Partnership Vote definition

Partnership Vote has the meaning set forth in Section 11.2(e).
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Partnership Vote means a vote of the Partners. A Partnership Vote may be conducted at a meeting of the General Partner and the Limited Partners, which meeting may take place by means of telephone conference, video conference or similar communications equipment by means of which all Persons participating therein can hear each other. Alternatively, a Partnership Vote may be conducted by notice sent by the General Partner to the Limited Partners, which notice shall set forth (a) the matter with respect to which the Partnership Vote is to be made and (b) the time period within which the General Partner and the Limited Partners must respond to the notice. Such time period shall not be less than seven (7) business days or more than fourteen (14) business days. If the General Partner or any Limited Partner does not respond to the notice within the time period specified in the notice, such Partner shall be deemed to have given its written consent in favor of the matter set forth in the notice. If a written consent or consents setting forth the matter to be determined is signed by the General Partner and a Majority in Interest of the Limited Partners, Approval by Partnership Vote shall be deemed to have been obtained with respect to such matter.
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Partnership Vote means a vote of the Partners. A Partnership Vote may be conducted at a meeting of the General Partner and the Limited Partners, which meeting may take place by means of telephone conference, video conference or similar communications equipment by means of which all Persons participating therein can hear each other. Alternatively, a Partnership Vote may be conducted by notice sent by the General Partner to the Limited Partners, which notice shall set forth the matter with respect to which the Partnership Vote is to be made. If a written consent or consents setting forth the matter to be determined is signed by the General Partner and the Class A Limited Partner, then Approval by Partnership Vote shall be deemed to have been obtained with respect to such matter. The Class B Limited Partner shall have no right to vote with respect to matters of the Partnership.
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Examples of Partnership Vote in a sentence

  • Except as otherwise expressly permitted by this Agreement, no Partner may resign or withdraw from the Partnership without Approval by Partnership Vote.

  • In addition, the General Partner shall not permit the Transfer of any interest in the General Partner unless Approval by Partnership Vote is obtained with respect to such Transfer.

  • For purposes of the Partnership Vote, each holder of a Partnership Interest shall be entitled to a number of votes equal to the total votes such holder would have been entitled to at the Stockholder Meeting had such holder presented its Partnership Interest for redemption and such Partnership Interest had been acquired by the Company for the REIT Shares Amount of REIT Shares prior to the record date therefor.

  • A Partner's interest in the Partnership may not be redeemed or purchased by the Partnership without prior Approval by Partnership Vote.

  • Any agreement whereby any service or activity to be performed for the Partnership is to be performed by an Affiliate of a Partner shall require Approval by a Partnership Vote.

  • Except as provided in this Agreement, no Partner or its Affiliate shall be entitled to any compensation unless Approval by Partnership Vote is obtained with respect thereto.

  • All elections for federal tax purposes, including but not limited to an election to adjust the basis of the assets of the Partnership pursuant to Section 754 of the Code, and the adoption of accelerated depreciation or cost recovery methods required or permitted to be made by the Partnership under the Code shall be determined by Approval by Partnership Vote.

  • All "Major Decisions" (hereinafter defined) with respect to the Partnership business shall require Approval by Partnership Vote.

  • Unless Approval by Partnership Vote is otherwise obtained, or except as otherwise permitted in this Agreement, the General Partner may not, directly or indirectly, by operation of law or otherwise (a) withdraw or resign from the Partnership, or (b) Transfer any or all of its interest in the Partnership.

  • The total cost of providing L-section with total perimeter 180 Rft and T-section with total area 580 sqft was calculated as Rs.3600 and Rs.23200 respectively.


More Definitions of Partnership Vote

Partnership Vote means a vote of the Partners. A Partnership Vote may be conducted at a meeting of the Partners, which meeting may take place by means of telephone conference, video conference or similar communications equipment by means of which all Persons participating therein can hear each other. Alternatively, a Partnership Vote may be conducted by notice sent by one of the Partners, which notice shall set forth the matter with respect to which the Partnership Vote is to be made. If a written consent or consents setting forth the matter to be determined is signed by a Majority in Interest of the Partners, Approval by Partnership Vote shall be deemed to have been obtained with respect to such matter. If a written consent or consents setting forth the Major Decision to be determined is signed by the Partners, then approval of such Major Decision shall be deemed to have been obtained with respect to such matter.
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Partnership Vote means the vote of more than 50% of the Common Limited Partnership Units entitled to vote. Common Limited Partners shall be entitled to cast 1 vote for each Common Limited Partnership Unit they own, and a fractional vote for each fractional Common Limited Partnership Unit they own. In the event that the Partnership does not obtain approval of at least 50% of the Common Limited Partnership Units, then the item, if acted upon at a meeting and not by written consent, will be deemed approved if at least 50% of the Common Limited Partnership Units that participated in the vote were cast in favor of approval of the item subject to the vote unless a greater percentage is mandated by applicable law. The Series B Limited Partner Units shall not be entitled to vote.
Sample 1
Partnership Vote means a vote of the General Partner and the Class A Limited Partners. A Partnership Vote may be conducted at a meeting of the General Partner and the Class A Limited Partners, which meeting may take place by means of telephone conference, video conference or similar communications equipment by means of which all Persons participating therein can hear each other. Alternatively, a Partnership Vote may be conducted by notice sent by the General Partner to the Class A Limited Partners, which notice shall set forth (a) the matter with respect to which the Partnership Vote is to be made and (b) the time period within which the General Partner and the Class A Limited Partners must respond to the notice. Such time period shall not be less than seven (7) business days or more than fourteen (14) business days. If the General Partner or any Class A Limited Partner does not respond to the notice within the time period specified in the notice, such Partner shall be deemed to have given its written consent in favor of the matter set forth in the notice. All matters requiring a Partnership Vote shall require the unanimous consent (or deemed consent) of the General Partner and each Class A Limited Partner in order to be approved by a Partnership Vote. If a written consent or consents setting forth the matter to be determined is signed by the General Partner and the Class A Limited Partners, such matter shall be deemed to have been approved by Partnership Vote. The Class B Limited Partner shall have no right to participate in a Partnership Vote or to otherwise vote with respect to matters of the Partnership.
Sample 1
Partnership Vote means a vote of the General Partner and the Class A Limited Partner. For all matters requiring a Partnership Vote, a notice shall be sent to the General Partner and the Class A Limited Partner, which notice shall set forth (i) the matter with respect to which the Partnership Vote is to be made and (ii) the time period within which the General Partner and the Class A Limited Partner must respond to the notice. Such time period shall not be less than 7 business days (in Dallas, Texas) or more than 14 business days (in Dallas, Texas). If the General Partner or the Class A Limited Partner does not respond to the notice within the time period specified in the notice, such Partner shall be deemed to have given its written consent in favor of the matter set forth in the notice. All matters requiring a Partnership Vote shall require the unanimous consent (or deemed consent) of the General Partner and the Class A Limited Partner. The Class B Limited Partner shall have no right to vote with respect to matters of the Partnership, but the Class B Limited Partner shall be promptly notified after any Partnership Vote.
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Related to Partnership Vote

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • 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.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act.

  • Limited Partners means all such Persons.

  • GP means Gottbetter & Partners, LLP.

  • Common Units is defined in the Partnership Agreement.

  • Unitholders means the holders of Units.

  • Delaware LLC Act means the Delaware Limited Liability Company Act.

  • Partnership Record Date means the record date established by the General Partner for a distribution pursuant to Section 5.1(a) hereof, which record date shall be the same as the record date established by the General Partner for a distribution to its stockholders of some or all of its portion of such distribution.

  • Class A LP Units means the Class A limited partnership units of the Partnership.