Common use of Resolutions Binding Clause in Contracts

Resolutions Binding. Any Resolution passed in accordance with this Agreement at a meeting or in writing shall be binding on all Limited Partners and their respective heirs, executors, administrators, other legal representatives, successors and assigns, whether or not such Limited Partners were present or represented by proxy at the meeting at which such Resolution was passed, voted against such Resolution or elected not to sign a Resolution in writing. Minutes of all Resolutions passed and proceedings taken at every meeting of Limited Partners shall be made and recorded in a minute book by the General Partner. Minutes, when signed by the Chairman of the meeting of Limited Partners, shall be prima facie evidence of the matters therein stated and, until the contrary is proved, every such meeting in respect of which minutes shall have been made shall be taken to have been duly held and convened, and all Resolutions passed or proceedings taken as referred to in the minutes shall be deemed to have been duly passed and taken in accordance with this Agreement. The minute book shall be available for inspection by the Limited Partners at all meetings of the Limited Partners and at all other reasonable times during normal business hours at the principal office of the Partnership.

Resolutions Binding. Any Resolution passed in accordance with this Agreement at a meeting or in writing shall be binding on all Limited Ordinary Partners and their respective heirs, executors, administrators, other legal representatives, successors and assigns, whether or not such Limited Ordinary Partners were present or represented by proxy at the meeting at which such Resolution was passed, voted against such Resolution or elected not to sign a Resolution in writing. Minutes of all Resolutions passed and proceedings taken at every meeting of Limited Ordinary Partners shall be made and recorded in a minute book by the General Managing Partner. Minutes, when signed by the Chairman of the meeting of Limited Ordinary Partners, shall be prima facie evidence of the matters therein stated and, until the contrary is proved, every such meeting in respect of which minutes shall have been made shall be taken to have been duly held and convened, and all Resolutions passed or proceedings taken as referred to in the minutes shall be deemed to have been duly passed and taken in accordance with this Agreement. The minute book shall be available for inspection by the Limited Ordinary Partners at all meetings of the Limited Ordinary Partners and at all other reasonable times during normal business hours at the principal office of the Partnership.