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(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.

Appears in 1 contract

Samples: Real Estate Associates LTD Iii

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Voting Rights of Limited Partners. 15.1 The voting rights granted to the Limited Partners in Sections 9.3, 9.9(d)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.

Appears in 1 contract

Samples: Real Estate Associates LTD Vii

Voting Rights of Limited Partners. 15.1 The voting rights granted to the Limited Partners in Sections Section 9.3, 9.9(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.

Appears in 1 contract

Samples: Real Estate Associates LTD/Ca

Voting Rights of Limited Partners. 15.1 The voting rights granted to the Limited Partners in Sections 9.3, 9.9(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.

Appears in 1 contract

Samples: 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, 9.9(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.

Appears in 1 contract

Samples: 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, 9.9(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.

Appears in 1 contract

Samples: Real Estate Associates LTD Ii

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