Majority of the Limited Partners definition

Majority of the Limited Partners means Limited Partners holding a majority of the total outstanding Limited Partnership Interests as of the first day of the current calendar month.

Majority of the Limited Partners means Limited Partners holding more than fifty percent (50%) of the Common Shares that would be obtained by exchanging all of the Partnership Units outstanding at such time and each exchangeable by their terms for Common Shares (ignoring for purposes hereof the impact of any Lock-Out Date).

Majority of the Limited Partners means Limited Partners holding, collectively, a majority of the Percentage Interests allocated to then-outstanding Limited Partnership Interests.

Examples of Majority of the Limited Partners in a sentence

• In addition to the matters described in Section 3.10 above, the Limited Partners shall have the right to vote upon and take any of the following actions upon the approval of a Majority of the Limited Partners, without the concurrence of the General Partners.

• The principal terms of any merger or consolidation described in Section 9.5 must be approved by the General Partners and by the affirmative vote of a Majority of the Limited Partners.

• This Agreement is subject to amendment by the affirmative vote of a Majority of the Limited Partners in accordance with Section 4.5; provided, however, that no such amendment shall be permitted if the effect of such amendment would be to increase the duties or liabilities of any Partner or materially change any Partner's interest in Profits, Losses, Partnership assets, distributions, management rights or voting rights, except as agreed by that Partner.

• The parties hereto may at any time amend this Agreement in any particular, by consent of the General Partner expressed in writing and an election by a Majority of the Limited Partners.

• A Required Majority of the Limited Partners may at any time effect the removal of the General Partner with or without cause by delivering to the General Partner a notice of removal, such removal to become effective as provided in such notice of removal.

More Definitions of Majority of the Limited Partners

Majority of the Limited Partners means, at the time of any vote by the Limited Partners under the terms of this Agreement, any number of Limited Partners who own in the aggregate Units having more than a fifty percent (50%) interest in the profits of the Partnership held by all the Limited Partners. 1.19 "Managing General Partner" means the General Partner so designated pursuant to Section 6.2 or any successor selected pursuant to Paragraph 10.10. 1.20 "Net Profits" and "Net Loss" means the Partnership's taxable income or loss for a taxable year, determined in accordance with section 703(a) of the Code, as amended from time to time (for this purpose, all items of income, gain, loss or deduction required to be separately stated pursuant to section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

Majority of the Limited Partners shall have the meaning set forth in the Partnership Agreement. "Management Costs" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. "Material Adverse Effect" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. "Memorandum of Amended and Restated Lease" shall mean the Memorandum of Amended and Restated Lease, dated December 22, 1995, between the Lessor and the Lessee. "Monthly Distribution Date" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement for the term "Payment Date." "Moody's" shall mean Xxxxx'x Investors Service, Inc., a Delaware corporation. "Mortgaged Property" shall have the meaning set forth in the Project Mortgage. "Multiemployer Plan" shall mean a Plan which is a "multiemployer plan" as such term is defined in Section 4001(a)(3) of ERISA. "NatWest" shall mean National Westminster Bank Plc, acting through its New York branch. "Net Cash Flow" shall mean, for any Period, Project Revenues remaining after application through item Third of Section 13.01(c)(i) of the Amended and Restated Reimbursement Agreement. "New Term Loans" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. 15

Majority of the Limited Partners shall be used in lieu of the term "majority-in-interest of the limited partners" as defined in Act Section 16611(u) for all purposes in connection with this Agreement.

Majority of the Limited Partners shall have the meaning set forth in the Partnership Agreement.

Majority of the Limited Partners means the holders of more than 50% of the outstanding percentage Interests of the Limited Partner Interests; and "Majority of the General Partners" means the holders of more than 50% of the outstanding percentage Interests of the General Partner Interests.

Majority of the Limited Partners means Limited Partners holding a majority of the total outstanding Limited Partnership Interests as of the first day of any current calendar month.

Majority of the Limited Partners means Limited Partners holding, collectively, a majority of the Percentage Interests allocated to then- outstanding Limited Partnership Interests.