Majority in Interest of Limited Partners definition

Majority in Interest of Limited Partners means those Limited Partners whose combined Basic Capital Contributions constitute more than fifty percent (50%) of the aggregate Basic Capital Contributions of all the Limited Partners.

Majority in Interest of Limited Partners means those Limited Partners who at the time of any determination of a majority have 59.5% or more of the combined Partnership Interest of the Partnership.

Majority in Interest of Limited Partners means those Limited Partners whose Sharing Ratios aggregate more than fifty percent (50%) of the Sharing Ratios of all Limited Partners.

Examples of Majority in Interest of Limited Partners in a sentence

• The General Partner shall periodically update the Budget and Development Plan, as approved by a Majority in Interest of Limited Partners, and provide copies thereof to the other Limited Partners.

• With the consent of a Majority in Interest of Limited Partners of the Partnership, to provide Bridge Financing on the terms and subject to the conditions set forth in Section 4.1 to Portfolio Companies and to borrow funds and provide guarantees in the name and on behalf of the Partnership in connection therewith solely in order to facilitate or expedite the closing of investments in Portfolio Securities.

• Except as set forth below, no Limited Partner shall sell, assign, transfer, encumber, or otherwise dispose of any interest in the Partnership without the written consent of the General Partner and a Majority in Interest of Limited Partners.

• Once approved by a Majority in Interest of Limited Partners, such approved Annual Budget for the period of time covered thereby shall be binding upon the Partners unless otherwise mutually agreed.

• If they elect to continue the Partnership, the Partners shall also by vote of the Majority in Interest of Limited Partners elect a new general partner.

• This study consider the positivism approach as it’s most appropriate for quantitative sort of research.

• Amendments to this Agreement may be proposed by the General Partner or by a Majority in Interest of Limited Partners.

• The General Partner shall submit any such proposed amendment to all of the Partners, and, if within such reasonable period of time as may be specified in the proposal, a Majority in Interest of Limited Partners and the General Partner shall have given their written consent to the amendment, the proposed amendment shall become effective as of the date specified in the proposal.

• The General Partner may not, without the approval of a Majority in Interest of Limited Partners, transfer its Partnership Interest or any part thereof.

• Any such liquidator may receive compensation as shall be fixed, from time to time, by the General Partner or a Majority in Interest of Limited Partners, as the case may be.

More Definitions of Majority in Interest of Limited Partners

Majority in Interest of Limited Partners. One or more Limited Partners who, at the time, are entitled to an aggregate of more than fifty percent (50%) of the Net Profits Sharing Percentages of the Partnership then allocable to the Limited Partners.

Majority in Interest of Limited Partners means the greater of (i) those Limited Partners whose Percentage Interests are, in the aggregate, more than fifty percent (50%) of the Percentage Interests of all Partners, and (ii) those Limited Partners whose interests in profits and capital of the Partnership are, in the aggregate, more than fifty percent (50%) of the profits and capital interests in the Partnership, as determined in accordance with Rev. Proc. 94-46, 1994-2 C.B. 688.