Common use of Actions on Certain Matters Clause in Contracts

Actions on Certain Matters. (i) With respect to any determination by the General Partner pursuant to Section 8.17 of the LP Agreement, such determination shall be made by no less than a majority of Directors unaffiliated with the interested party. (ii) [Intentionally omitted]. (iii) With respect to any determination by the General Partner to Transfer all or any portion of Interests held by the General Partner, such determination shall be made by no less than sixty-six and two-thirds percent (66 2/3%) of the Directors.

Appears in 3 contracts

Sources: Securityholders Agreement, Securityholders Agreement (Laureate Education, Inc.), Securityholders Agreement (Laureate Education, Inc.)