Partnership Approval exists, with respect to any General Partner Interest Transfer, when the sum of (i) the Percentage Interest of Limited Partners holding Partnership Common Units and LTIP Units Consenting to the General Partner Interest Transfer, plus (ii) the product of (a) the Percentage Interest of Partnership Common Units held by the General Partner multiplied by (b) the percentage of the votes that were cast in favor of the event constituting such General Partner Interest Transfer by the General Partner’s common stockholders out of the total votes entitled to be cast by the General Partner’s common stockholders, equals or exceeds the percentage required for the common stockholders of the General Partner to approve the event constituting such General Partner Interest Transfer. In the event that Partnership Approval has not been established within ten (10) Business Days of the record date for the determination of the existence of such Partnership Approval, then Partnership Approval shall be deemed not to exist with respect to the event constituting such General Partner Interest Transfer.
Partnership Approval has the meaning set forth in Section 11.2.C.
Partnership Approval means Consent of the Limited Partners holding Voting Units representing a Voting Percentage Interest that equals or exceeds, as applicable, either the percentage of (x) the Shares outstanding or (y) the Shares cast in the Shareholder Vote ((x) or (y), as applicable, the “Required Denominator Shares”) required to be voted in favor of the Extraordinary Transaction in the Shareholder Vote, provided that, for purposes of determining whether Partnership Approval has been obtained, the Voting Percentage Interest of Limited Partners consenting to the Extraordinary Transaction shall be calculated as follows: Such Voting Percentage Interest shall be equal to the sum of (i) the Voting Percentage Interest of the Voting Units held by Limited Partners consenting to the Extraordinary Transaction (excluding for this purpose any Partnership Units held by (1) the General Partner or the General Partner Entity, (2) any Person of which the General Partner or the General Partner Entity directly or indirectly owns or controls more than fifty percent (50%) of either the voting interests or economic interests and (3) any Person directly or indirectly owning or controlling more than fifty percent (50%) of the outstanding voting interests of the General Partner or the General Partner Entity (collectively, the “Excluded Units”)), plus (ii) the product of (1) the Voting Percentage Interest attributable to the Excluded Units, multiplied by (2) either (x) the percentage of the Required Denominator Shares voted in favor of the Extraordinary Transaction by the General Partner Entity’s shareholders in the Shareholder Vote to obtain Shareholder Approval, or (y) in the event a Tender Offer shall have been accepted with respect to a sufficient number of Shares to permit consummation of the Extraordinary Transaction without Shareholder Approval, the percentage of outstanding Shares with respect to which such Tender Offer shall have been accepted.
Examples of Partnership Approval in a sentence
PIAD: The L.I.2411 and PPP Act have Public Investment Programmes Working and Public Private Partnership Approval Committees established to assess the proposed investment project’s environment and social safeguards issues which may impact on project stakeholders.
Partnership: Approval by the Interstate Insurance Product Regulation Commission of long-term care insurance product filings in compliance with one or more of the Uniform Standards for Individual Long-Term Care Insurance shall not be deemed as approval to use or provide any component of the product filing pursuant to any federal or state Individual Long-Term Care Insurance Partnership Program (“Partnership”).
Partnership: Approval by the Interstate Insurance Product Regulation Commission (“IIPRC”) of long-term care insurance product filings in compliance with one or more of the Uniform Standards for Individual Long-Term Care Insurance shall not be deemed as approval to use or provide any component of the product filing pursuant to any federal or state Individual Long-Term Care Insurance Partnership Program (“Partnership”).
An Academic Partnership Approval Panel will normally be held at the partner organisation and will involve external expertise as standard.
The Requisite Partnership Approval is the only approval of the holders of units representing limited partner interests of the Partnership that is necessary under applicable Law and the Partnership Agreement to adopt, approve and authorize this Agreement that has not been obtained as of the date of this Agreement.
More Definitions of Partnership Approval
Partnership Approval means approval obtained when the sum of the (1) the percentage interest of Partners consenting to the Termination Transaction, plus (2) the product of (a) the percentage of the outstanding Class A units held by the General Partner Entity multiplied by (b) the percentage of the votes that were cast in favor of the Termination Transaction by the holders of the Shares equals or exceeds the percentage required for the General Partner Entity’s shareholders to approve the Termination Transaction.
Partnership Approval means the consent of the general partner of Merger Partnership.
Partnership Approval means the approval of the limited partners of the Partnership necessary to approve this Agreement and the Merger pursuant to the Existing LP Agreement and the DLPA.
Partnership Approval means the approval of the Partnership Merger and the Company Merger and the other transactions contemplated by this Agreement by the Partners holding a majority or more of the then outstanding Percentage Interests (including the effect of any Partnership Units held by the general partner of the Partnership).
Partnership Approval means approval obtained when the sum of (i) the number of Founder Common Units held by Limited Partners (excluding for this purpose Common Units held by the Company or its Subsidiaries) consenting to any Extraordinary Transaction, transfer or withdrawal under Section 11.2C(i), plus (ii) the product of (a) the number of Common Units held by the Company and its Subsidiaries multiplied by (b) the percentage of the votes that were cast in favor of the Extraordinary Transaction, transfer or withdrawal by the holders of the REIT Shares, exceeds 50% of the aggregate number of Founder Common Units and Common Units held by the Company and its Subsidiaries outstanding at such time. For the avoidance of doubt, (x) only Founder Common Units shall be entitled to consent to any Extraordinary Transaction, transfer or withdrawal under Section 11.2C(i) and be taken into account for purposes of clause (i) above and (y) only Founder Common Units and Common Units held by the Company and its Subsidiaries shall be taken into account in any respect in determining if Partnership Approval has been obtained.
Partnership Approval or “Precertification” means the process by which a long-term care policy or certificate form is precertified by the Insurance Department in accordance with section 38a- 475 of the general statutes.
Partnership Approval means Consent of the Limited Partners holding Class A Units and LTIP Units representing a Percentage Interest of Class A Units and LTIP Units that equals or exceeds the percentage of (x) the Shares outstanding or (y) the Shares cast, as applicable, in the Shareholder Vote ((x) or (y), as applicable, the “Required Denominator Shares”) required to be voted in favor of the Termination Transaction in the Shareholder Vote, provided that, for purposes of determining whether Partnership Approval has been obtained, the Percentage Interest of Limited Partners consenting to the Termination Transaction shall be calculated as follows: Such Percentage Interest shall be equal to the sum of (i) the Percentage Interest of Class A Units and LTIP Units held by Limited Partners consenting to the Termination Transaction (excluding for this purpose any Class A Units held by (1) the General Partner or the General Partner Entity, (2) any Person of which the General Partner or the General Partner Entity directly or indirectly owns or controls more than fifty percent (50%) of either the voting interests or economic interests and (3) any Person directly or indirectly owning or controlling more than fifty percent (50%) of the outstanding voting interests of the General Partner or the General Partner Entity (collectively, the “Excluded Units”)), plus (ii) the product of (1) the Percentage Interest attributable to the Excluded Units, multiplied by (2) either (x) the percentage of the