Majority LP Vote definition

Majority LP Vote. As defined in Section 11.6(g).

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Majority LP Vote means the affirmative vote or consent of Limited Partners holding Voting Interests representing more than fifty percent (50%) of the Percentage Interests attributable to Voting Interests held by the Limited Partners on the record date set for an LP Vote. A “Super Majority LP Vote” means the affirmative vote or consent of Limited Partners holding Voting Interests representing sixty-six and two-thirds percent (662/3%) or more of the Percentage Interests attributable to Voting Interests held by the Limited Partners on the record date set for an LP Vote. A “75% Majority LP Vote” means the affirmative vote or consent of Limited Partners holding Voting Interests representing seventy-five percent (75%) or more of the Percentage Interests attributable to Voting Interests held by the Limited Partners on the record date set for an LP Vote. A “Majority Partner Vote” means the affirmative vote or consent of Partners holding Voting Interests representing more than fifty percent (50%) of the Percentage Interests attributable to Voting Interests held by the Partners on the record date set for a Partner Vote. A “Super Majority Partner Vote” means the affirmative vote or consent of Partners holding Voting Interests representing sixty-six and two-thirds percent (662/3%) or more of the Percentage Interests attributable to Voting Interests held by the Partners on the record date set for a Partner Vote. A “75% Majority Partner Vote” means the affirmative vote or consent of Partners holding Voting Interests representing seventy-five percent (75%) or more of the Percentage Interests attributable to Voting Interests held by the Partners on the record date set for a Partner Vote.

Majority LP Vote means the affirmative vote or consent of Limited Partners owning Partnership Interests having an aggregate Percentage Interest of more than fifty percent (50%) on the record date set for a vote of the Limited Partners. A “Super Majority LP Vote” means the affirmative vote or consent of Limited Partners owning Partnership Interests having an aggregate Percentage Interest of sixty-six and two-thirds percent (66 2/3%) or more on the record date set for a vote of the Limited Partners. A “75% Majority LP Vote” means the affirmative vote or consent of Limited Partners owning Partnership Interests having an aggregate Percentage Interest of seventy-five percent (75%) or more on the record date set for a vote of the Limited Partners. Where any vote of Limited Partners is required under this Agreement but the Percentage Interest required to act is not specifically stated, such action shall be approved by Majority LP Vote.

Examples of Majority LP Vote in a sentence

If this Agreement requires any action be taken by or with the consent of Fund Investors by a Fund Vote, such action may be taken only at a meeting of Fund Investors pursuant to a written notice authorized by a Majority LP Vote to all Fund Investors, which notice shall specify the time and place of such meeting (which shall be not less than 30 Business Days after the date of such notice) and the purpose for which such meeting is called.
The Partnership will not make any distribution in kind without the approval of the Limited Partners by a Majority LP Vote, except for distributions of publicly-traded securities made with the Advisory Committee’s approval pursuant to Section 5.4 hereof.
The Managing General Partner, or if there is no Managing General Partner, a liquidator appointed by a Majority LP Vote, shall be the liquidator to wind up the affairs of the Partnership and to manage the Partnership’s assets during the winding up.
The General Partner, or if there is no general partner, a liquidator appointed by a Majority LP Vote, shall be the liquidator to wind up the affairs of the Partnership and to manage the Partnership's assets during the winding up.
The Partnership will not make any distribution in kind without the approval of the Limited Partners by a Majority LP Vote, except for distributions of publicly-traded securities made with the Advisory Committee's approval pursuant to Section 5.4 hereof.
Where any vote of Limited Partners is required under this Agreement but the Percentage Interest required to act is not specifically stated, such action shall be approved by Majority LP Vote.
Without the consent of the Limited Partners by a Super Majority LP Vote, the General Partner shall not have the right to assign or otherwise transfer its interest as the general partner of the Partnership (but may pledge its interest in connection with any Partnership borrowing) other than to another H▇▇▇▇ Controlled Entity, and the General Partner shall not have the right to withdraw from the Partnership.
The General Partner, or if there is no general partner, a liquidator appointed by a Majority LP Vote, shall be the liquidator to wind up the affairs of the Partnership and to manage the Partnership’s assets during the winding up.
Except as otherwise required by the Act, the Limited Partners may not require the Partnership to take any action, and the consent of the Limited Partners shall not be required for the Partnership to take any action, except to the extent this Agreement requires the taking of an action approved by, or prohibits the taking of any action unless approved by, a specified vote or consent of Limited Partners, which may be a Majority LP Vote, a Super Majority LP Vote or a 75% Majority LP Vote.
A "Super Majority LP Vote" means the affirmative vote of Limited Partners holding Partnership Interests representing sixty-six and two-thirds percent (66 2/3%) or more of the Percentage Interests in the Partnership on the record date set for an LP Vote.

More Definitions of Majority LP Vote

Majority LP Vote means the affirmative vote of Limited Partners holding more than fifty percent (50%) of the Units outstanding on the record date set for an LP Vote. A "Super Majority LP Vote" means the affirmative vote of Limited Partners holding sixty-six and two-thirds percent (66 2/3%) or more of the Units outstanding on the record date set for an LP Vote. A "75% Majority LP Vote" means the affirmative vote of Limited Partners holding seventy-five percent (75%) or more of the Units outstanding on the record date set for an LP Vote. A "Majority Partner Vote" means the affirmative vote of Partners holding more than fifty percent (50%) of the Units outstanding on the record date set for a Partner Vote. A "Super Majority Partner Vote" means the affirmative vote of Partners holding sixty-six and two-thirds percent (66 2/3%) or more of the Units outstanding on the record date set for a Partner Vote. A "75% Majority Partner Vote" means the affirmative vote of Partners holding seventy-five percent (75%) or more of the Units outstanding on the record date set for a Partner Vote.

Majority LP Vote. As defined in Section 11.6(g). “Majority Partner Vote”: As defined in Section 11.6(g). “Management Board”: As defined in Section 5.3(a). “Management Team”: As defined in Section 5.5. “Managing General Partner”: Hines US Core Office Capital LLC, a Delaware limited liability company, and its successors, and any Person hereafter admitted as a general partner designated the Managing General Partner of the Partnership in accordance with the terms of this Agreement. “Managing General Partner Expenses”: As defined in Section 7.1. “Moody’s”: Moody’s Investor Services, Inc. “Non-Managing General Partner”: As defined in Section 5.11(a). “NOP”: National Office Partners Limited Partnership, a limited partnership formed by the State of California Public Employees’ Retirement System and an Affiliate of Hines. “Notice of Redemption”: As defined in Section 3.8 and, as the context requires, as defined in the corresponding provisions of the Constituent Documents of US Core Trust and US Core Properties. “NY Trust”: Hines-Sumisei NY Core Office Trust, a Maryland real estate investment trust, and its successors. “Operating Company”: NY Trust, US Core Trust, US Core Properties, any successor to any of the foregoing, and any Entity hereafter designated an “Operating Company” by the Managing General Partner, subject to the provisions of Section 5.1. “Operating Company Expenses”: As defined in Section 7.5(a). 8

Majority LP Vote means the affirmative vote of Limited Partners holding Partnership Interests representing more than fifty percent (50%) of the Percentage Interests in the Partnership on the record date set for an LP Vote. A "Super Majority LP Vote" means the affirmative vote of Limited Partners holding Partnership Interests representing sixty-six and two-thirds percent (66 2/3%) or more of the Percentage Interests in the Partnership on the record date set for an LP Vote. A "75% Majority LP Vote" means the affirmative vote of Limited Partners holding Partnership Interests representing seventy-five percent (75%) or more of the Percentage Interests in the Partnership on the record date set for an LP Vote. A "Majority Partner Vote" means the affirmative vote of Partners holding Partnership Interests representing more than fifty percent (50%) of the Percentage Interests in the Partnership on the record date set for a Partner Vote. A "Super Majority Partner Vote" means the affirmative vote of Partners holding Partnership Interests representing sixty-six and two-thirds percent (66 2/3%) or more of the Percentage Interests in the Partnership on the record date set for a Partner Vote. A "75% Majority Partner Vote" means the affirmative vote of Partners holding Partnership Interests representing seventy-five percent (75%) or more of the Percentage Interests in the Partnership on the record date set for a Partner Vote.