Examples of Class A Limited Partner in a sentence
No person or entity shall be admitted as a substitute Class A Limited Partner nor shall any Class A Limited Partner transfer any interest in the Partnership without the prior written approval of SBA and, further, unless the limited partners or equity owners of the substituted Class A Limited Partner or of the transferee Class A Limited Partner simultaneously become Class B Limited Partners.
No Class B Limited Partner may transfer, sell, pledge, assign or otherwise dispose of its interest in the Partnership or in this Agreement unless such Class B Limited Partner simultaneously transfers its interest in the Class A Limited Partner to the transferee of such interest.
An instrument of proxy, whether for a specified meeting of Partners or otherwise, shall as nearly as circumstances permit be in the following form: “I, _, of , in the Province of , being a Class A Limited Partner of XX Xxxxxx’x Village Centre Limited Partnership, hereby appoint , of , in the Province of , or failing him of , in the Province of , as my proxy to attend and vote for me and on my behalf at the meeting of Partners to be held on the day of , 20 and any adjournment thereof.
Each Class A Limited Partner is entitled to One (1) vote per each Class A Unit held by it in respect of all matters to be decided by the Limited Partners.
Any Transfers to be made by a Class A Limited Partner or a Class B Limited Partner shall require the approval of the General Partner; provided, however, Transfers to be made by a Class A Limited Partner or a Class B Limited Partner to its Affiliates or equity holders of such Affiliates shall not require approval of the General Partner.