Common use of Meetings of Fund Investors Clause in Contracts

Meetings of Fund Investors. If this Agreement requires any action be taken by or with the consent of Fund Investors by a Fund Vote, such action may be taken only at a meeting of Fund Investors pursuant to a written notice authorized by a Majority LP Vote to all Fund Investors, which notice shall specify the time and place of such meeting (which shall be not less than 30 Business Days after the date of such notice) and the purpose for which such meeting is called. At any meeting of Fund Investors called pursuant to the preceding sentence, each Fund Investor at such meeting, in person or by proxy, that is not an Affiliate of the General Partner shall be entitled to vote at such meeting on the matters specified in the notice by which such meeting was called. A "Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to more than 50% of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. A "Super Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (66 2/3%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. A "75% Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to seventy-five percent (75%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. For purposes of this Section 11.7, each Partner shall be deemed to hold an indirect equity interest in each Property in which the Partnership has an indirect interest in an amount equal to the Partnership's indirect equity interest in such Property multiplied by the Percentage Interest attributable to all Partnership Interests held by such Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Hines Real Estate Investment Trust Inc), Limited Partnership Agreement (Hines Real Estate Investment Trust Inc)

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Meetings of Fund Investors. If this Agreement requires any action be taken by or with the consent of Fund Investors by a Fund Vote, such action may be taken only at a meeting of Fund Investors pursuant to a written notice authorized by a Majority LP Vote to all Fund Investors, which notice shall specify the time and place of such meeting (which shall be not less than 30 Business Days after the date of such notice) and the purpose for which such meeting is called. At any meeting of Fund Investors called pursuant to the preceding sentence, each Voting Fund Investor at such meeting, in person or by proxy, that is not an Affiliate of the Managing General Partner shall be entitled to vote at such meeting on the matters specified in the notice by which such meeting was called; provided, that each Partner shall be entitled to vote on such matters only to the extent that such Partner holds Voting Interests. A "Majority Fund Vote" means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to more than 50% of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. A "Super Majority Fund Vote" means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (66 2/3662/3%) or more of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. A "75% Majority Fund Vote" means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to seventy-five percent (75%) or more of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. For purposes of this Section 11.7, (i) each Partner shall be deemed to hold an indirect equity interest in each Property in which the Partnership has an indirect interest in an amount equal to the Partnership's ’s indirect equity interest in such Property multiplied by the Percentage Interest attributable to all Partnership Voting Interests held by such Partner, and (ii) equity interests attributable to Class N Partnership Units, or to any other class of equity interest in any Fund Entity or Property specifically designated as a non-voting interest under the Constituent Documents of the issuer of such equity interest, shall be disregarded.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Hines Real Estate Investment Trust Inc), Limited Partnership Agreement (Hines Real Estate Investment Trust Inc)

Meetings of Fund Investors. If this Agreement requires any action be taken by or with the consent of Fund Investors by a Fund Vote, such action may be taken only at a meeting of Fund Investors pursuant to a written notice authorized by a Majority LP Vote to all Fund Investors, which notice shall specify the time and place of such meeting (which shall be not less than 30 Business Days after the date of such notice) and the purpose for which such meeting is called. At any meeting of Fund Investors called pursuant to the preceding sentence, each Voting Fund Investor at such meeting, in person or by proxy, that is not an Affiliate of the Managing General Partner shall be entitled to vote at such meeting on the matters specified in the notice by which such meeting was called; provided, that each Partner shall be entitled to vote on such matters only to the extent that such Partner holds Voting Interests. A "Majority Fund Vote" means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to more than 50% of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. A "Super Majority Fund Vote" means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (66 2/3?%) or more of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. A "75% Majority Fund Vote" means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to seventy-five percent (75%) or more of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. For purposes of this Section 11.7, (i) each Partner shall be deemed to hold an indirect equity interest in each Property in which the Partnership has an indirect interest in an amount equal to the Partnership's ’s indirect equity interest in such Property multiplied by the Percentage Interest attributable to all Partnership Voting Interests held by such Partner, and (ii) equity interests attributable to Class N Partnership Units, or to any other class of equity interest in any Fund Entity or Property specifically designated as a non-voting interest under the Constituent Documents of the issuer of such equity interest, shall be disregarded.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Hines Real Estate Investment Trust Inc), Limited Partnership Agreement (Hines Real Estate Investment Trust Inc)

Meetings of Fund Investors. If this Agreement requires any action be taken by or with the consent of Fund Investors by a Fund Vote, such action may be taken only at a meeting of Fund Investors pursuant to a written notice authorized by a Majority LP Vote to all Fund Investors, which notice shall specify the time and place of such meeting (which shall be not less than 30 Business Days after the date of such notice) and the purpose for which such meeting is called. At any meeting of Fund Investors called pursuant to the preceding sentence, each Fund Investor at such meeting, in person or by proxy, that is not an Affiliate of the General Partner shall be entitled to vote at such meeting on the matters specified in the notice by which such meeting was called. A "Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to more than 50% of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. A "Super Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (66 2/3%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. A "75% Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to seventy-five percent (75%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. For purposes of this Section 11.7, each Partner shall be deemed to hold an indirect equity interest in each Property in which the Partnership has an indirect interest in an amount equal to the Partnership's indirect equity interest in such Property multiplied by a fraction, the Percentage Interest attributable to all Partnership Interests numerator of which is the number of Units held by such PartnerPartner and the denominator of which is the total number of Units outstanding.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hines Real Estate Investment Trust Inc)

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Meetings of Fund Investors. If this Agreement requires any action be taken by or with the consent of Fund Investors by a Fund Vote, such action may be taken only at a meeting of Fund Investors pursuant to a written notice authorized by a Majority LP Vote to all Fund Investors, which notice shall specify the time and place of such meeting (which shall be not less than 30 Business Days after the date of such notice) and the purpose for which such meeting is called. At any meeting of Fund Investors called pursuant to the preceding sentence, each Voting Fund Investor at such meeting, in person or by proxy, that is not an Affiliate of the Managing General Partner shall be entitled to vote at such meeting on the matters specified in the notice by which such meeting was called; provided, that each Partner shall be entitled to vote on such matters only to the extent that such Partner holds Voting Interests. A "Majority Fund Vote" means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to more than 50% of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. A "Super Majority Fund Vote" means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (66 2/3662/3%) or more of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. A "75% Majority Fund Vote" means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to seventy-five percent (75%) or more of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. For purposes of this Section 11.7, (i) each Partner shall be deemed to hold an indirect equity interest in each Property in which the Partnership has an indirect interest in an amount equal to the Partnership's ’s indirect equity interest in such Property multiplied by the Percentage Interest attributable to all Partnership Voting Interests held by such Partner., and (ii) equity 73

Appears in 1 contract

Samples: Limited Partnership Agreement

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