Partnership Vote definition

Partnership Vote has the meaning set forth in Section 11.2(e).

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.

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.

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.

• The Registry wrote to the parties on 7 November 2006 giving the preliminary view that Mr Schuetterle’s evidence should remain as filed and giving the proprietor leave to file further evidence.

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

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

• 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.

• 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.

• In Chapter 1, they (meet) David, and _ (agree) to start a new business.

• The Partnership shall maintain its principal office in the State of Texas at 00000 Xxxxxx Xxxxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 00000, or at such other place as the General Partner, subject to Approval by Partnership Vote, may from time to time designate.

More Definitions of Partnership Vote

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.

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.

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.

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.