Partners’ Approvals Sample Clauses

Partners’ Approvals. Subject to the fiduciary duties of the general partner of PSIL under applicable law, PSIL shall, as promptly as practicable, submit this Agreement and the Transactions for the approval and adoption by the holders of a majority of its partnership interests which are not held by the Principal or any of his affiliates (the “PSIL Partners’”), at a meeting of its partners (the “PSIL Partners’ Approval”). Such meeting of partners shall be held as soon as practicable, and shall be referred to herein as the “Partners’ Meeting.” PSIL shall provide written notice of the Partners’ Meeting to the PSIL Partners, and conduct the Partners’ Meeting, in compliance with all applicable partnership law and Securities Law. All notices to be provided to the PSIL Partners with respect to the Partners’ Meeting or related to the Transactions shall be provided to Parent and Newco for their review at least two (2) business days before their transmittal.