Limited Partner Consent definition

Limited Partner Consent means the approval or consent in writing of a majority in interest of the Limited Partners, measured by their respective Percentage Shares compared to the total Percentage Shares held by all Limited Partners.

Limited Partner Consent means a letter in the form at Appendix 3 addressed to the Buyers confirming that votes have been cast in favour of the sale and purchase of the Properties pursuant to this Agreement from limited partners of the Partnership holding together at least fifty point zero one per centum (50.01%) of the voting capital of the Partnership;

Limited Partner Consent means the prior written consent of SHF.

Examples of Limited Partner Consent in a sentence

• Winthrop has all requisite power and authority to execute, deliver and, upon receipt of the Limited Partner Consent (as defined in Section 4.1 hereto) perform this Agreement.

• This Agreement has been duly authorized, executed and delivered by Winthrop and, upon the receipt of Limited Partner Consent, this Agreement constitutes the legal, valid and binding obligation of Winthrop enforceable as to it in accordance with its terms, except as the same may be limited by applicable bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance and other similar laws of general application relating to or affecting the rights of creditors.

• Neither this Agreement nor any of the other documents to be executed hereunder may be modified, changed, supplemented or terminated, nor may any obligations hereunder or thereunder be waived, except by written instrument signed by the party to be charged (and in the event Seller is to be charged, with Limited Partner Consent) or as otherwise expressly permitted herein.

• Except for the receipt of Limited Partner Consent, all necessary proceedings of Winthrop have been taken to authorize the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby.

• Any breach of this covenant by Buyer, whether occurring before or after the date of this Agreement, shall constitute a default hereunder by Buyer, in which event Seller (with Limited Partner Consent) may elect to terminate this Agreement by delivering notice to Buyer and Escrow Agent of such election, whereupon this Agreement shall be terminated and the Deposit shall be retained by Seller (and the other provisions of Paragraphs 9(c) and 20(b) of this Agreement shall govern).

More Definitions of Limited Partner Consent

Limited Partner Consent means the written consent of Limited Partners owning more than 50 percent of the Limited Partnership Interests at the time in question.

Limited Partner Consent means the written consent (which may consist of one or more documents each signed by Invest NI or, if Invest NI is not a Limited Partner, a Substitute Investor) of Invest NI or such Substitute Investor(s) who hold Commitments which in aggregate exceed 50% of Total Commitments;

Limited Partner Consent means the approval and adoption of this Agreement and the sale of the Interest by the requisite vote of the limited partners of the Seller in accordance with the Florida Revised Uniform Limited Partnership Act and the Partnership Agreement.

Limited Partner Consent means the consent of the applicable Limited Partners to the transactions contemplated by this Agreement with respect to each Fund Vehicle, to the extent such consent is required by the Fund Governance Documents and/or applicable Law or regulations, in form and substance reasonably acceptable to Buyer and Sellers and, if such consent is required by applicable Law and/or regulations or the Fund Governance Documents, in form and substance required by such Law and/or regulations or the Fund Governance Documents, as applicable.

Limited Partner Consent. Limited Parter Consent has the meaning given such term in Paragraph 6(b) of Article II below.

Limited Partner Consent means the consent of the Limited Partners whose Percentage Interests, in the aggregate, represent more than 50% (or, if otherwise specified, not less than such other specified percentage) of the sum of the aggregate Units of the Limited Partners; provided that the Units of any Limited Partner who also is the General Partner, one of its Affiliates, a Principal and/or an entity controlled by one or more of the Principals shall be deemed to have been voted, consented to, approved and/or abstained in the same manner and proportions as the aggregate interests of the other Limited Partners, and the Units of any Limited Partner who is precluded from any consent pursuant to Sections 4.02(g) or Section 9.05 shall not be counted (and, accordingly, shall also be excluded in calculating the aggregate Units of all Limited Partners), except that, for the avoidance of any doubt, each Feeder Fund, substantially all the equity interests of which are held by Persons not affiliated with the General Partner, shall be counted notwithstanding the fact that such vehicle may be managed by an Affiliate of the General Partner, so long as such unaffiliated equity interest holders direct such vote; provided further, that any reference to a Limited Partner Consent of a specific category of Limited Partner shall have a correlative meaning with respect to such specific category of Limited Partner.

Limited Partner Consent means, subject to any more restrictive majority requirement under the 1915 Law or the RAIF Law, the written consent consisting of one or more documents in like form each signed by one or more Limited Partners and Parallel Fund Limited Partners who, at the time of providing such consent, together represent a majority of the Aggregate Commitments (in each case disregarding the consent, approval or vote relating to any interest held by (i) any Taaleri Person and (ii) a Defaulting Partner or defaulting partner in a Parallel Fund, with the aggregate of such interests being excluded from both the numerator and the denominator).