Majority Partners definition

Majority Partners means the Limited Partners (which may include the General Partner if it is also a Limited Partner) holding a majority of the Units then outstanding; provided that, if as of any date of determination, a majority of the Units are then held by the General Partner or any of its Affiliates controlled by the Corporation, then “Majority Partners” shall mean the Limited Partners holding a majority of the Units (excluding Units held by the General Partner or any of its Affiliates controlled by the Corporation) then outstanding.
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Majority Partners means the Limited Partners (which may include the General Partner if it is also a Limited Partner) holding a majority of the Units then outstanding; provided that, if as of any date of determination, a majority of the Units are then held by the General Partner or any of its Affiliates controlled by the Corporation, then “Majority Partners” shall mean the General Partner together with Partners holding a majority of the Units (excluding Units held by the General Partner and its controlled Affiliates) then outstanding.
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Majority Partners means those Partners at any time collectively owning at ----------------- least 50.1% of the partnership interests in Borrower.
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Examples of Majority Partners in a sentence

  • Prior to any such Transfer the Majority Partner(s) will comply with all requirements of Section 10.01 with respect to the proposed Transfer including, specifically, obtaining the advance consent of a Majority of the Partners.

  • The remaining Partners may elect to participate in the Transfer by delivering written notice to the Majority Partner(s) within twenty (20) days after delivery of the notice, after which time their right to participate in the Transfer will be deemed waived.

  • If the Majority Partners are unable to agree on an appropriate profit margin within sixty (60) days following any Determination Date, the appropriate profit margin to be charged hereunder shall be referred for determination by Independent Accountants mutually acceptable to the Majority Partners.

  • In all such discussions, the Majority Partners will give due weight to the Independent Accountants' recommendation.

  • In addition, Buyer shall not enter into any merger or similar transaction in which Buyer is not the surviving corporation without the prior written consent of the Majority Partners.

  • Except as currently provided by Buyer's stock option plans, Buyer may not authorize, issue or sell, directly or through any subsidiary, any shares of capital stock or securities or instruments convertible into such shares without the prior written consent of the Majority Partners.

  • Prior to making any such Transfer, the Majority Partner(s) will deliver a written notice to the remaining Partners specifying in reasonable detail the identity of the prospective transferee and the terms and conditions of the Transfer.

  • Pending an agreement among the Majority Partners about the appropriate profit margin, the profit margin in place immediately before the most recent Determination Date will continue to apply.