Common use of Voting Rights of Limited Partners Clause in Contracts

Voting Rights of Limited Partners. 15.1 The voting rights granted to the Limited Partners in Sections 9.3, 9.9, 13.3, 13.4, and 14.1 hereof are granted pursuant to Section 15507 of the Limited Partnership Act as in effect in the State of California. A Limited Partner shall not be deemed to take part in the control of the Partnership by virtue of his possessing or exercising such voting rights. 15.2 For purposes of taking any action permitted under the Agreement, a Partnership meeting may be called by the General Partners or by the holders of in the aggregate 10% or more of the Limited Partnership Interests outstanding. Upon receipt by the General Partners of a written request, delivered either in person or by registered mail, executed by the holders of 10% or more of the Limited Partnership Interests outstanding and stating the purpose of the meeting, or if a meeting is to be held at the call of the General Partners, in each case the General Partners shall provide all of the Limited Partners, within 10 days after receipt of such request, written notice (either in person or by certified mail) of the meeting and the purpose of such meeting which shall be held on a date not less than 15 nor more than 60 days after receipt of such request, at a time and place (within the state and county of the principal office of the Partnership) as shall be selected by the General Partners, convenient to the Partners.

Appears in 1 contract

Samples: Restated Certificate and Agreement of Limited Partnership (Real Estate Associates LTD Vii)

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Voting Rights of Limited Partners. 15.1 The voting rights granted to the Limited Partners in Sections 9.3, 9.99.9(d), 13.3, ; 13.4, and 14.1 hereof are granted pursuant to Section 15507 of the Limited Partnership Act as in effect in the State of California. A Limited Partner shall not be deemed to take part in the control of the Partnership by virtue of his possessing or exercising such voting rights. 15.2 For purposes of taking any action permitted under the Agreement, a Partnership meeting may be called by the General Partners or by the holders of in the aggregate 10% or more of the Limited Partnership Interests outstanding. Upon receipt by the General Partners of a written request, delivered either in person or by registered mail, executed by the holders of 10% or more of the Limited Partnership Interests outstanding and stating the purpose of the meeting, or if a meeting is to be held at the call of the General Partners, in each case the General Partners shall provide all of the Limited Partners, within 10 days after receipt of such request, written notice (either in person or by certified mail) of the meeting and the purpose of such meeting which shall be held on a date not less than 15 nor more than 60 days after receipt of such request, at a time and place (within the state and county of the principal office of the Partnership) as shall be selected by the General Partners, convenient to the Partners.

Appears in 1 contract

Samples: Restated Certificate and Agreement of Limited Partnership (Real Estate Associates LTD Iv)

Voting Rights of Limited Partners. 15.1 The voting rights granted to the Limited Partners in Sections Section 9.3, 9.99.9(d), 13.3, 13.4, and 14.1 hereof are granted pursuant to Section 15507 of the Limited Partnership Act as in effect in the State of California. A Limited Partner shall not be deemed to take part in the control of the Partnership by virtue of his possessing or exercising such voting rights. 15.2 For purposes of taking any action permitted under the Agreement, a Partnership meeting may be called by the General Partners or by the holders of in the aggregate 10% or more of the Limited Partnership Interests outstanding. Upon receipt by the General Partners of a written request, delivered either in person or by registered mail, executed by the holders of 10% or more of the Limited Partnership Interests Units outstanding and stating the purpose of the meeting, or if a meeting is to be held at the call of the General Partners, in each case the General Partners shall provide all of the Limited Partners, within 10 days after receipt of such request, written notice (either in person or by certified mail) of the meeting and the purpose of such meeting which shall be held on a date not less than 15 nor more than 60 days after receipt of such request, at a time and place (within the state and county of the principal office of the Partnership) as shall be selected by the General Partners, convenient to the Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Real Estate Associates LTD Ii)

Voting Rights of Limited Partners. 15.1 The voting rights granted to the Limited Partners in Sections 9.3, 9.99.9(b), 9.9(d), 9.9(e), 13.3, 13.4, and 14.1 hereof are granted pursuant to Section 15507 of the Limited Partnership Act as in effect in the State of California. A Limited Partner shall not be deemed to take part in the control of the Partnership by virtue of his possessing or exercising such voting rights. 15.2 For purposes of taking any action permitted under the Agreement, a Partnership meeting may be called by the General Partners or by the holders of in the aggregate 10% or more of the Limited Partnership Interests outstanding. Upon receipt by the General Partners of a written request, delivered either in person or by registered mail, executed by the holders of 10% or more of the Limited Partnership Interests outstanding and stating the purpose of the meeting, or if a meeting is to be held at the call of the General Partners, in each case the General Partners shall provide all of the Limited Partners, within 10 days after receipt of such request, written notice (either in person or by certified mail) of the meeting and the purpose of such meeting which shall be held on a date not less than 15 nor more than 60 days after receipt of such request, at a time and place (within the state and county of the principal office of the Partnership) as shall be selected by the General Partners, convenient to the Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Real Estate Associates LTD Vi)

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Voting Rights of Limited Partners. 15.1 The voting rights granted to the Limited Partners in Sections 9.3, 9.99.9(d), 13.3, 13.4, and 14.1 hereof are granted pursuant to Section 15507 of the Limited Partnership Act as in effect in the State of California. A Limited Partner shall not be deemed to take part in the control of the Partnership by virtue of his possessing or exercising such voting rights. 15.2 For purposes of taking any action permitted under the Agreement, a Partnership meeting may be called by the General Partners or by the holders of in the aggregate 10% or more of the Limited Partnership Interests outstanding. Upon receipt by the General Partners of a written request, delivered either in person or by registered mail, executed by the holders of 10% or more of the Limited Partnership Interests outstanding and stating the purpose of the meeting, or if a meeting is to be held at the call of the General Partners, in each case the General Partners shall provide all of the Limited Partners, within 10 days after receipt of such request, written notice (either in person or by certified mail) of the meeting and the purpose of such meeting which shall be held on a date not less than 15 nor more than 60 days after receipt of such request, at a time and place (within the state and county of the principal office of the Partnership) as shall be selected by the General Partners, convenient to the Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Real Estate Associates LTD Iii)

Voting Rights of Limited Partners. 15.1 The voting rights granted to the Limited Partners in Sections Section 9.3, 9.99.9(d), 13.3, 13.4, and 14.1 hereof are granted pursuant to Section 15507 of the Limited Partnership Act as in effect in the State of California. A Thus, under the laws of the State of California, a Limited Partner shall not be deemed to take part in the control of the Partnership by virtue of his possessing or exercising such voting rights. 15.2 For purposes of taking any action permitted under the Agreement, a Partnership meeting may be called by the General Partners or by the holders of in the aggregate 10% or more of or the Limited Partnership Interests Units outstanding. Upon receipt by the General Partners of a written request, delivered either in person or by registered mail, executed by the holders of 10% or more of the Limited Partnership Interests Units outstanding and stating the purpose of the meeting, or if a meeting is to be held at the call of the General Partners, in each case the General Partners shall provide all of the Limited Partners, within 10 days after receipt of such request, written notice (either in person or by certified mail) of the meeting and the purpose of such meeting which shall be held on a date not less than 15 nor more than 60 days after receipt of such request, at a time and place (within the state and county of the principal office of the Partnership) as shall be selected by the General Partners, convenient to the Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Real Estate Associates LTD/Ca)

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