Common use of ACTS OF THE GENERAL PARTNERS Clause in Contracts

ACTS OF THE GENERAL PARTNERS. (I) The act of a majority of the General Partners shall be the act of the General Partners, except as otherwise specifically provided by this Agreement, (II) in the event that one or more of the General Partners determine that participation in a vote could constitute a conflict of interest and therefore abstain from participating in such vote, the act of a majority of the General Partners voting on such matter shall be the act of the General Partners, whether or not all or a majority of the voting General Partners constitute a majority of the General Partners, and (III) in the event that a vote taken by the General Partners or the Tier 1 General Partners, as the case may be, has resulted in a tie vote among the General Partners or the Tier 1 General Partners, as the case may be, XX XX shall be entitled to cast the deciding vote that shall determine the act of the General Partners, whether or not all or a majority of the voting General Partners (including XX XX) constitute a majority of the General Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc)

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ACTS OF THE GENERAL PARTNERS. (Ii) The act of a majority of the General Partners shall be the act of the General Partners, except as otherwise specifically provided by this Agreement, (II) in the event that one or more of the General Partners determine that participation in a vote could constitute a conflict of interest and therefore abstain from participating in such vote, the act of a majority of the General Partners voting on such matter shall be the act of the General Partners, whether or not all or a majority of the voting General Partners constitute a majority of the General Partners, and (III) in the event that a vote taken by the General Partners or the Tier 1 General Partners, as the case may be, has resulted in a tie vote among the General Partners or the Tier 1 General Partners, as the case may be, XX XX GP III shall be entitled to cast the deciding vote that shall determine the act of the General Partners, whether or not all or a majority of the voting General Partners (including XX XXGP III) constitute a majority of the General Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc)

ACTS OF THE GENERAL PARTNERS. (Ii) The act of a majority of the General Partners shall be the act of the General Partners, except as otherwise specifically provided by this Agreement, (II) in the event that one or more of the General Partners determine that participation in a vote could constitute a conflict of interest and therefore abstain from participating in such vote, the act of a majority of the General Partners voting on such matter shall be the act of the General Partners, whether or not all or a majority of the voting General Partners constitute a majority of the General Partners, and (IIIiii) in the event that a vote taken by the General Partners or the Tier 1 General Partners, as the case may be, has resulted in a tie vote among the General Partners or the Tier 1 General Partners, as the case may be, XX XX GP II shall be entitled to cast the deciding vote that shall determine deterxxxx the act of the General Partners, whether or not all or a majority of the voting General Partners (including XX XXC&I GP) constitute a majority of the General Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc)

ACTS OF THE GENERAL PARTNERS. (Ii) The act of a majority of the General Partners shall be the act of the General Partners, except as otherwise specifically provided by this Agreement, (II) in the event that one or more of the General Partners determine that participation in a vote could constitute a conflict of interest and therefore abstain from participating in such vote, the act of a majority of the General Partners voting on such matter shall be the act of the General Partners, whether or not all or a majority of the voting General Partners constitute a majority of the General Partners, and (III) in the event that a vote taken by the General Partners or the Tier 1 General Partners, as the case may be, has resulted in a tie vote among the General Partners or the Tier 1 General Partners, as the case may be, XX XX shall be entitled to cast the deciding vote that shall determine the act of the General Partners, whether or not all or a majority of the voting General Partners (including XX XX) constitute a majority of the General Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc)

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ACTS OF THE GENERAL PARTNERS. (Ii) The act of a majority of the General Partners shall be the act of the General Partners, except as otherwise specifically provided by this Agreement, (II) in the event that one or more of the General Partners determine that participation in a vote could constitute a conflict of interest and therefore abstain from participating in such vote, the act of a majority of the General Partners voting on such matter shall be the act of the General Partners, whether or not all or a majority of the voting General Partners constitute a majority of the General Partners, and (III) in the event that a vote taken by the General Partners or the Tier 1 General Partners, as the case may be, has resulted in a tie vote among the General Partners or the Tier 1 General Partners, as the case may be, XX XX GP I shall be entitled to cast the deciding vote that shall determine the act of the General Partners, whether or not all or a majority of the voting General Partners (including XX XXGP I) constitute a majority of the General Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc)

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