Majority Fund Vote definition

Majority Fund Vote. As defined in Section 11.7.
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Majority Fund Vote means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to more than 50% of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. A “Super Majority Fund Vote” means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (662/3%) or more of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. A “75% Majority Fund Vote” means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to seventy-five percent (75%) or more of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. For purposes of this Section 11.7, (i) each Partner shall be deemed to hold an indirect equity interest in each Property in which the Partnership has an indirect interest in an amount equal to the Partnership’s indirect equity interest in such Property multiplied by the Percentage Interest attributable to all Voting Interests held by such Partner, and (ii) equity interests attributable to Class N Partnership Units, or to any other class of equity interest in any Fund Entity or Property specifically designated as a non-voting interest under the Constituent Documents of the issuer of such equity interest, shall be disregarded.
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Majority Fund Vote means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to more than 50% of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. A "Super Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (66 2/3%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. A "75% Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to seventy-five percent (75%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. For purposes of this Section 11.7, each Partner shall be deemed to hold an indirect equity interest in each Property in which the Partnership has an indirect interest in an amount equal to the Partnership's indirect equity interest in such Property multiplied by the Percentage Interest attributable to all Partnership Interests held by such Partner.
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Examples of Majority Fund Vote in a sentence

  • Any determination of or by the Fund Investors, and the effectiveness, of any Finding of Cause may be rescinded or withdrawn at any time by the Fund Investors by a Majority Fund Vote.

  • A Majority Fund Vote to terminate the Partnership at a special meeting called and held in accordance with the provisions of Section 11.7 and this Section 12.2, shall be deemed a Liquidating Event, following which the Partnership shall be wound up in accordance with Section 12.3.

  • Following a Liquidating Event resulting from a Majority Fund Vote to terminate the Partnership pursuant to Section 12.2, the Managing General Partner shall complete the winding up of the Partnership no later than the second anniversary of the date of the special meeting of Fund Investors at which such vote occurred.

  • A "75% Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to seventy-five percent (75%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties.

  • Following a Liquidating Event resulting from a Majority Fund Vote to terminate the Partnership pursuant to Section 12.2, the General Partner shall complete the winding up of the Partnership no later than the second anniversary of the date of the special meeting of Fund Investors at which such vote occurred.

  • A "Super Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (66 2/3%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties.

  • A "Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to more than 50% of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties.


More Definitions of Majority Fund Vote

Majority Fund Vote. As defined in Section 11.7. “Majority LP Vote”: As defined in Section 11.6(g). “Majority Partner Vote”: As defined in Section 11.6(g). “Management Board”: As defined in Section 5.3(a). “Management Team”: As defined in Section 5.5. “Managing General Partner”: Hines US Core Office Capital LLC, a Delaware limited liability company, and its successors, and any Person hereafter admitted as a general partner designated the Managing General Partner of the Partnership in accordance with the terms of this Agreement. “Managing General Partner Expenses”: As defined in Section 7.1. “Moody’s”: Moody’s Investor Services, Inc. “Non-Managing General Partner”: As defined in Section 5.11(a). “NOP”: National Office Partners Limited Partnership, a limited partnership formed by the State of California Public Employees’ Retirement System and an Affiliate of Hines. “Notice of Redemption”: As defined in Section 3.8 and, as the context requires, as defined in the corresponding provisions of the Constituent Documents of US Core Trust and US Core Properties. “NY Trust”: Hines-Sumisei NY Core Office Trust, a Maryland real estate investment trust, and its successors. “Operating Company”: NY Trust, US Core Trust, US Core Properties, any successor to any of the foregoing, and any Entity hereafter designated an “Operating Company” by the Managing General Partner, subject to the provisions of Section 5.1. “Operating Company Expenses”: As defined in Section 7.5(a). 8
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