Common use of dissolve the Partnership Clause in Contracts

dissolve the Partnership. Limited Partners who do not vote with the majority in interest of the Limited Partners nonetheless will be bound by the majority vote. There are no regularly scheduled meetings of the Limited Partners. The General Partners shall have the right to increase the size of this Offering or conduct an additional Offering of securities without obtaining the consent of the Limited Partners. The General Partners or Limited Partners representing ten percent (10%) of the outstanding Limited Partnership Interest may call a meeting of the Partnership. The General Partners have the power, subject to the provisions of the Partnership Agreement, to change the Partnership's investment objectives. Restrictions on Transferability of Units. The Units will be transferable, but only with the consent of the General Partners, who may withhold their consent to any transfer that could cause or contribute to the characterization of the Partnership as a "publicly traded partnership" (in general, a partnership with frequent transfers of its Units), cause or contribute to the Partnership's violation of federal and state securities laws, otherwise adversely affect the Partnership's tax status, including cause a termination of the Partnership for federal or California tax purposes, or if the assignee and/or assignor fails to comply with certain procedural requirements of transfer, including the failure of the assignee to accept, adopt and approve in writing all the terms and conditions of the Partnership Agreement. It is not anticipated that a public market for the Units will develop.