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: Limited Partnership Agreement (Carey Diversified Properties LLC), Agreement of Limited Partnership (Carey Diversified Properties LLC), Agreement of Limited Partnership (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, 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: Agreement of Limited Partnership (Carey Diversified Properties LLC)

Meetings of the Partnership. Meetings of the Partnership may be called by the General Partner and shall will be called by them it upon the written request of Limited Partners holding at least ten percent (10%) or more of the then outstanding Limited Partner Interests, with Units. Such call for a meeting shall be deemed to have been made upon 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, by the General Partner of a written request from the requisite percentage of Limited Partners. The General Partner shall provide each Partnerdeposit in the United States mails, within 10 15 days after receipt of such said request, written notice (either by personal service or certified mail or by express or other overnight delivery service) to all Partners of a the meeting and the purpose of such the meeting. Such meeting , which shall be held on a date, not less than 10 days 30 nor more than 60 days after the receipt date of such requestmailing of said notice, at a reasonable time and place. Included with the Any notice of meeting shall be accompanied by a detailed statement description of the action proposed, including a verbatim statement to be taken at the meeting and an opinion of independent counsel as to the effect of such proposed action on the liability of Limited Partners for the debts of the wording of any resolution proposed for adoption by the Limited Partnership. 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 may vote in person or by Proxyproxy at any such meeting. Notwithstanding any provisions in this Agreement to the contrary, in the event the Partnership is required to comply with Regulation 14A under the Securities Exchange Act of 1934, the General Partner shall constitute a quorum at a meeting of not be required to conform to the Limited Partners. To time provisions set forth in the preceding paragraph to the extent not consistent that such provisions are insufficient to enable compliance 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 Actsuch Regulation.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Prudential Bache Diversified Futures Fund L P)

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 of Limited Partnership (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: Agreement of Limited Partnership (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, 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: Agreement of Limited Partnership (Carey Diversified Properties LLC)

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