Majority in Interest of Partners definition

Majority in Interest of Partners means Partners (other than Preferred Limited Partners) holding Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Partners (other than Preferred Limited Partners).
Sample 1Sample 2Sample 3
Majority in Interest of Partners means Partners holding Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Partners.
Sample 1Sample 2Sample 3
Majority in Interest of Partners means Partners owning more than fifty percent (50%) of the Partnership Percentages.
Sample 1

Examples of Majority in Interest of Partners in a sentence

  • Except upon approval by a Majority in Interest of Partners and a majority of Directors, the Partnership will not engage in any of the investment practices set forth in Schedule C hereto, except to the extent described in such Schedule C.

  • The General Partners shall use their best efforts to admit a new Limited Partner in place of such withdrawing Limited Partner, provided, however, any such new Limited Partner shall be approved in writing by a Majority in Interest of Partners.

Related to Majority in Interest of Partners

  • Majority in Interest of the Limited Partners means Limited Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners.

  • Majority in Interest of the Members means Members whose Percentage Interests aggregate to greater than fifty percent of the Percentage Interests of all Members.

  • Majority Holders means at any time Holders representing a majority of the Registrable Securities.

  • Consent of the Partners means the Consent of Partners, other than the Preferred Limited Partners, holding Percentage Interests that in the aggregate are equal to or greater than a majority of the aggregate Percentage Interests of all Partners, other than the Preferred 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 such Partners, in their sole and absolute discretion.

  • 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.

  • 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.