entity, as applicable, or dissolve the Trading Vehicle, by Limited Partners holding not less than a Majority of Units, the General Partner shall take such actions on behalf of the Partnership, as an investor in such Trading Vehicle, to cause the Trading Vehicle to put the issue to a vote in accordance with the applicable organizational documents. For the purpose of this Section 15(f), “
Appears in 8 contracts
Samples: Limited Partnership Agreement (Morgan Stanley Smith Barney Spectrum Strategic Lp), Limited Partnership Agreement (Morgan Stanley Smith Barney Spectrum Select Lp), Limited Partnership Agreement (Morgan Stanley Smith Barney Charter Aspect L.P.)
Dissolution of Trading Vehicle; Removal of Managing Member/General Partner of Trading Vehicle. (1) To the extent that a Trading Vehicle’s organizational documents provide for flow-through voting rights, permitting a majority of the beneficial owners of the Trading Vehicle’s investors to dissolve such Trading Vehicle and/or replace the managing member, general partner or other managing entity of such Trading Vehicle, a Majority of Units of the Partnership may elect to submit such matter to a vote of the beneficial owners of the investors in such Trading Vehicle. Upon receipt by the General Partner of a notice setting forth an election to replace the Trading Vehicle’s managing member, general partner or other managing entity, as applicable, or dissolve the Trading Vehicle, by Limited Partners holding not less than a Majority of Units, the General Partner shall take such actions on behalf of the Partnership, as an investor in such Trading Vehicle, to cause the Trading Vehicle to put the issue to a vote in accordance with the applicable organizational documents. For the purpose of this Section 15(f16(f), “
Appears in 3 contracts
Samples: Limited Partnership Agreement (Ceres Classic L.P.), Limited Partnership Agreement (Managed Futures Premier Graham L.P.), Limited Partnership Agreement (Managed Futures Premier Graham L.P.)
