Common use of Meeting of Partners Clause in Contracts

Meeting of Partners. The Managing Partner may at any time call a meeting of the Partners or for a vote, without a meeting, of the Partners on matters upon which the Partners are entitled to vote, and shall call for such a meeting or vote upon receipt of a Notification therefor of the Limited Partnership. Within 15 days of the receipt of the Notification, the Managing Partner shall notify all Partners of record as of the date of the Notification as to the time and place of the meeting, if called, and the general nature of the business to be transacted thereat, or if no such meeting has been called, of the matter or matters to be voted upon and the date upon which the votes will be counted. Any NPI Partnership meeting or the date upon which such votes, without a meeting, will be counted (regardless of whether the Managing Partner has called for such meeting or vote upon the request of Limited Partnership or have initiated such event without such request) shall be not less than 30 or more than 60 days following mailing of the Notification thereof by the Managing Partner. All expenses of the meetings, voting and such Notification shall be borne by the NPI Partnership.