Consent of Limited Partners. By acceptance of a Unit, each Limited Partner expressly approves and agrees that whenever in this Agreement it is specified that an action may be taken upon the affirmative vote of less than all the Limited Partners, such action may be so taken and each such Limited Partner shall be bound by the results of such action.
Consent of Limited Partners. Various provisions of this Agreement require or permit the consent, agreement, approval or disapproval, written or otherwise, of the Limited Partners. In any such case, the General Partner shall give all Limited Partners written notice of the action, event or agreement, and if such notice expressly so states, then if the Limited Partner does not indicate its disapproval by written notice to the General Partner within the period of time (not less than 15 days after mailing of the notice) specified in the notice, such Partner shall be deemed to have given its written consent, approval or agreement.
Consent of Limited Partners. The methods for allocating income and loss are hereby expressly consented to by each Limited Partner as a condition of becoming a Limited Partner.
Consent of Limited Partners. With respect to any action, decision or other matter arising under this Agreement which requires that the General Partner obtain the prior approval or consent of a Limited Partner or which is subject to the satisfaction of a Limited Partner, such approval, consent or satisfaction will be deemed to have been obtained for all purposes with respect to a Limited Partner if such Limited Partner does not inform the General Partner in writing of its objection to the proposed action, decision or other matter requiring an approval, consent or satisfaction within five (5) Business Days after the date on which the General Partner advises the Limited Partner in writing of the proposed action, decision or other matter.
Consent of Limited Partners. Each of Xxxxxxxxx, International, KED and Tortoise, by executing this Agreement, hereby authorizes and consents to the sale of the interests of IRP GP in Resource Partners to Buyer. In accordance with, and pursuant to the terms of the Second Amended and Restated Agreement of Limited Partnership of International Resource Partners LP dated as of April 18, 2008 (the “Partnership Agreement”), Buyer, as transferee of the general partnership units of Resource Partners agrees to assume the rights and duties of IRP GP under the Partnership Agreement and to be bound by the provisions of the Partnership Agreement, as it may be amended from time to time.
Consent of Limited Partners to Admission of Successor or Additional General Partners Subject to the provisions of Sections 6.1 and 6.4, each of the Limited Partners by the execution of this Agreement hereby Consents to the admission of any Person as a successor or additional General Partner to which there has at the time been express Consent of a majority in interest of the Limited Partners pursuant to Section 6.1. Upon receipt pursuant to Section 6.1 of the Consent of a majority in interest of the Limited Partners to such admission, subject to the provisions of Section 6.4, such admission shall, without any further Consent or approval of the Limited Partners, be an act of all the Limited Partners.
Consent of Limited Partners. Whenever this Agreement refers to obtaining the consent or approval of 80% of the LPs, a Majority of the Limited Partners or any other approval or consent of Limited Partners, or whenever consent of the Limited Partners is otherwise requested by the General Partner, the requisite consent with respect to a particular transaction, practice, amendment to this Agreement or other action (any such transaction, practice, amendment or other action being referred to in this Agreement as a “Consent Transaction”), shall be deemed to have been obtained if the requisite percentage or number of Limited Partners , approves such Consent Transaction, it being understood and agreed that, for purposes of the foregoing, a Limited Partner shall be deemed to have approved a Consent Transaction if such Limited Partner either (i) affirmatively approves such Consent Transaction prior to the completion, consummation or implementation thereof; (ii) fails to give notification to the Partnership of its objection to such Consent Transaction within thirty (30) days of such consent having been requested in writing; or (iii) has or is granted the opportunity to withdraw all amounts from its Capital Account prior to the completion, consummation or implementation thereof.
Consent of Limited Partners. Seller shall have obtained such limited partner consents as may be necessary ratifying the execution of this Agreement (provided that this condition shall be deemed waived unless Seller notifies Buyer in writing on or before March 15, 2003, that such consents have not be obtained).
Consent of Limited Partners. The General Partner shall not, without the prior Consent of the Limited Partners, on behalf of the Partnership, undertake any of the following actions:
Consent of Limited Partners. The Limited Partners hereby consent to the exercise by the General Partner of the powers conferred on the General Partner by this Agreement.
