Vote of the Partners definition

Vote of the Partners means the unanimous approval of all of the Partners of the Partnership.
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Examples of Vote of the Partners in a sentence

  • No transferee which has obtained an Interest without a Vote of the Partners as required by this Section 8.1 or as provided in Sections 8.1.2, or which has failed to comply with Section 8.4, shall have any right to become a Partner of the Partnership and shall not be an assignee, and such Transfer without the Vote of the Partners shall be null and void and of no effect.

  • Its assets shall be liquidated and its affairs shall be wound up as soon as practical thereafter by HM and the Investor Representatives, or if for any reason there is no General Partner or Investor Representative, by another Person designated by a Majority Vote of the Partners.

  • Except for the Asset Management Agreement and the Property Management Agreement, no Partner shall, on behalf of the Partnership, enter into contracts with itself or any Affiliate without a prior Vote of the Partners.

  • Each Partner shall have a number of Votes equal to the Percentage Interest held by such Partner, provided that if, pursuant to the Act or the terms of this Agreement, a Partner is not entitled to Vote on a specific matter, then such Partner's number of Votes and Percentage Interest shall not be considered for purposes of determining whether a quorum is present, or whether approval by a Vote of the Partners has been obtained in respect of such specific matter.

  • Except as otherwise provided in this Article 8, no transfer, hypothecation, pledge, encumbrance or assignment of a Partner’s Interest, or any part thereof or any right to receive distributions thereof, direct or indirect, at any level or tier of ownership, in the Partnership (a “Transfer”) will be valid without a Vote of the Partners.

  • This Agreement may be amended only by the Simple Majority Vote of the Partners.

  • The General Partner may not sell, assign or otherwise dispose of the GP Units and its rights and obligations under this Agreement except as approved by a Standard Vote of the Partners.

  • Proposed amendments to this Agreement shall be adopted if consented to by the unanimous Vote of the Partners, unless a lesser Vote is required by law or by this Agreement.

  • Except as otherwise provided in this Article 8, no transfer, hypothecation, pledge, encumbrance or assignment of a Partner's Interest, or any part thereof or any right to receive distributions thereof, direct or indirect, at any level or tier of ownership, in the Partnership (a "Transfer") will be valid without a Vote of the Partners.

  • Additional Units may be authorized and issued by the Partnership to any Additional Limited Partner in connection with the receipt of new Capital Contributions from, and the admission to the Partnership of, such Additional Limited Partner upon such terms and conditions as may be approved by the Majority Vote of the Partners.

Related to Vote of the Partners

  • Limited Partners means all such Persons.

  • Majority in Interest of the Partners means Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Partners entitled to Consent to or withhold Consent from a proposed action.

  • General Partner means the general partner of the Partnership.

  • 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.

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Lead Partner means the lead partner of a joint venture, as described in Sub-Clause

  • General Partners means all such Persons.

  • Managing Member is defined 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.

  • Company Board of Directors means the board of directors of the Company.

  • 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.

  • Hosting Partners means companies who entered into an agreement with CIPC in the areas of application management; application hosting, application service provision, and marketplace hosting are incorporated in this category.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • Parent Board means the board of directors of Parent.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • 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.

  • Company Board means the Board of Directors of the Company.

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

  • State Water Board means the State Water Resources Control Board.

  • ESC means erosion and sediment control.

  • Nominating Committee means the nominating committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Managing Committee means the individual or the body of individuals entrusted or charged with the management and administration of a private educational institution and where a society, trust, or an association manages more than one such institution, includes the managing committee of each such institution;