Approved by the Partners definition

Approved by the Partners is defined in Section 1.11.

Approved by the Partners means the approval of those Limited Partners who, together with the General Partner, have collective ownership interests of at least sixty-seven percent (67%) of the aggregate Sharing Percentage of all Partners at the time the proposed Partnership action is being considered for approval.

Approved by the Partners means the affirmative approval, determined under Section 6.5, of Partners then entitled to vote who hold in the aggregate more than fifty percent (50%) of the LP Units.

Examples of Approved by the Partners in a sentence

• Notwithstanding anything to the contrary in this Agreement, any action that may be taken at a meeting of the Partners may be taken without a meeting if a consent in writing setting forth the action so taken is Approved by the Partners, which consent may be executed in multiple counterparts.

• In order for a decision or action to be "Approved by the Partners" (or any variation thereof), the decision or action must be Approved by at least one Authorized Representative of each Partner who then continues to have Approval rights with respect to such action or decision under this Agreement.

• After the admission of such assignee or transferee as a Substituted Partner, such transferor Partner shall only be primarily and directly liable under this Agreement or otherwise for any obligations or liabilities accruing prior to the effective time of the admission of such Substituted Partner, unless such transferor Partner is released in writing from such obligations or liabilities by the General Partner and such release is Approved by the Partners.

• The Partners may lend money to the Partnership for any Partnership purposes on terms that are Approved by the Partners from time to time.

• A third-party liquidator may be appointed as the Liquidator if Approved by the Partners other than Terminated Partners.

More Definitions of Approved by the Partners

Approved by the Partners means approved by Unanimous Consent of all Partners who may vote, consent, or withhold consent on an issue or act at the time such vote or consent is required. "Approved By The Limited Partners" means approved in the manner set forth in this paragraph by those Limited Partners who may vote, consent, or withhold consent on an issue or act at the time such consent is required; provided, however, that if there are no such Limited Partners, then by the Managing General Partner. Consent by such Limited Partners who may vote, consent, or withhold consent on an issue or act shall mean an affirmative vote of 51% of the Limited Partner Interests of Limited Partners who may consent on any issue or act. Notwithstanding anything elsewhere contained in this Agreement, no Partner shall have or may vote on or give or withhold consent on any issue or act, if such right to vote, consent to, or withhold consent will be considered to be the direct or indirect retention of the voting rights of the shares of stock of a Controlled Corporation that such Partner has contributed to or transferred in any way to the Partnership.

Approved by the Partners means the written approval of the General Partner and those Limited Partners who, at the time the Partnership action is being considered for approval, own at least a majority of the Sharing Percentages owned by all of the Limited Partners.

Approved by the Partners means the affirmative approval of the General Partner and of more than fifty percent (50%) of the Percentage Interests of the Partners then entitled to vote.

Approved by the Partners means the approval of those Partners (including the General Partner and Affiliates) having aggregate Sharing Percentages equal to at least fifty and one-tenth percent (50.1%) of the aggregate Sharing Percentage of all Partners at the time the proposed Partnership action is being considered for approval.

Approved by the Partners means the approval of both (i) the General Partner and (ii) those Limited Partners who hold more than 50% of the Sharing Percentage held by all Limited Partners at the time the proposed Partnership action is being considered for approval.

Approved by the Partners means any action of the Partnership or any Partner which is approved in writing by both Sponsor Partner and BIT Partner.

Approved by the Partners means approved in writing by the affirmative vote of the General Partner and Limited Partners holding an Interest or Percentage Interests (as hereinafter defined in either of the subsections titled “INTEREST” or “PERCENTAGE INTEREST”) greater than 50% of the outstanding Percentage Interests held by the General Partner and the Limited Partners. The process described above shall also be known as “APPROVAL OF THE PARTNERS.”