dissolve the Partnership Sample Clauses
dissolve the Partnership. Limited Partners who do not vote with the majority in interest of the Limited Partners nonetheless will be bound by the majority vote. There are no regularly scheduled meetings of the Limited Partners. The General Partners shall have the right to increase the size of this Offering or conduct an additional Offering of securities without obtaining the consent of the Limited Partners. The General Partners or Limited Partners representing ten percent (10%) of the outstanding Limited Partnership Interest may call a meeting of the Partnership. The General Partners have the power, subject to the provisions of the Partnership Agreement, to change the Partnership's investment objectives. Restrictions on Transferability of Units. The Units will be transferable, but only with the consent of the General Partners, who may withhold their consent to any transfer that could cause or contribute to the characterization of the Partnership as a "publicly traded partnership" (in general, a partnership with frequent transfers of its Units), cause or contribute to the Partnership's violation of federal and state securities laws, otherwise adversely affect the Partnership's tax status, including cause a termination of the Partnership for federal or California tax purposes, or if the assignee and/or assignor fails to comply with certain procedural requirements of transfer, including the failure of the assignee to accept, adopt and approve in writing all the terms and conditions of the Partnership Agreement. It is not anticipated that a public market for the Units will develop.
dissolve the Partnership. Except as specifically provided in this Agreement, including, without limitation, this Section 7.3, the Limited Partners shall have no right to vote on any matter concerning the business and affairs of the Partnership, including, without limitation, any decisions regarding the merger of the Partnership or the sale, exchange, lease, mortgage or pledge or other transfer of, or the granting of a security interest in, all or substantially all of the assets of the Partnership and the incurrence of indebtedness by the Partnership, whether or not in the ordinary course of the Partnership's business.
dissolve the Partnership. Notwithstanding the foregoing, the Consent of the Limited Partners shall not be required for any action listed above in this Section 7.3.A if, at the time that the General Partner desires to take such action, the Limited Partners own, in the aggregate, less than a ten percent (10%) Partnership Interest.
dissolve the Partnership. Agree to or consummate any merger, consolidation, reorganization or other business combination to which the Partnership is a party, in each case resulting in the disposition by the then Limited Partners and Assignees of all outstanding Limited Partnership Interests and interests of Assignees therein in consideration for (a) cash, (b) debt instruments or other evidences of indebtedness, (c) other securities issued by a corporation, partnership or other entity, other than (i) the General Partner, (ii) the Partnership or (iii) any entity at least 80% of the total assets of which (on the basis of market value) are comprised of assets which, immediately prior to such transaction, were assets of the Partnership, or (d) any combination of the consideration described in (a), (b) and/or (c) above.
dissolve the Partnership. The limitations in Sections 8.3(b) and this Section 8.4 shall not be applicable to any General Partner or any Liquidator in winding up and liquidating the business of the Partnership under Article 16.
dissolve the Partnership. Agree to or consummate any merger, consolidation, reorganization or other business combination to which the Partnership is a party.
dissolve the Partnership. If there is a change in governmental laws, rules, regulations and written interpretations which results or will result in the withdrawal of one or more Limited Partner from the Partnership, or if there is a withdrawal pursuant to Section 8.06 through Section 8.10, and if a Limited Partner which is a bank, bank holding company, savings and loan association, savings association holding company or an Affiliate obtains an opinion of counsel to the effect that as a result of any such withdrawal or withdrawals such Limited Partner is or would be in violation of the Banking Acts (an “Adversely Affected Banking Entity”), then, unless the Partnership within a reasonable period of time avoids such violation through action, including, but not limited to, amending the Agreement, having the interests of the withdrawing Limited Partner purchased, and/or disposing of Portfolio Securities (which action or actions must be approved by SBA to the extent required by the SBIC Act), notwithstanding any other provision of this Agreement, but subject to Sections 5.06, 5.07 and 5.08, such Adversely Affected Banking Entity may reduce its Commitment by the smallest amount that would permit that Limited Partner to be in compliance with the Banking Acts and/or withdraw from the Partnership the smallest portion of its Limited Partner interest that, after such withdrawal, would result in that Limited Partner being in compliance with the Banking Acts.