Limited Partner Approval definition

Limited Partner Approval means the approval of a majority of the limited partners of Rhino.
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Limited Partner Approval is hereby modified by substituting "50%" in lieu of "66.66%".
Sample 1
Limited Partner Approval means approval to the transaction by over 66.66% of the limited partners of Shopco Regional Malls, L.P.
Sample 1

Examples of Limited Partner Approval in a sentence

  • Opinion of Counsel and Limited Partner Approval Our general partner will not be required to obtain an opinion of counsel that an amendment will not result in a loss of limited liability to the limited partners if one of the amendments described above under “–No Limited Partner Approval” should occur.

  • For groundwater driven systems, she has employed a series of groundwater flow models to predict groundwater elevations and water balances to determine purchases of water rights due to losses from evapotranspiration.

  • The number of Directors may be increased by a vote of a majority of the Independent Directors then in office, up to a maximum number of seven (7), and may be decreased by a vote of a majority of the Independent Directors then in office and a Minimum Limited Partner Approval, but in no event shall it be fewer than the minimum number of directors permitted to corporations organized under the laws of the State of Delaware.

  • Any increase in the amount of the Management Fee to be paid by the Partnership, whether such increase is proposed in the Investment Advisory Agreement or otherwise, shall require the greater of (i) approval by Partners as required under the 1940 Act; and (ii) Minimum Limited Partner Approval.

  • Any General Partner may be removed by a combination of (i) Minimum Limited Partner Approval, (ii) the unanimous vote of the Directors, and (iii) the appointment of a substituted General Partner who agrees to be bound by all of the terms of this Agreement.

  • This Agreement may be amended only by the written agreement of the parties whose rights are affected by the amendment, provided that any amendment that would increase the compensation to the Adviser hereunder shall require approval of the Fund’s Board and Minimum Limited Partner Approval (as defined in the Partnership Agreement).

  • Notwithstanding the foregoing, in the event that Seller delivers the Limited Partner Vote Notice evidencing the Limited Partner Approval into Escrow on or before 3:00 p.m. Pacific time on December 24, 1996, then the Closing Date shall occur on December 31, 1996 (unless the parties hereto agree, each in its sole and absolute discretion, to change the scheduled Closing Date).

  • Except as may be provided otherwise herein, the Closing Date shall occur prior to 5:00 p.m., Pacific time, on the seventh (7th) calendar day following delivery of the Limited Partner Vote Notice evidencing the Limited Partner Approval into Escrow, but in no event earlier than December 27, 1996 or later than March 31, 1997, unless the parties hereto agree, each in its sole and absolute discretion, to change the scheduled Closing Date.

  • Seller shall have obtained the Limited Partner Approval and delivered the Limited Partner Vote Notice evidencing the same to Buyer and Escrow Holder.

  • Opinion of Counsel and Limited Partner Approval The BPY General Partner will not be required to obtain an opinion of counsel that an amendment will not result in a loss of limited liability to the limited partners if one of the amendments described above under “– No Limited Partner Approval” should occur.


More Definitions of Limited Partner Approval

Limited Partner Approval shall have the meaning set forth in Section 8.1(a) hereof. (gg) "Limited Partners" means, collectively, the limited partners and unit holders of Seller. (hh) "Limited Partner Vote" shall have the meaning set forth in Section 8.1(a) hereof. (ii) "Limited Partner Vote Notice" shall have the meaning set forth in Section 8.1(b) hereof. (jj) "Liquor Licenses" means any government licenses, permits, or other authorizations for the sale and/or service of liquor, wine, beer, or other alcoholic beverage at the Hotel. (kk) "Meeting" shall have the meaning set forth in Section 8.1(a) hereof.
Sample 1
Limited Partner Approval means approval to the transaction by limited partners of Shopco Regional Malls, L.P. holding a majority of units in Shopco Regional Malls, L.P."
Sample 1

Related to Limited Partner Approval

  • Limited Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 1, 2017, as amended, supplemented or restated from time to time.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Limited Partners means all such Persons.

  • General Partner Loan has the meaning provided in Section 5.2(c) hereof.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Limited partnership means a limited partnership registered or formed under any law in force in Singapore or elsewhere;

  • Public-private partnership agreement means an agreement

  • General Partner means the general partner of the Partnership.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner without reference to any Limited Partner Interest held by it) which may be evidenced by Partnership Securities or a combination thereof or interest therein, and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Organizational Limited Partner means Xxxxx X. Xxxxxxx.

  • Operating Partnership Agreement means the Limited Partnership Agreement of the Operating Partnership, as amended from time to time.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • GP means Gottbetter & Partners, LLP.

  • Original Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Consent of the Limited Partners means the Consent of a Majority in Interest of the Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and may be given or withheld by a Majority in Interest of the Limited Partners, unless otherwise expressly provided herein, in their sole and absolute discretion.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).