Examples of Approval of the Limited Partners in a sentence
The Partnership may not merge, consolidate or combine with or into any other Person without the Approval of the Limited Partners.
Additional Funds may be obtained by the Partnership, at the election of the General Partner, in any manner provided in, and in accordance with, the terms of this Section 3.02 and, except as otherwise provided herein, without the Approval of the Limited Partners.
The Non-Affiliate Limited Partners, if any, shall, upon Approval of the Limited Partners, appoint a Limited Partner to be the limited partner representative of the Non-Affiliate Limited Partners (the “Limited Partner Representative”) for the purposes set forth in this Agreement.
Upon any breach by the Partnership or by any Affiliate of the General Partner of the terms of any contract between the Partnership and any Affiliate of the General Partner (an “Affiliate Contract”) which breach has a material adverse effect on the business of the Partnership, the Limited Partners by and through the Limited Partner Representative and upon Approval of the Limited Partners may prosecute the rights of the Partnership under such Affiliate Contract.
This Agreement may not be amended without the prior written consent of the General Partner and the Approval of the Limited Partners, except that the General Partner may amend and update the Partnership Agreement to reflect admissions, substitutions or withdrawals of Partners upon the issuance, redemption or transfer of Units without the Approval of the Limited Partners.
A transferee of the Partnership Interest of the General Partner transferred in accordance with this Article shall not be admitted to the Partnership as a General Partner without the Approval of the Limited Partners.
With the prior Approval of the Limited Partners and the written consent of the General Partner, the Partnership is authorized to admit additional Limited Partners at such prices and on such terms as shall be determined by the General Partner.
Except as otherwise expressly provided in this Agreement, the Approval of the Limited Partners with the written approval of the General Partner shall control.
Rather, that determination of whether or not to dissolve the Partnership should be made by the General Partner, subject to Approval of the Limited Partners, on a filing by the Partnership, and by the Approval of the Limited Partners on a filing by a General Partner.
If the Limited Partners elect to continue the business of the Partnership, and there is then no General Partner, a substitute General Partner shall be elected on the written Approval of the Limited Partners, but if no substitute General Partner shall be elected and commence to serve as such within thirty (30) days after the effective date of the election to continue, the Partnership shall be wound up under Section 12.3, notwithstanding the election to continue.