Majority in Interest of the Outside Limited Partners means Limited Partners (excluding for this purpose (i) any Limited Partnership Interests held by the Parent or its Subsidiaries, (ii) any Person of which the Parent or its Subsidiaries directly or indirectly owns or controls more than 50% of the voting interests and (iii) any Person directly or indirectly owning or controlling more than 50% of the outstanding interests of the General Partner) holding more than 50% of the outstanding OP Units held by all Limited Partners who are not excluded for the purposes hereof.
Majority in Interest of the Outside Limited Partners means Limited Partners (excluding for this purpose (i) any Limited Partnership Interests held by the General Partner or its Subsidiaries, (ii) any Person of which the General Partner or its Subsidiaries directly or indirectly owns or controls more than 50% of the voting interests and (iii) any Person directly or indirectly owning or controlling more than 50% of the outstanding interests of the General Partner) holding in the aggregate Percentage Interests that are greater than 50% of the aggregate Percentage Interests of all such Limited Partners of all classes who are not excluded for the purpose of granting Consent to the applicable action.
Majority in Interest of the Outside Limited Partners means Outside Limited Partners holding more than 50% of the outstanding OP Units held by all Outside Limited Partners.
Examples of Majority in Interest of the Outside Limited Partners in a sentence
The General Partner may not take any action in contravention of an express prohibition or limitation of this Agreement without the written Consent of a Majority in Interest of the Outside Limited Partners or such other percentage of the Limited Partners as may be specifically provided for under a provision of this Agreement and may not perform any act that would subject a Limited Partner to liability as a general partner in any jurisdiction or any other liability except as provided herein or under the Act.
More Definitions of Majority in Interest of the Outside Limited Partners
Majority in Interest of the Outside Limited Partners means Limited Partners (excluding for this purpose (i) any Limited Partner Interests held by the Company, the General Partner or any Subsidiaries of the Company or the General Partner, (ii) any Person of which the Company or its Subsidiaries directly or indirectly owns or controls more than fifty percent (50%) of the voting interests, and (iii) any Person directly or indirectly owning or controlling more than fifty percent (50%) of the outstanding interests of the General Partner) holding in the aggregate more than fifty percent (50%) of the outstanding Partnership Units held by all Limited Partners who are not excluded for the purposes hereof.
Majority in Interest of the Outside Limited Partners means Limited Partners (excluding for this purpose (i) any Limited Partnership Interests held by SFTY or its Subsidiaries, (ii) any Person of which SFTY or its Subsidiaries directly or indirectly owns or controls more than fifty percent (50%) of the voting interests and (iii) any Person directly or indirectly owning or controlling more than fifty percent (50%) of the outstanding interests of SFTY) holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all such Limited Partners of all classes who are not excluded for the purpose of granting Consent to the applicable action.
Majority in Interest of the Outside Limited Partners means Limited Partners (excluding for this purpose (i) any Limited Partnership Interests held by the Corporation or its Subsidiaries, (ii) any Person of which the Corporation or its Subsidiaries directly or indirectly owns or controls more than 50% of the voting interests and (iii) any Person directly or indirectly owning or controlling more than 50% of the outstanding interests of the Corporation) holding more than 50% of the outstanding OP Units and any other Partnership Units voting as single class that are held by all Limited Partners who are not excluded for the purposes hereof.
Majority in Interest of the Outside Limited Partners means, with respect to the Consent of such Limited Partners to any action, Limited Partners (excluding for this purpose (i) any Limited Partnership Interests held by the Company, the General Partner or any Subsidiaries of the Company or the General Partner, (ii) any Person of which the Company or its Subsidiaries directly or indirectly owns or controls more than 50% of the voting interests and (iii) any Person directly or indirectly owning or controlling more than 50% of the outstanding interests of the General Partner) holding in the aggregate more than 50% of the outstanding Partnership Units that entitle the holder thereof to Consent thereto held by all Limited Partners who are not excluded for the purposes hereof.
Majority in Interest of the Outside Limited Partners means Limited Partners (excluding for this purpose (a) any Limited Partnership Interests held by the Company, the A-1 Series or their respective Subsidiaries, (b) any Person of which the Company, the A-1 Series or their respective Subsidiaries directly or indirectly owns or controls more than fifty percent (50%) of the voting interests and (c) the Managing Member and any Person directly or indirectly owning or controlling more than five percent (5%) of the outstanding interests of the Managing Member) holding more than fifty percent (50%) of the outstanding OP Units voting as a single class that are held by all Limited Partners who are not excluded for the purposes hereof.
Majority in Interest of the Outside Limited Partners means Limited Partners (excluding for this purpose any Limited Partnership Interests held by