Common use of Quorum; Required Vote for Limited Partner Action Clause in Contracts

Quorum; Required Vote for Limited Partner Action. (a) At any meeting of the Limited Partners, the holders of a Unit Majority for which a meeting has been called represented in person or by proxy shall constitute a quorum of such class or series or classes or series unless any such action by the Limited Partners requires approval by holders of a greater percentage of the outstanding Common Units, in which case the quorum shall be such greater percentage. Except as provided by Section 7.12, the submission of matters to Limited Partners for approval shall occur only at a meeting of the Partners duly called and held in accordance with this Agreement at which a quorum is present; provided, however, that the Limited Partners present at a duly called or held meeting at which a quorum is present may continue to transact business until adjournment, notwithstanding the withdrawal of enough Limited Partners to leave less than a quorum, if any action taken (other than adjournment) is approved by the required percentage of Interests specified in this Agreement. In the absence of a quorum any meeting of Limited Partners may be adjourned from time to time by the chairman of the meeting to another place or time. (b) Each outstanding Common Unit shall be entitled to one vote per Common Unit on all matters submitted to a vote of the Limited Partners. Limited Partners shall have no voting rights on any matter not explicitly stated in this Agreement to require a vote of the Limited Partners (even if a right to vote would otherwise be provided under the Act). (c) All matters submitted to Limited Partners for approval shall be determined by a majority of the votes cast by the holders of the outstanding Common Units of the class or series or classes or series entitled to vote unless a greater percentage is required with respect to such matter under the Act or other applicable law, under the rules of any National Securities Exchange on which the Common Units are listed for trading, or under the provisions of this Agreement, in which case the approval of Limited Partners holding outstanding Common Units entitled to vote that in the aggregate represent at least such greater percentage shall be required.

Quorum; Required Vote for Limited Partner Action. (a) At any meeting of the Limited Partners, the The holders of a Unit Majority majority of the Outstanding Limited Partner Interests of the class or classes for which a meeting has been called represented (including Limited Partner Interests deemed owned by the General Partner) represented, in person or by proxy proxy, shall constitute a quorum at a meeting of Limited Partners of such class or series or classes or series unless any such action by the Limited Partners requires approval by holders of a greater percentage of the outstanding Common Unitssuch Limited Partner Interests, in which case the quorum shall be such greater percentage. Except as provided by Section 7.12, the submission of matters to Limited Partners for approval shall occur only at a At any meeting of the Limited Partners duly called and held in accordance with this Agreement at which a quorum is present; provided, howeverthe act of Limited Partners holding Outstanding Limited Partner Interests that in the aggregate represent a majority of the Outstanding Limited Partner Interests entitled to vote and be present in person or by proxy at such meeting shall be deemed to constitute the act of all Limited Partners, unless a greater or different percentage is required with respect to such action under the provisions of this Agreement, in which case the act of the Limited Partners holding Outstanding Limited Partner Interests that in the aggregate represent at least such greater or different percentage shall be required. The Limited Partners present at a duly called or held meeting at which a quorum is present may continue to transact business until adjournment, notwithstanding the withdrawal of enough Limited Partners to leave less than a quorum, if any action taken (other than adjournment) is approved by the required percentage of Outstanding Limited Partner Interests specified in this AgreementAgreement (including Limited Partner Interests deemed owned by the General Partner). In the absence of a quorum any meeting of Limited Partners may be adjourned from time to time by the chairman of the meeting to another place or time. (b) Each outstanding Common Unit shall be entitled to one vote per Common Unit on all matters submitted to a affirmative vote of the Limited Partners. Limited Partners shall have no voting rights on any matter not explicitly stated in this Agreement to require a vote holders of the Limited Partners (even if a right to vote would otherwise be provided under the Act). (c) All matters submitted to Limited Partners for approval shall be determined by at least a majority of the votes cast by the holders of the outstanding Common Units of the class or series or classes or series Outstanding Limited Partner Interests entitled to vote unless a greater percentage is required with respect to at such matter under meeting (including Limited Partner Interests deemed owned by the Act General Partner) represented either in person or by proxy, but no other applicable lawbusiness may be transacted, under the rules of any National Securities Exchange on which the Common Units are listed for trading, or under the provisions of this Agreement, except as provided in which case the approval of Limited Partners holding outstanding Common Units entitled to vote that in the aggregate represent at least such greater percentage shall be requiredSection 13.7.