Limited Partner Approval definition

Limited Partner Approval means the approval of a majority of the limited partners of Rhino.
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Limited Partner Approval shall have the meaning set forth in Section 8.1(a) hereof. (gg) "Limited Partners" means, collectively, the limited partners and unit holders of Seller. (hh) "Limited Partner Vote" shall have the meaning set forth in Section 8.1(a) hereof. (ii) "Limited Partner Vote Notice" shall have the meaning set forth in Section 8.1(b) hereof. (jj) "Liquor Licenses" means any government licenses, permits, or other authorizations for the sale and/or service of liquor, wine, beer, or other alcoholic beverage at the Hotel. (kk) "Meeting" shall have the meaning set forth in Section 8.1(a) hereof.
Sample 1
Limited Partner Approval means approval to the transaction by limited partners of Shopco Regional Malls, L.P. holding a majority of units in Shopco Regional Malls, L.P."
Sample 1

Examples of Limited Partner Approval in a sentence

  • Any General Partner may be removed by a combination of (i) Minimum Limited Partner Approval, (ii) the unanimous vote of the Directors, and (iii) the appointment of a substituted General Partner who agrees to be bound by all of the terms of this Agreement.

  • The number of Directors may be increased by a vote of a majority of the Independent Directors then in office, up to a maximum number of seven (7), and may be decreased by a vote of a majority of the Independent Directors then in office and a Minimum Limited Partner Approval, but in no event shall it be fewer than the minimum number of directors permitted to corporations organized under the laws of the State of Delaware.

  • PECO shall use reasonable best efforts to obtain the PECO OP Limited Partner Approval as promptly as reasonably practicable following the date of the mailing or delivery, as applicable, of the PECO OP Limited Partner Notice to the PECO OP Limited Partners contemplated by this Section 5.6.

  • This Agreement may be amended only by the written agreement of the parties whose rights are affected by the amendment, provided that any amendment that would increase the compensation to the Adviser hereunder shall require approval of the Fund’s Board and Minimum Limited Partner Approval (as defined in the Partnership Agreement).

  • Subject to Section 5.5, the General Partner shall use reasonable best efforts to obtain from the holders of Partnership Common Units the Partnership Limited Partner Approval.

  • Any increase in the amount of the Management Fee to be paid by the Partnership, whether such increase is proposed in the Investment Advisory Agreement or otherwise, shall require the greater of (i) approval by Partners as required under the 1940 Act; and (ii) Minimum Limited Partner Approval.

  • The execution and delivery of this Agreement and, subject to obtaining Partnership Limited Partner Approval, the consummation of the Transactions and the performance of all of the obligations hereof to be performed by the Partnership have been duly authorized and approved by all requisite limited partnership action.

  • Except as may be provided otherwise herein, the Closing Date shall occur prior to 5:00 p.m., Pacific time, on the seventh (7th) calendar day following delivery of the Limited Partner Vote Notice evidencing the Limited Partner Approval into Escrow, but in no event earlier than December 27, 1996 or later than March 31, 1997, unless the parties hereto agree, each in its sole and absolute discretion, to change the scheduled Closing Date.

  • Amendments Requiring Limited Partner Approval (Excluding General Partners).

  • If the moving party asserts that exigent circumstances make it impossible to comply with this requirement, the moving party shall contact the bailiff of the judge assigned the case for trial to arrange for a conference call, so that the opposing party may respond orally and the court can make an immediate decision.


More Definitions of Limited Partner Approval

Limited Partner Approval is hereby modified by substituting "50%" in lieu of "66.66%".
Sample 1
Limited Partner Approval means approval to the transaction by over 66.66% of the limited partners of Shopco Regional Malls, L.P.
Sample 1

Related to Limited Partner Approval

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

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

  • Limited Partners means all such Persons.

  • General Partner Loan has the meaning provided in Section 5.2(c) hereof.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

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

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

  • Public-private partnership agreement means an agreement

  • General Partner means the Company or its successors as general partner of the Partnership.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • 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.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Organizational Limited Partner means Xxxxx X. Xxxxxxx.

  • Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • GP means Gottbetter & Partners, LLP.

  • Original Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • 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.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).