Examples of LP Vote in a sentence
If this Agreement requires any action be taken by or with the consent of Fund Investors by a Fund Vote, such action may be taken only at a meeting of Fund Investors pursuant to a written notice authorized by a Majority LP Vote to all Fund Investors, which notice shall specify the time and place of such meeting (which shall be not less than 30 Business Days after the date of such notice) and the purpose for which such meeting is called.
The Partnership will not make any distribution in kind without the approval of the Limited Partners by a Majority LP Vote, except for distributions of publicly-traded securities made with the Advisory Committee’s approval pursuant to Section 5.4 hereof.
Regent Brooks stated he trusts Regent Geddes’ guidance and, for expediency, the Board should move forward.
The Managing General Partner, or if there is no Managing General Partner, a liquidator appointed by a Majority LP Vote, shall be the liquidator to wind up the affairs of the Partnership and to manage the Partnership’s assets during the winding up.
The Partnership will not make any distribution in kind without the approval of the Limited Partners by a Majority LP Vote, except for distributions of publicly-traded securities made with the Advisory Committee's approval pursuant to Section 5.4 hereof.
A “75% Majority LP Vote” means the affirmative vote or consent of Limited Partners holding Voting Interests representing seventy-five percent (75%) or more of the Percentage Interests attributable to Voting Interests held by the Limited Partners on the record date set for an LP Vote.
The General Partner, or if there is no general partner, a liquidator appointed by a Majority LP Vote, shall be the liquidator to wind up the affairs of the Partnership and to manage the Partnership's assets during the winding up.
A “Majority LP Vote” means the affirmative vote or consent of Limited Partners holding Voting Interests representing more than fifty percent (50%) of the Percentage Interests attributable to Voting Interests held by the Limited Partners on the record date set for an LP Vote.
A “Super Majority LP Vote” means the affirmative vote or consent of Limited Partners holding Voting Interests representing sixty-six and two-thirds percent (662/3%) or more of the Percentage Interests attributable to Voting Interests held by the Limited Partners on the record date set for an LP Vote.
Where any vote of Limited Partners is required under this Agreement but the Percentage Interest required to act is not specifically stated, such action shall be approved by Majority LP Vote.