Effective LP Oversite of GP

For deals that aren’t going exactly as planned, what’s an LP to do? I’m curious if anyone has examples of when LP’s have had a positive influence on the ultimate outcome of a project, even if they were just pref equity and didn’t have much legal standing in the operating agreement. For more experienced LPs, are there specific elements of operating agreements that you require in order to give you some real influence over the GP if the project goes south? Click to read more at www.wallstreetoasis.com.