Powers Requiring Concurrence of Limited Partners Sample Clauses

Powers Requiring Concurrence of Limited Partners. Without the written consent of, or ratification by a specific act of, Partners holding in the aggregate at least 66-2/3% of the Partnership Interests, the General Partner shall have no authority to, and affirmatively represents and undertakes that it will not, admit a Person as a Partner under this Agreement, which in any event shall always be done in accordance with Article Nine.
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Powers Requiring Concurrence of Limited Partners. 11 Section 5.04. Duties of General Partner....................................................................11 Section 5.05. Compensation of General Partner and Expenses.................................................11 Section 5.06. Scope of Responsibility......................................................................12 Section 5.07. Contracts With Affiliates....................................................................12 Section 5.08. Indemnification..............................................................................12 Section 5.09. Limited Partners' Rights.....................................................................12 Section 5.10. Partnership Property.........................................................................12 Section 5.11. Duties of the General Partner and Certain Other Persons......................................13 ARTICLE SIX STATEMENTS AND FISCAL YEAR Section 6.01. Statements...................................................................................13 Section 6.02. Fiscal Year..................................................................................13 ARTICLE SEVEN FINANCIAL ALLOCATIONS AND DISTRIBUTIONS
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Powers Requiring Concurrence of Limited Partners. 16 Section 5.04. Duties of General Partner..................................................................16 Section 5.05. Compensation of General Partner and Expenses...............................................16 Section 5.06. Scope of Responsibility....................................................................16 Section 5.07.
Sample 1
Powers Requiring Concurrence of Limited Partners. 11 Section 5.04. Duties of General Partner. . . . . . . . . . . . . . . . . . 11 Section 5.05. Compensation of General Partner and Expenses.. . . . . . . . 12 Section 5.06. Scope of Responsibility. . . . . . . . . . . . . . . . . . . 12 Section 5.07. Contracts With Affiliates. . . . . . . . . . . . . . . . . . 12 Section 5.08. Indemnification. . . . . . . . . . . . . . . . . . . . . . . 12 Section 5.09. Limited Partners' Rights.. . . . . . . . . . . . . . . . . . 13 Section 5.10. Partnership Property.. . . . . . . . . . . . . . . . . . . . 13 Section 5.11. Duties of the General Partner and Certain Other Persons. . . 13 ARTICLE SIX STATEMENTS AND FISCAL YEAR Section 6.01. Statements.. . . . . . . . . . . . . . . . . . . . . . . . . 13 Section 6.02. Fiscal Year. . . . . . . . . . . . . . . . . . . . . . . . . 13 ARTICLE SEVEN FINANCIAL ALLOCATIONS AND DISTRIBUTIONS
Sample 1

Related to Powers Requiring Concurrence of Limited Partners

  • Approval by Limited Partners of Merger or Consolidation (a) Except as provided in Section 14.3(d), the General Partner, upon its approval of the Merger Agreement, shall direct that the Merger Agreement be submitted to a vote of Limited Partners, whether at a special meeting or by written consent, in either case in accordance with the requirements of Article XIII. A copy or a summary of the Merger Agreement shall be included in or enclosed with the notice of a special meeting or the written consent.

  • Admission of Initial Limited Partners The Persons listed on Exhibit A as limited partners of the Partnership shall be admitted to the Partnership as Limited Partners upon their execution and delivery of this Agreement.

  • Transactions Not Requiring Instructions In the absence of contrary Written Instructions, PFPC Trust is authorized to take the following actions:

  • Conditions Precedent to Initial Borrowing The initial Borrowing under this Agreement is subject to the satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent.

  • Certificate and Opinion as to Conditions Precedent Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee:

  • Admission of Substitute Limited Partner (a) Subject to the other provisions of this Article 9, an assignee of the Limited Partnership Interest of a Limited Partner (which shall be understood to include any purchaser, transferee, donee, or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only with the consent of the General Partner and upon the satisfactory completion of the following:

  • Admission of Substituted Limited Partners By transfer of a Unit in accordance with Article 10, the transferor shall be deemed to have given the transferee the right to seek admission as a Substituted Limited Partner subject to the conditions of, and in the manner permitted under, this Agreement. A transferor of a Certificate shall, however, only have the authority to convey to a purchaser or other transferee who does not execute and deliver a Transfer Application (i) the right to negotiate such Certificate to a purchaser or other transferee, and (ii) the right to transfer the right to request admission as a Substituted Limited Partner to such purchaser or other transferee in respect of the transferred Units. Each transferee of a Unit (including, without limitation, any nominee holder or an agent acquiring such Unit for the account of another Person) who executes and delivers a Transfer Application shall, by virtue of such execution and delivery, be an Assignee and be deemed to have applied to become a Substituted Limited Partner with respect to the Units so transferred to such Person. Such Assignee shall become a Substituted Limited Partner (i) at such time as the General Partner consents thereto, which consent may be given or withheld in the General Partner’s sole discretion, and (ii) when any such admission is shown on the books and records of the Partnership, following the consent of the General Partner to such admission. If such consent is withheld, such transferee shall be an Assignee. An Assignee shall have an interest in the Partnership equivalent to that of a Limited Partner with respect to allocations and distributions, including, without limitation, liquidating distributions, of the Partnership. With respect to voting rights attributable to Units that are held by Assignees, the General Partner shall be deemed to be the Limited Partner with respect thereto and shall, in exercising the voting rights in respect of such Units on any matter, vote such Units at the written direction of the Assignee who is the Record Holder of such Units. If no such written direction is received, such Units will not be voted. An Assignee shall have none of the other rights of a Limited Partner.

  • Rights of Limited Partners Relating to the Partnership (a) In addition to the other rights provided by this Agreement or by the Act, and except as limited by Section 8.5(b) hereof, each Limited Partner and the Special Limited Partner shall have the right, for a purpose reasonably related to such Person’s interest as a limited partner in the Partnership, upon written demand with a statement of the purpose of such demand and at such Person’s own expense (including such reasonable copying and administrative charges as the General Partner may establish from time to time):

  • Admission of Limited Partners It is expressly agreed that this Agreement may be amended from time to time to reflect the admission of additional Limited Partners and the Company shall have full power and authority to execute and file such amendments pursuant to the power of attorney contained herein. Prior to being admitted to the Partnership, a Limited Partner shall agree in writing to be bound by and comply with all provisions of this Agreement. No other person or entity shall be admitted to the Partnership except with the prior written consent of the Company.

  • Actions Not Requiring Proper Instructions Unless otherwise instructed by the Trust, the Custodian shall with respect to all Securities held for the Fund:

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