Common use of Consent of the Partners Clause in Contracts

Consent of the Partners. Notwithstanding Section 5.02 to the contrary, without the consent of Limited Partners holding a majority of the Allocation Percentages of all Limited Partners at such time, in no event shall the General Partner take any action outside the scope of the purposes of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

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Consent of the Partners. Notwithstanding Section 5.02 to the contrary, without the consent of Limited Partners holding a majority all of the Allocation Percentages of all Limited Partners at such timePartners, in no event shall the General Partner take any action outside the scope of the purposes of the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

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