Approval of the Limited Partners definition

Approval of the Limited Partners means the written approval of the Limited Partner(s) owning a majority of the Percentage Interests owned by the Limited Partners. Bankruptcy means, for any Partner, that Partner‟s taking or acquiescing in the taking of an action seeking relief under, or advantage of, an applicable debtor relief, liquidation, receivership, conservatorship, bankruptcy, moratorium, rearrangement, insolvency, reorganization, or similar law affecting the rights or remedies of creditors generally, as in effect from time to time (the term “acquiescing” including, without limitation, the failure to file, within ten (10) days after its entry, a petition, answer, or motion to vacate or to discharge an order, judgment, or decree providing for any such relief).
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Approval of the Limited Partners means a resolution of the Limited Partners that is approved as follows:
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Approval of the Limited Partners or “Approved by the Limited Partners” means the approval of the Limited Partners who, at the time that the Fund action is being considered for approval, own more than 50% of the Interests of all of the Limited Partners, including the Interests of any General Partner to the extent of such General Partner's Interests as a Limited Partner.
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Examples of Approval of the Limited Partners in a sentence

  • Additional Funds may be obtained by the Partnership, at the election of the General Partner, in any manner provided in, and in accordance with, the terms of this Section 3.02 and, except as otherwise provided herein, without the Approval of the Limited Partners.

  • The Partnership may not merge, consolidate or combine with or into any other Person without the Approval of the Limited Partners.

  • The Non-Affiliate Limited Partners, if any, shall, upon Approval of the Limited Partners, appoint a Limited Partner to be the limited partner representative of the Non-Affiliate Limited Partners (the “Limited Partner Representative”) for the purposes set forth in this Agreement.

  • In the event that the parties are unable to agree upon a Qualified Appraiser, the former General Partner and the Limited Partners, by Approval of the Limited Partners, each shall select a Qualified Appraiser.

  • Such fair market value shall be determined in accordance with this Section 6.04(b) by a Qualified Appraiser mutually agreed upon by the former General Partner and the Approval of the Limited Partners (the “Approved Appraiser”) within 10 days following the date the Limited Partners shall elect to continue the business of the Partnership (the “Election Date”).

  • Upon any breach by the Partnership or by any Affiliate of the General Partner of the terms of any contract between the Partnership and any Affiliate of the General Partner (an “Affiliate Contract”) which breach has a material adverse effect on the business of the Partnership, the Limited Partners by and through the Limited Partner Representative and upon Approval of the Limited Partners may prosecute the rights of the Partnership under such Affiliate Contract.

  • This Agreement may not be amended without the prior written consent of the General Partner and the Approval of the Limited Partners, except that the General Partner may amend and update the Partnership Agreement to reflect admissions, substitutions or withdrawals of Partners upon the issuance, redemption or transfer of Units without the Approval of the Limited Partners.

  • The General Partner may admit additional General Partners or substitute General Partners to the Fund with the Approval of the Limited Partners.

  • Advisory Committee approval, however, shall not be a substitute for the requirement to obtain the Approval of the Limited Partners as set forth in Sections 7.04, 9.03, 10.02, 10.03 of the Fund Agreement or the requirement to obtain a Limited Partner’s consent prior to the effectiveness of any amendment or modification of the Fund Agreement described in the second sentence of Section 14.07 of the Fund Agreement.

  • If the Limited Partners elect to continue the business of the Partnership, and there is then no General Partner, a substitute General Partner shall be elected on the written Approval of the Limited Partners, but if no substitute General Partner shall be elected and commence to serve as such within thirty (30) days after the effective date of the election to continue, the Partnership shall be wound up under Section 12.3, notwithstanding the election to continue.

Related to Approval of the Limited Partners

  • Consent of the Limited Partners means the Consent of a Majority in Interest of the Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and may be given or withheld by a Majority in Interest of the Limited Partners, unless otherwise expressly provided herein, in their sole and absolute discretion.

  • Majority in Interest of the Limited Partners means Limited Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3.

  • Member of the University Community means any person who is a volunteer including high school students, an enrolled student, faculty or staff member, University official, any other person employed by the University or campus visitors.

  • Urban Coordinating Council Empowerment Neighborhood means a neighborhood given priority access to State resources through the New Jersey Redevelopment Authority.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it pursuant to Section 5.2), the General Partner (with respect to the Incentive Distribution Rights) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Hosting Partners means companies who entered into an agreement with CIPC in the areas of application management; application hosting, application service provision, and marketplace hosting are incorporated in this category.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Vote Limited Member means any Member who beneficially owns 5% or more of the outstanding Class A shares (excluding Masterworks Shares) submits a Vote Limit Certificate to the Board which designates such Member as a Vote Limited Member, either separately or jointly with one or more other Members.

  • GS shall have the meaning assigned to such term in the preamble to this Agreement.

  • Commercial Partners means any third party with whom a contract is lawfully concluded for the exploitation of the Commercial Rights;

  • Certificate of Limited Partnership means the Certificate of Limited Partnership of the Partnership filed with the Secretary of State of the State of Delaware as referenced in Section 7.2, as such Certificate of Limited Partnership may be amended, supplemented or restated from time to time.

  • College board means the state board for community and

  • Consent of the Partners means the Consent of Partners, other than the Preferred Limited Partners, holding Percentage Interests that in the aggregate are equal to or greater than a majority of the aggregate Percentage Interests of all Partners, other than the Preferred Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and may be given or withheld by such Partners, in their sole and absolute discretion.

  • Organizational Limited Partner means Xxxxx X. Xxxxxxx.

  • Advisory Board means the Long-Term Care Facility Advisory Board;

  • Partnership Representative has the meaning set forth in Section 5.2(a).

  • TPG has the meaning set forth in the preamble.

  • Limited Partners means all such Persons.

  • Limited partnership means a limited partnership registered or formed under any law in force in Singapore or elsewhere;

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • ESC means erosion and sediment control.

  • Additional Limited Partner means a Person admitted to the Partnership as a Limited Partner pursuant to Section 10.4 and who is shown as such on the books and records of the Partnership.

  • Canadian Investment Manager designation means the designation earned through the Canadian investment manager program prepared and administered by CSI Global Education Inc. and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.