Common use of Voting Determination Clause in Contracts

Voting Determination. Voting shall be based on: (choose one) ☐ - Ownership. In proportion to each Partner’s ownership. ☐ - Equal Vote. An equal vote for each Partner. Changes to the Partnership. Any changes made to the Partnership shall require a: (choose one) ☐ - Majority Vote. A majority vote of the Partners. ☐ - 2/3 Vote. A 2/3 vote of the Partners. ☐ - Unanimous Vote. A unanimous vote of the Partners. ☐ - Other. [OTHER] Changes to the Partnership shall include, but not be limited to, adding new Partners, transferring ownership of Partner interest, removing the General Partner(s), dissolution of the Partnership, and any other legal, structural, employment, or organizational amendments.

Appears in 13 contracts

Sources: Partnership Agreement, Partnership Agreement, Partnership Agreement

Voting Determination. Voting shall be based on: (choose one) ☐ - Ownership. In proportion to each Partner’s ownership. ☐ - Equal Vote. An equal vote for each Partner. Changes to the Partnership. Any changes made to the Partnership shall require a: (choose one) ☐ - Majority Vote. A majority vote of the Partners. ☐ - 2/3 Vote. A 2/3 vote of the Partners. ☐ - Unanimous Vote. A unanimous vote of the Partners. ☐ - Other. [OTHER] Changes to the Partnership shall include, but not be limited to, adding new Partners, transferring ownership of Partner interest, removing the General Partner(s), dissolution of the Partnership, and any other legal, structural, employment, or organizational amendments.

Appears in 1 contract

Sources: Partnership Agreement