Majority Vote of the Limited Partners definition

Majority Vote of the Limited Partners means the written consent of, or an affirmative vote in accordance with Section 14.04 by, Limited Partners who are Record Holders with respect to more than fifty percent (50%) of the outstanding Units held of record by Limited Partners on the Record Date established by the General Partner for such consent or vote.
Sample 1
Majority Vote of the Limited Partners. The Consent of the Limited Partners who collectively hold more than 50% of the Units.
Sample 1
Majority Vote of the Limited Partners. The written consent of, or an affirmative vote by, in accordance with the provisions of Section 15.2, Limited Partners (including the Company) of record who are Limited Partners (and not Assignees) with respect to more than fifty percent (50%) of the total number of all outstanding Partnership Units held by all Limited Partners of record, as Limited Partners (rather than as Assignees). Managing: USRP Managing, Inc., a Delaware corporation.
Sample 1

Examples of Majority Vote of the Limited Partners in a sentence

  • An assignee of all or part of the interest of a General Partner in the Partnership shall be admitted to the Partnership as a general partner of the Partnership only if a Majority Vote of the Limited Partners approves in writing the admission of such assignee as an additional or successor General Partner.

  • A General Partner may not sell, transfer, assign, pledge, encumber, mortgage, or otherwise hypothecate (hereinafter in this Article XI hereof collectively referred to as “assign” or “assignment”) the whole or any part of its interest as a General Partner in the Partnership without the prior Majority Vote of the Limited Partners.

  • In accordance with Section 17-211 of the Act (including Section 17-211(g) of the Act), notwithstanding anything to the contrary contained in this Agreement, an agreement of merger or consolidation approved by the General Partner and a Majority Vote of the Limited Partners, may (A) effect any amendment to this Agreement, or (B) effect the adoption of a new partnership agreement for the Partnership if it is the surviving or resulting limited partnership of the merger or consolidation.

  • The Partnership may merge with, or consolidate into, another business entity (as defined in Section 17-211(a) of the Act) upon the approval by the General Partner and a Majority Vote of the Limited Partners.

  • No amendments may be made to this Agreement without the prior written consent of (i) the General Partner and (ii) a Majority Vote of the Limited Partners and, with respect to Section 3.9 hereof, AMG; provided, however, that the General Partner shall make such amendments and additions to Schedule A hereto as are required by the provisions hereof; and, provided further, that the General Partner may amend this Agreement to correct any printing, stenographic or clerical errors or omissions.

  • Except as specifically provided herein, following the admission of Additional Limited Partners to the Partnership, this Agreement may be amended, modified and changed only after obtaining a Majority Vote of the Limited Partners.

  • A proposed amendment shall be effective only if approved by the General Partners in writing and by a Majority Vote of the Limited Partners, unless a greater percentage vote of the Limited Partners is required by law or any other provision of this Agreement.

  • However, the evaluation noted that the disbursement channel was also lengthy and also propelled and explains partly the delay.

  • An additional General Partner of the Partnership may be admitted to the Partnership by Majority Vote of the Limited Partners and upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement.

  • No amendments may be made to this Agreement without the written consent of (a) the General Partner and (b) a Majority Vote of the Limited Partners; provided, however, that the General Partner shall make such amendments and additions to Exhibit A hereto as are required by the provisions hereof; and, provided further, that the General Partner may amend this Agreement to correct any printing, stenographic or clerical errors or omissions.


More Definitions of Majority Vote of the Limited Partners

Majority Vote of the Limited Partners means the written consent of, or an affirmative vote in accordance with Section 16.4 by, Limited Partners who are Record Holders with respect to more than fifty percent (50%) of the aggregate number of outstanding Units held of record by Limited Partners.
Sample 1

Related to Majority Vote 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.

  • 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.

  • 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.

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • 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.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Sub-Committee means a committee of a committee created by the board.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

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

  • 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.

  • Fund Board means the Board of Directors/Trustees of a Fund.

  • Meeting of Members means an annual meeting of members or a special meeting of 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.

  • 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 Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Parent Board means the board of directors of Parent.

  • 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.

  • Voting Members has the meaning set forth in Section 4.07(b).

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

  • special meeting of shareholders means a meeting of any particular class or classes of shareholders and a meeting of all shareholders entitled to vote at any annual meeting of shareholders at which special business is to be transacted.

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • vote of a majority of the outstanding voting securities" shall mean the vote of the lesser of (a) 67 per centum or more of the shares of the Fund present or represented by proxy at the meeting if the holders of more than 50 per centum of the outstanding shares of the Fund are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding shares of the Fund.

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

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