Common use of Meetings of the Partnership Clause in Contracts

Meetings of the Partnership. Meetings of the Partnership may be called by the General Partner and shall be called by them upon the written request of Limited Partners holding ten percent (10%) or more of the then outstanding Limited Partner Interests, with the same proportionate vote as provided in paragraph (d) of Article XI. Upon receipt of such a written request, stating the purpose of the proposed meeting, the General Partner shall provide each Partner, within 10 days of such request, written notice (either by personal service or certified mail or by express or other overnight delivery service) of a meeting and the purpose of such meeting. Such meeting shall be held not less than 10 days nor more than 60 days after the receipt of such request. Included with the notice shall be a detailed statement of the action proposed, including a verbatim statement of the wording of any resolution proposed for adoption by the Limited Partners and of any proposed amendment to the Partnership Agreement. The Partnership will provide for Proxies or written consents which specify a choice between approval or disapproval of each matter to be acted upon at the meeting. Holders of a majority of the Limited Partner Interests entitled to vote, represented in person or by Proxy, shall constitute a quorum at a meeting of the Limited Partners. To the extent not consistent with this Paragraph C, all meetings shall be governed by the provisions of Section 15637 of the Act. The General Partner may establish a record date for any meeting, subject to the limitations of Section 15637(j) of the Act.

Appears in 3 contracts

Samples: Carey Diversified Properties LLC, Carey Diversified Properties LLC, Carey Diversified Properties LLC

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Meetings of the Partnership. Meetings of the Partnership may be called by the General Partner and shall be called by them upon the written request of Limited Partners holding ten percent (10%) or more of the then outstanding Limited Partner Interests, with the same proportionate vote as provided in paragraph (d) of Article XI. Upon receipt of such a written request, stating the purpose of the proposed meeting, the General Partner shall provide each Partner, within 10 days of such request, written notice (either by personal service or certified mail or by express or other overnight delivery service) of a meeting and the purpose of such meeting. Such meeting shall be held not less than 10 days nor more than 60 days after the receipt of such request. Included with the notice shall be a detailed statement of the action proposed, including a verbatim statement of the wording of any resolution proposed for adoption by the Limited Partners and of any proposed amendment to the Partnership Agreement. The Partnership will provide for Proxies or written consents which specify a choice between approval or disapproval of each matter to be acted upon at the meeting. Holders of a majority of the Limited Partner Interests entitled to vote, represented in person or by Proxy, shall constitute a quorum at a meeting of the Limited Partners. To the extent not consistent with this Paragraph C, all meetings shall be governed by the provisions of Section 15637 of the Act. The General Partner may establish a record date for any meeting, subject to the limitations of Section 15637(j) of the Act.

Appears in 1 contract

Samples: Carey Diversified Properties LLC

Meetings of the Partnership. Meetings of the Partnership may be called by the General Partner and shall be called by them it upon the written request of Limited Partners holding ten percent (10%) or more of the then outstanding Limited Partner Interests, with the same proportionate vote as provided in paragraph (d) of Article XI. Upon receipt of such a written request, stating the purpose of the proposed meeting, the General Partner shall provide each Partner, within 10 days of such request, written notice (either by personal service or certified mail or by express or other overnight delivery service) of a meeting and the purpose of such meeting. Such meeting shall be held not less than 10 15 days nor more than 60 days after the receipt of such requestrequest at a time and place convenient to the Limited Partners as specified in the written notice of the meeting. Included with the notice shall be a detailed statement of the action proposed, including a verbatim statement of the wording of any resolution proposed for adoption by the Limited Partners and of any proposed amendment to the Partnership this Agreement. The Partnership will provide for Proxies or written consents approvals which specify a choice between approval or and disapproval of each matter to be acted upon at the meeting. Holders of a majority of the Limited Partner Interests entitled to vote, vote represented in person or by Proxy, shall constitute a quorum at a meeting of the Limited Partners. To the extent not consistent with this Paragraph C, all meetings shall be governed by the provisions of Section 15637 of the Act. The General Partner may establish a record date for any meeting, subject to the limitations of Section 15637(j) of the Act.

Appears in 1 contract

Samples: Agreement (Carey Diversified Properties LLC)

Meetings of the Partnership. Meetings of the Partnership may be called by the General Partner and shall be called by them upon the written request of Limited Partners holding ten percent (10%) or more of the then outstanding Limited Partner Interests, with the same proportionate vote as provided in paragraph (d) of Article XI. Upon receipt of such a written request, stating the purpose of the proposed meeting, the General Partner shall provide each Partner, Partner within 10 days of such request, written notice (either by personal service or certified mail or by express or other overnight delivery service) of a meeting and the purpose of such meeting. Such meeting shall be held not less than 10 days nor more than 60 days after the receipt of such request. Included with the notice shall be a detailed statement of the action proposed, including a verbatim statement of the wording of any resolution proposed for adoption by the Limited Partners and of any proposed amendment to the Partnership Agreement. The Partnership will provide for Proxies or written consents which specify a choice between approval or disapproval of each matter to be acted upon at the meeting. Holders of a majority of the Limited Partner Interests entitled to vote, represented in person or by Proxy, shall constitute a quorum at a meeting of the Limited Partners. To the extent not consistent with this Paragraph C, all meetings shall be governed by the provisions of Section 15637 of the Act. The General Partner may establish a record date for any meeting, subject to the limitations of Section 15637(j) of the Act.

Appears in 1 contract

Samples: Carey Diversified Properties LLC

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Meetings of the Partnership. Meetings of the Partnership may be called by the General Partner and shall be called by them upon the written request of Limited Partners holding ten percent (10%) or more of the then outstanding Limited Partner Interests, with the same proportionate vote as provided in paragraph (d) of Article XI. Upon receipt of such a written request, stating the purpose of the proposed meeting, the General Partner shall provide each Partner, within 10 days of such request, written notice (either by personal service or certified mail or by express or other overnight delivery service) of a meeting and the purpose of such meeting. Such meeting shall be held not less than 10 days nor more than 60 days after the receipt of such request. Included with the notice shall be a detailed statement of the action proposed, including a verbatim statement of the wording of any resolution proposed for adoption by the Limited Partners and of any proposed amendment to the Partnership Agreement. The Partnership will provide for Proxies or written consents which specify a choice between approval or disapproval of each matter to be acted upon at the meeting. Holders of a majority of the Limited Partner Interests limited partner interests entitled to vote, represented in person or by Proxy, shall constitute a quorum at a meeting of the Limited Partners. To the extent not consistent with this Paragraph C, all meetings shall be governed by the provisions of Section 15637 of the Act. The General Partner may establish a record date for any meeting, subject to the limitations of Section 15637(j) of the Act.

Appears in 1 contract

Samples: Carey Diversified Properties LLC

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