Common use of Nature of a Unit Clause in Contracts

Nature of a Unit. The Limited Partner will be entitled to one vote for each Unit held by it in respect of all matters to be voted upon by the Limited Partner. The General Partner is not entitled to any voting rights.

Nature of a Unit. The Limited Partner will be entitled to one (1) vote for each Unit held by it in respect of all matters to be voted upon by the Limited Partner. The General Partner is not entitled to any voting rights.