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 is hereby modified by substituting "50%" in lieu of "66.66%".
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Examples of Limited Partner Approval in a sentence

  • 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.

  • 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.

  • However, the Group’s registered office is owned by Philip Copolo and is leased to P&R pursuant to a lease, further described in paragraph 12.4 of this Part IV.

  • Opinion of Counsel and Limited Partner Approval Our general partner will not be required to obtain an opinion of counsel that an amendment will not result in a loss of limited liability to the limited partners if one of the amendments described above under “–No Limited Partner Approval” should occur.


More Definitions of Limited Partner Approval

Limited Partner Approval means approval to the transaction by over 66.66% of the limited partners of Shopco Regional Malls, L.P.
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

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 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 Units (other than GP 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 shall have the meaning set forth in Section 4.3.B.

  • 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 has the meaning set forth in the Preamble.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) 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 Fifth 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 such 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).