Common use of Limitations on Requirements for Consents Clause in Contracts

Limitations on Requirements for Consents. Notwithstanding any other provisions of this Agreement unless, prior to the exercise by the Investors other than the Directors of the rights of such Investors: (i) to approve actions of the Directors pursuant to Section 3.09; (ii) to vote to remove a Director or Investment Manager pursuant to Section 12.03 or to approve the appointment of a successor Director pursuant to Section 12.05; (iii) to approve and elect or remove Directors and to approve certain Fund matters pursuant to Section 5.04; (iv) to approve and elect to dissolve the Fund pursuant to Section 15.01(c); or (v) to amend this Agreement pursuant to Section 6.03, as the case may be, counsel for the Fund or counsel designated by not less than 10% of the Shares owned by all Investors shall have delivered to the Fund an opinion to the effect that neither the existence of such right or rights nor the exercise thereof will violate the provisions of the Act or the laws of the other jurisdictions in which the Fund is then formed or qualified, will adversely affect the limited liability of the Investors and Directors, or will adversely affect the classification of the Fund as a partnership for federal or state income tax purposes, then:

Limitations on Requirements for Consents. Notwithstanding any other provisions of this Agreement unless, prior to the exercise by the Investors other than the Directors of the rights of such Investors: (i) to approve actions of the Directors pursuant to Section 3.09; (ii) to vote to remove a Director or Investment Manager pursuant to Section 12.03 11.03 or to approve the appointment of a successor Director pursuant to Section 12.0511.05; (iii) to approve and elect or remove Directors and to approve certain Fund matters pursuant to Section 5.04; (iv) to approve and elect to dissolve the Fund pursuant to Section 15.01(c14.01(c); or (v) to amend this Agreement pursuant to Section 6.03, as the case may be, counsel for the Fund or counsel designated by not less than 10% of the Shares owned by all Investors shall have delivered to the Fund an opinion to the effect that neither the existence of such right or rights nor the exercise thereof will violate the provisions of the Act or the laws of the other jurisdictions in which the Fund is then formed or qualified, will adversely affect the limited liability of the Investors and Directors, or will adversely affect the classification of the Fund as a partnership for federal or state income tax purposes, then:

Limitations on Requirements for Consents. Notwithstanding any other provisions of this Agreement unless, prior to the exercise by the Investors other than the Directors of the rights of such Investors: (i) to approve actions of the Directors pursuant to Section 3.09; (ii) to vote to remove a Director or Investment Manager pursuant to Section 12.03 or to approve the appointment of a successor Director pursuant to Section 12.05; (iiiii) to approve and elect or remove Directors and to approve certain Fund matters pursuant to Section 5.04; (iv) to approve and elect to dissolve the Fund pursuant to Section 15.01(c); or (v) to amend this Agreement pursuant to Section 6.03, as the case may be, counsel for the Fund or counsel designated by not less than that 10% of the Shares owned by all Investors shall have delivered to the Fund an opinion to the effect that neither the existence of such right or rights nor the exercise thereof will violate the provisions of the Act or the laws of the other jurisdictions in which the Fund is then formed or qualified, will adversely affect the limited liability of the Investors and Directors, or will adversely affect the classification of the Fund as a partnership for federal or state income tax purposes, then:

Limitations on Requirements for Consents. Notwithstanding any other provisions of this Agreement Agreement, unless, prior to the exercise by the Investors other than the Directors Limited Partners of the rights of such Investorsthe Limited Partners: (i) to approve actions of the Directors General Partners pursuant to Section 3.09; (ii) to vote to remove a Director or Investment Manager General Partner pursuant to Section 12.03 or to approve the appointment of a successor Director General Partner pursuant to Section 12.05; (iii) to approve and elect or remove Directors General Partners and to approve certain Fund Partnership matters pursuant to Section 5.04; (iv) to approve and elect to dissolve the Fund Partnership pursuant to Section 15.01(c); or (v) to amend this Agreement pursuant to Section 6.03, as the case may be, counsel for the Fund Partnership or counsel designated by not less than 10% of the Shares Units owned by all Investors Partners shall have delivered to the Fund Partnership an opinion to the effect that neither the existence possession of such right or rights nor the exercise thereof will violate the provisions of the Act DRULPA or the laws of the other jurisdictions in which the Fund Partnership is then formed or qualified, will adversely affect the limited liability of the Investors and DirectorsLimited Partners, or will adversely affect the classification of the Fund Partnership as a partnership for federal or state income tax purposes, then: