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 10.4 by, Limited Partners of record who are Limited Partners with respect to more than fifty percent (50%) of the aggregate number of outstanding Limited Partnership Interests. Each Limited Partnership Interest shall be entitled to one vote for this purpose.
Sample 1
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
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.

  • 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.

  • 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.

  • 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.

  • If a Majority Vote of the Limited Partners is cast in favor of a liquidation of the Partnership, the assets of the Partnership shall be fully liquidated within thirty (30) months from the close of the voting deadline applicable to the Proxy to Liquidate.

  • 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.

  • 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.

  • Upon the occurrence of an "event causing dissolution" under Section 13.02, unless an election to continue the business of the Partnership is made pursuant to Section 13.03, the General Partner or, in the event the dissolution is caused by an event described in Section 13.02(b) or 13.02(c) with respect to the General Partner, a Person or Persons selected by a Majority Vote of the Limited Partners, shall be the Liquidating Trustee.


More Definitions of Majority Vote of the Limited Partners

Majority Vote of the Limited Partners. The Consent of the Limited Partners who collectively hold more than 50% of the Units.
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 seventy-five percent (75%) of the Members.

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

  • 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 Trustees of the 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 as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) 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;

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • vote of a majority of the outstanding voting securities" shall mean the vote, at a meeting of Holders, of the lesser of (a) 67 per centum or more of the Interests in the Trust present or represented by proxy at the meeting if the Holders of more than 50 per centum of the outstanding Interests in the Trust are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding Interests in the Trust. The terms "Holders" and "Interests" when used herein shall have the respective meanings specified in the Declaration of Trust of the Trust.