Voting Rights of the Limited Partners Sample Clauses

Voting Rights of the Limited Partners. Subject to Section 16.3, the Limited Partners, acting by Consent of the Majority Interest or by vote of the Majority Interest at a meeting duly called for such purpose, may take the following actions without the concurrence of the General Partner:
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Voting Rights of the Limited Partners. 16.01(a).
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Voting Rights of the Limited Partners. (a) The Limited Partners shall have the right, by a vote of Eighty Percent (80%) in interest to effect the following:
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Voting Rights of the Limited Partners. (a) Subject to the provisions of Sections 12.4 and 7.5(b) hereof, upon the affirmative vote of the holders of a majority of the then outstanding Units, the Limited Partners may, without the necessity of concurrence by the General Partner, (i) amend this Agreement, (ii) dissolve the Partnership, (iii) remove the General Partner, (iv) approve or disapprove a sale of all or substantially all of the Equipment, and (v) elect a successor General Partner to continue the Partnership upon the occurrence of any of the events set forth in Section 13.1(a)(i) or 13.1(a)(iii) herein. (b) The voting rights specifically granted to the Limited Partners by this Agreement are intended to be, and shall be, exclusive: other than as explicitly set forth in this Agreement, the Limited Partners shall have no voting rights with respect to the management or operation of the Partnership. Other than as restricted by the voting rights specifically set forth in this Agreement, the General Partner shall exercise its rights and powers as general partner of the Partnership, within the authority granted to it hereby, without the necessity of obtaining any consent or approval of the Limited Partners therefor. 8.4 VOTING OF UNITS BY THE GENERAL PARTNER With respect to any Units owned by the General Partner or any Affiliate of the General Partner, neither the General Partner nor any such Affiliate shall vote such Units on or consent with respect to such Units to proposals submitted to the Limited Partners regarding the removal of the General Partner or regarding any transaction between the Partnership and the General Partner or any Affiliate of the General Partner. For purposes of this Agreement, in determining the requisite percentage of Units necessary to approve a matter on which the General Partner and its Affiliates may not vote or consent pursuant to this Section 8.4, any Units owned by the General Partner or such Affiliate shall not be included. -------------------------------------------------------------------------------- ARTICLE IX SUCCESSION OF GENERAL PARTNER -------------------------------------------------------------------------------- 9.1 ADMISSION OF SUCCESSOR OR ADDITIONAL GENERAL PARTNERS (a) With the Consent of the holders of a majority of the then outstanding Units, the General Partner may at any time designate one or more Persons to be successors to the General Partner or to be an additional General Partner, in each case with the participation in the General Partner's i...
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Voting Rights of the Limited Partners. (a) A Majority of the Limited Partners may: (i) elect a liquidating trustee to act as provided in Section 12.2 if, at the time of dissolution and winding-up of the Partnership, the General Partner is not authorized to act as such; (ii) elect to continue the business of the Partnership and designate one or more substituted General Partner upon and within 90 days after a dissolution caused by an event described in Section 12.1(e), (f) or (g); (iii) approve any amendment to this Agreement to the extent required pursuant to Section 13.3; and (iv) consent or withhold consent with respect to such matters (in addition to those described in this Section 8.4(a)) as the Limited Partners may consent to under the provisions of this Agreement or, under the Act, must give consent to in order for the General Partner's actions to be authorized.
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Related to Voting Rights of the Limited Partners

  • Voting Rights of Members The Members shall have voting rights as defined by the Membership Voting Interest of such Member and in accordance with the provisions of this Agreement. Members do not have a right to cumulate their votes for any matter entitled to a vote of the Members, including election of Directors.

  • Rights of Limited Partners Except as otherwise provided in this Agreement, each Limited Partner shall look solely to the assets of the Partnership for the return of its Capital Contributions and shall have no right or power to demand or receive property other than cash from the Partnership. Except as otherwise provided in this Agreement, no Limited Partner shall have priority over any other Partner as to the return of its Capital Contributions, distributions, or allocations.

  • Outside Activities of the Limited Partners Subject to the provisions of Section 7.5, which shall continue to be applicable to the Persons referred to therein, regardless of whether such Persons shall also be Limited Partners, any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct competition with the Partnership Group. Neither the Partnership nor any of the other Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner.

  • Rights of Partners Except as otherwise provided in this Agreement, the Partners shall look solely to the assets of the Partnership for the return of their capital contributions and shall have no right or power to demand or receive property other than cash from the Partnership.

  • Right to Acquire Limited Partner Interests (a) Notwithstanding any other provision of this Agreement, if at any time the General Partner and its Affiliates hold more than 80% of the total Limited Partner Interests of any class then Outstanding, the General Partner shall then have the right, which right it may assign and transfer in whole or in part to the Partnership or any Affiliate of the General Partner, exercisable in its sole discretion, to purchase all, but not less than all, of such Limited Partner Interests of such class then Outstanding held by Persons other than the General Partner and its Affiliates, at the greater of (x) the Current Market Price as of the date three days prior to the date that the notice described in Section 15.1(b) is mailed and (y) the highest price paid by the General Partner or any of its Affiliates for any such Limited Partner Interest of such class purchased during the 90-day period preceding the date that the notice described in Section 15.1(b) is mailed.

  • Limitation of Liability of Trustees and Shareholders of the Fund The execution and delivery of this Agreement have been authorized by the Board of the Fund and signed by an authorized officer of such Fund, acting as such, and neither such authorization by the Board nor the execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, and the obligations of this Agreement are not binding upon any of the members of the Board of the Fund, but bind only the property of the Fund as provided in, as applicable, the Fund’s articles of incorporation or declaration of trust.

  • Rights of Members Except as otherwise provided in this Agreement, (a) each Member shall look solely to the assets of the Company for the return of its Capital Contribution, (b) no Member shall have the right or power to demand or receive property other than cash from the Company and (c) except as provided in this Agreement, no Member shall have priority over any other Member as to the return of its Capital Contributions, distributions or allocations.

  • Limitation of Liability of the Trustees and Shareholders of the Fund The trustees of the Fund and the shareholders of any Series shall not be liable for any obligations of the Fund or any Series under this Contract, and Xxxxxxxx Xxxxxxxx agrees that, in asserting any rights or claims under this Contract, it shall look only to the assets and property of the Fund or the particular Series in settlement of such right or claims, and not to such trustees or shareholders.

  • Rights of Unit Holders Except as otherwise provided in this Agreement, each Unit Holder shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Unit Holders shall have no recourse against the Company or any other Unit Holder or Directors.

  • Rights of Stockholders No holder of this Warrant shall be entitled, as a Warrant holder, to vote or receive dividends or be deemed the holder of the Shares or any other securities of the Company which may at any time be issuable on the exercise hereof for any purpose, nor shall anything contained herein be construed to confer upon the holder of this Warrant, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of stock, reclassification of stock, change of par value, consolidation, merger, conveyance, or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or otherwise until the Warrant shall have been exercised and the Shares purchasable upon the exercise hereof shall have become deliverable, as provided herein.

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