Approval of the Partners definition

Approval of the Partners or “Approved by the Partners” means the written approval of the General Partner and those Limited Partners who, at the time the Partnership action is being considered for approval, own at least a majority of the Sharing Percentages owned by all of the Limited Partners.

Approval of the Partners or “Approved by the Partners” means the affirmative approval, determined under Section 6.5, of Partners then entitled to vote who hold in the aggregate more than fifty percent (50%) of the LP Units.

Approval of the Partners or "APPROVED BY THE PARTNERS" means the approval of those Partners (including the General Partner and Affiliates) who have collective ownership interests of at least seventy-five percent (75%) of the aggregate Sharing Percentage of all Partners at the time the proposed Partnership action is being considered for approval.

Examples of Approval of the Partners in a sentence

• The General Partner shall not take any action contemplated by Sections 6222 through 6232 of the Code unless the General Partner has first given the Limited Partners notice of the contemplated action and received the Approval of the Partners to the contemplated action.

• Except as expressly provided in this Agreement (including Section 3.6 and Section 5.1.6.1), this Agreement may be modified or amended only upon the Approval of the Partners.

• In the event of the removal of the General Partner, a successor General Partner ("Successor General Partner") shall be selected by Approval of the Partners.

• Subject to Section 1.6, no Partnership funds, assets, credit, or other resources of any kind or description shall be paid to, or used for the benefit of, any Partner or officer of the Partnership, except as specifically provided in this Agreement or after the Approval of the Partners has been obtained.

• Except as otherwise expressly provided in this Agreement or required by the express provisions of the Act (without regard to future amendment), the requisite vote of the Partners shall be the Approval of the Partners which shall control all decisions for which the vote of the Partners is required hereunder.

More Definitions of Approval of the Partners

Approval of the Partners or “Approved by the Partners” means the approval of those Limited Partners who, together with the General Partner, have collective ownership interests of at least sixty-seven percent (67%) of the aggregate Sharing Percentage of all Partners at the time the proposed Partnership action is being considered for approval.

Approval of the Partners means the Approval of a Majority in Interest of the Partners of the affected classes or series of Partnership Units.

Approval of the Partners means approval by the affirmative vote of the Partner(s) holding a majority (in percentage terms) of the Partner Percentage Interests.

Approval of the Partners means the written approval of those Partners who, at the time the Partnership action is being considered for approval, have at least 51% of the Units of all the Partners.

Approval of the Partners means the written approval of those Partners who, at the time the Partnership action is being considered for approval, have at least 51% of the Units of all the Part­ners.

Approval of the Partners or "Approved by the Partners" shall mean approval by Xxxxxxx General Partner and the holders of a majority of the limited partnership interests in the Partnership not held by Xxxxxxx Limited Partner or Xxxxxxx General Partner.

Approval of the Partners means the approval in writing by the Partners and, unless otherwise expressly provided herein to the contrary, the Partners shall not unreasonably withhold, delay or condition such approval.