Common use of Voting of Limited Partners Clause in Contracts

Voting of Limited Partners. (a) Limited Partners shall have the right to vote upon the matters listed below: (i) Election of a successor General Partner; (ii) Amendment of this Agreement; (iii) The Extension of the term of the Partnership; and (iv) Any matter requiring the vote of the Limited Partners as set out elsewhere in this Agreement or in the Act. (b) Those matters to be voted on by the Limited Partners can be done by written consent. Such a written consent may be utilized at any meeting of the Partners, or it may be utilized in obtaining approval by the Partners without a meeting.

Voting of Limited Partners. (a) Limited Partners shall have the right to vote upon the matters listed below: (i) Election of a successor General Partner; (ii) Amendment of this Agreement; (iii) The Extension of the term of the Partnership; and (iv) Any any matter requiring the vote of the Limited Partners as set out elsewhere in this Agreement or in the Act, including, without limitation, the ability to vote to remove the General Partner upon the affirmative vote of seventy-five percent (75%) in Interest of the Limited Partners. (b) Those matters to be voted on by the Limited Partners can be done by written consent. Such a written consent may be utilized at any meeting of the Partners, or it may be utilized in obtaining approval by the Partners without a meeting.