Partner Vote definition
Examples of Partner Vote in a sentence
Except as otherwise required by the Act, the Limited Partners may not require the Partnership to take any action, and the consent of the Limited Partners shall not be required for the Partnership to take any action, except to the extent this Agreement requires the taking of an action approved by, or prohibits the taking of any action unless approved by, a specified LP Vote, Partner Vote or Fund Vote.
Without a Unanimous Partner Vote, the Partnership shall not engage in any other business, including any of the Excluded Businesses.
A “75% Majority Partner Vote” means the affirmative vote or consent of Partners holding Voting Interests representing seventy-five percent (75%) or more of the Percentage Interests attributable to Voting Interests held by the Partners on the record date set for a Partner Vote.
A “Majority Partner Vote” means the affirmative vote or consent of Partners holding Voting Interests representing more than fifty percent (50%) of the Percentage Interests attributable to Voting Interests held by the Partners on the record date set for a Partner Vote.
The execution and delivery of this Agreement and the consummation by Ventures and Merger Sub of the Transactions have been duly authorized and approved by the Ventures Committee and, prior to the Closing, each of the UANT/USMD Contribution and the Transactions shall have been authorized and approved by the Ventures Partner Vote.
A "Majority Partner Vote" means the affirmative vote of Partners holding Partnership Interests representing more than fifty percent (50%) of the Percentage Interests in the Partnership on the record date set for a Partner Vote.
The Partnership shall be dissolved and its affairs wound up upon the occurrence of any of the following events: (a) a date designated and approved in writing by the General Partner and a Supermajority Limited Partner Vote; or (b) upon the entry of a decree of judicial dissolution under §17-802 of the Act.
This Agreement has been duly executed and delivered by Ventures and Merger Sub and is enforceable against each in accordance with its terms, subject to the Enforceability Exceptions and the Ventures Partner Vote.
A "75% Majority Partner Vote" means the affirmative vote of Partners holding Partnership Interests representing seventy-five percent (75%) or more of the Percentage Interests in the Partnership on the record date set for a Partner Vote.
A “Super Majority Partner Vote” means the affirmative vote or consent of Partners holding Voting Interests representing sixty-six and two-thirds percent (662/3%) or more of the Percentage Interests attributable to Voting Interests held by the Partners on the record date set for a Partner Vote.