Voting Rights of Limited Partners. A. Except as provided in Subsection 5.2(b), the Limited Partners shall not have either the obligation or the right to take part, directly or indirectly, in the active management or control of the business of the Partnership.
Voting Rights of Limited Partners. 15.1 The voting rights granted to the Limited Partners in Sections 9.3, 9.9, 13.3, 13.4, and 14.1 hereof are granted pursuant to Section 15507 of the Limited Partnership Act as in effect in the State of California. A Limited Partner shall not be deemed to take part in the control of the Partnership by virtue of his possessing or exercising such voting rights.
Voting Rights of Limited Partners. 10.2.1. The holders of a majority of the outstanding Units may, without the concurrence of the General Partner:
Voting Rights of Limited Partners. In addition to any other voting rights granted to 486 the Limited Partners under The Agreement, the Limited Partners have the right to vote on the following matters. 488 (1) The dissolution and winding up of The Partnership, pursuant to Article 12.
Voting Rights of Limited Partners. During the Initial Holding ------------------------------------------------------------ Period. ------
Voting Rights of Limited Partners. Subject to Section 10.3, a majority in interest of the Limited Partners, without the concurrence of the General Partners, may (i) amend this Agreement, subject to the provisions of Section 11.2B and to the conditions that such amendment (a) may not in any manner allow the Limited Partners to take part in the control of the Partnership's business and (b) may not, without the consent of the General Partner affected, alter the rights, powers and duties of such General Partner as set forth in Article Five, the interest of the General Partners in Profits or Losses for Tax Purposes or in Disbursable Cash or Sale or Refinancing Proceeds or the valuation of the Interest of a General Partner as provided in Section 6.6; (ii) dissolve the Partnership; or (iii) remove any General Partner and (unless such General Partner was the sole remaining General Partner) elect a replacement therefor.
Voting Rights of Limited Partners. Except as otherwise provided in this Agreement, the management of the Partnership is vested solely in the Board. The Limited Partners, acting solely in their capacity as Limited Partners, shall have no power to participate in the management of the Partnership, except as expressly provided in this Agreement.
Voting Rights of Limited Partners. Except as provided in Subsection 5.2(b), the Limited Partners shall not have either the obligation or the right to take part, directly or indirectly, in the active management or control of the business of the Partnership. The following Partnership actions may only be taken after approval by vote of the Partners: Veto of a call for additional capital as set forth in Section 3.2; Admission of an additional General Partner under Section Admission of an additional Limited Partner under Section 2.4; Admission of a Substituted General Partner under Section 9.2; Amendment of the Partnership Agreement as provided in Subsection 13.2; The sale or transfer of the Project; Approval of Partner loans pursuant to Section 7.3; Consent to dissolution under Section 12.2; and Election of a new general partner under Section 12.3. Except where otherwise expressly set forth in this Agreement, all of the acts listed in Section 5.2(b)(i) through 5.2(b)(ix) shall be approved by fifty-one percent (51%) vote of the interests of the Partners, each Partner having one vote for each one percent (1%) interest in profits and losses owned by that Partner with the General Partner having the same voting rights as a Limited Partner.
Voting Rights of Limited Partners. Each Partner holding Class A Units shall be entitled to one vote for each Class A Unit held by such Partner on any poll taken at a meeting of Partners.
Voting Rights of Limited Partners. The Limited Partners shall have the right to vote only on amendments to this Agreement approved by all General Partners which affect in a materially adverse way the rights, powers or duties of the Limited Partners, subject to the provisions of Section 13.2, provided that such amendments (a) shall not allow the Limited Partners to take part in the management or control of the Partnership's business, and (b) shall not, without the written consent of the General Partners, alter the rights, powers or duties of the General Partners as set forth herein.
