Removal of General Partners Sample Clauses

Removal of General Partners. A General Partner may be removed upon the following conditions:
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Removal of General Partners. A. Subject to Section 11.3 of this Agreement, upon the Consent of more than 50% in Interest (as to capital and Profits and Losses) of the Limited Partners
Removal of General Partners. Any General Partner may be removed either by (a) the vote or written consent of at least two-thirds (2/3) of the Individual General Partners not subject to the removal vote or (b) the vote or written consent of Partners holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all Partners.
Removal of General Partners. At a meeting called by Interest Holders in accordance with Article XIV of this Agreement, Interest Holders holding more than 50% of the SDIs then held by investors may remove either or both of the General Partners and, upon such removal, elect upon the consent of Interest Holders holding more than 50% of the SDIs then held by investors one or more substitute General Partners. The substitution of a new General Partner for a removed General Partner shall be effective only if and when the following conditions have been satisfied:
Removal of General Partners. 97 14.3 Limitations on Withdrawal or Removal of a General Partner and Election of a Successor General Partner. . 97 14.4 Amendment of Agreement and Certificate of Limited Partnership. . . . . . . . . . . . . . . . . . . . . . 97 14.5 Interest of Departing Partner and Successor. . . . . . . 98 14.6
Removal of General Partners. (a) A General Partner may be removed as general partner (i) for "cause" (as hereinafter defined), upon an affirmative Majority Vote of the Limited Partners, or (ii) upon an affirmative Super-Majority Vote of the Limited Partners. Any such action by the Limited Partners also must provide for the election of a successor General Partner and shall become
Removal of General Partners. If any of the general partnership interests of Tenant are sold, assigned, conveyed, transferred or changed at any time when Tenant is the tenant hereunder and such sale, assignment, conveyance, transfer or change results in the withdrawal or removal of both of the persons who were general partners of Tenant on the Commencement Date unless said replacement general partners are approved by Landlord, which approval shall not be unreasonably withheld if he is satisfied as to (A) their operational expertise or the operational expertise of any manager retained by them and (B) their ability to meet the financial obligations imposed on Tenant hereunder and which approval shall be granted in the event Emeritus continues to operate the Facility under the Administrative Services Agreement (as defined below).
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Removal of General Partners. A. The Limited Partners holding Partnership Interests totalling at least seventy percent (70%) of the Partnership Interests of the Limited Partners may effect (i) the removal of one or more of the General Partners subject to the terms and conditions of Section 23B; and (ii) if desired, the selection of a successor General Partner under the terms of Section 25B.
Removal of General Partners. A Majority in Interest of the Limited Partners shall have the power and authority to remove a General Partner and to appoint a replacement General Partner, provided that any such replacement General Partner shall be a Person (i) who consents to such appointment, (ii) who is capable of performing the functions of the replaced General Partner hereunder, and (iii) who is an entity organized pursuant to a certificate of incorporation (or other constituent documents) which includes provisions in form and in substance that comply with the requirements of the Existing Financing. Any replacement General Partner appointed pursuant to this Section 6.13 shall, effective upon acceptance of such appointment, be admitted as a General Partner of the Partnership, and shall succeed to all of the powers and responsibilities of the replaced General Partner hereunder. In the event that the replaced General Partner is replaced pursuant to this Section 6.13 by a replacement General Partner which does not purchase such replaced General Partner's Partnership Interest, (i) such replaced General Partner shall be treated as an assignee of a Partnership Interest under Section 8.1 and may be admitted as a substituted Partner subject to the consent of a Majority in Interest of the Limited Partners and (ii) all Partnership Interests shall be reduced pro rata to the minimum extent necessary to admit the replacement General Partner as a Partner.
Removal of General Partners. A General Partner may not be removed by the other General Partners or the Limited Partners.
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