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

  • 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.

  • 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.

  • 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.

  • In the event that the General Partner withdraws from the Partnership, in violation of this Agreement or otherwise, or otherwise dissolves or terminates, or upon the bankruptcy of the General Partner, a Majority of the Limited Partners may elect to continue the Partnership business by selecting a successor General Partner in accordance with the Act.

  • This position will support OPD staff and districts/PSAs with accessing and utilizing the Michigan Electronic Grant System (MEGS+) and the Grant Electronic Monitoring System/Michigan Administrative Review System (GEMS/MARS).

  • 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.

  • Notwithstanding the foregoing, the General Partner may amend this Agreement from time to time; provided, however, that any amendment that materially or adversely affects the rights of the Limited Partners to receive distributions, withdraw from the Partnership or their voting rights shall require the consent of the General Partner and Majority of the Limited Partners.

  • The General Partner may not sell, transfer (voluntarily or by operation of law), assign or encumber by pledge or otherwise any part of its general partnership interest, nor may more than 50% of the beneficial ownership of the General Partner be sold or transferred (other than to persons who are already partners of the General Partner on the date hereof), without first obtaining the written consent of a Super Majority of the Limited Partners, which consent shall not be unreasonably withheld or delayed.

  • Notwithstanding the foregoing, the General Partner may amend this Agreement from time to time; provided, however, that any amendment that materially or adversely affects the rights of the Limited Partners to receive distributions, withdraw from the Fund or their voting rights shall require the consent of the General Partner and Majority of the Limited Partners.

  • A Majority of the Limited Partners may by vote or written consent, with or without cause, change the Managing General Partner and designate any other General Partner (who consents to serve) as the Managing General Partner.


More Definitions of Majority of the Limited Partners

Majority of the Limited Partners means, at the time of any vote, consent or approval by the Limited Partners under the terms of this Agreement, any number of Limited Partners who own in the aggregate Units representing more than fifty percent (50%) of the Interests held by the Limited Partners. 1.25 "Managing General Partner" means the General Partner so designated pursuant to Paragraph 6.2, or any successor selected pursuant to Paragraph 10.10. 1.26 "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 (for this purpose, all items of income, gain, loss or deduction required to be separately stated pursuant to section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:
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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
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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.
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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.
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Majority of the Limited Partners shall have the meaning set forth in the Partnership Agreement.
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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.
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Related to Majority of the Limited Partners

  • Majority in Interest of the Limited Partners means Limited Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners.

  • Consent of the Limited Partners means the Consent of a Majority in Interest of the Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and may be given or withheld by a Majority in Interest of the Limited Partners, unless otherwise expressly provided herein, in their sole and absolute discretion.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it pursuant to Section 5.2), the General Partner (with respect to the Incentive Distribution Rights) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Majority in Interest of the Partners means Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Partners entitled to Consent to or withhold Consent from a proposed action.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Certificate of Limited Partnership means the Certificate of Limited Partnership of the Partnership filed with the Secretary of State of the State of Delaware as referenced in Section 7.2, as such Certificate of Limited Partnership may be amended, supplemented or restated from time to time.

  • Vote Limited Member means any Member who beneficially owns 5% or more of the outstanding Class A shares (excluding Masterworks Shares) submits a Vote Limit Certificate to the Board which designates such Member as a Vote Limited Member, either separately or jointly with one or more other Members.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Majority of the Trustees means a majority of the Trustees in office at the time in question. At any time at which there shall be only one (1) Trustee in office, such term shall mean such Trustee.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3.

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

  • Limited Partners means all such Persons.

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

  • Partnership Representative has the meaning set forth in Section 5.2(a).

  • Original Limited Partner means the Limited Partners designated as “Original Limited Partners” on Exhibit A hereto.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • majority of the outstanding shares means the lesser of (a) sixty-seven percent (67%) or more of the shares present at a meeting if more than fifty percent (50%) of these shares are present or represented by proxy, or (b) more than fifty percent (50%) of the outstanding shares.

  • Consent of the Partners means the Consent of Partners, other than the Preferred Limited Partners, holding Percentage Interests that in the aggregate are equal to or greater than a majority of the aggregate Percentage Interests of all Partners, other than the Preferred Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and may be given or withheld by such Partners, in their sole and absolute discretion.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Company Board of Directors means the board of directors of the Company.

  • Supermajority Vote means the affirmative vote of at least two-thirds of all of the members of the Operating Committee or any Subcommittee, as applicable, authorized to cast a vote with respect to a matter presented for a vote (whether or not such a member is present at any meeting at which a vote is taken) by the Operating Committee or any Subcommittee, as applicable (excluding, for the avoidance of doubt, any member of the Operating Committee or any Subcommittee, as applicable, that is recused or subject to a vote to recuse from such matter pursuant to Section 4.3(d)); provided that if two-thirds of all of such members authorized to cast a vote is not a whole number then that number shall be rounded up to the nearest whole number.

  • Majority Shareholders means Xxxxxxx X. Xxx and Xxxxxxx X. Xxxxxxx.