Common use of Authorization Requirements Clause in Contracts

Authorization Requirements. Except as otherwise provided in this Agreement, the act of Partners representing a majority by Ownership Percentages shall be the act of the Partners and all references to actions by a majority of the Partners shall be deemed to refer to a majority by Ownership Percentage.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Market Hub Partners Storage Lp), Limited Partnership Agreement (Market Hub Partners Storage Lp)