Voting Interest. Subject to Article 8.6 (Security Rights), each Party shall have a voting interest equal to its Working Interest or its Participating Interest, as applicable.
Voting Interest. Each PARTY shall have a voting interest equal to its WORKING INTEREST or its PARTICIPATING INTEREST as applicable.
Voting Interest. By executing this Agreement, First Union Bank of Delaware (the "Holder of the Voting Interest") shall acquire a 100% voting interest in the Trust (the "Voting Interest") and shall be deemed to have agreed to be bound by the terms and conditions set forth herein concerning the Voting Interest. Except as otherwise provided herein, the Holder of the Voting Interest shall have the sole power and authority to approve or disapprove actions requiring the approval or disapproval of Certificateholders. Except as otherwise provided herein, any action requiring the consent, approval or vote of Certificateholders shall be taken only upon the written consent, approval or vote of the Holder of the Voting Interest. In exercising such power and authority to give or withhold such consent, approval or vote, the Holder of the Voting Interest shall act only in accordance with and upon receipt of written instructions delivered to it by the Trustee (on which the Holder of the Voting Interest shall be fully protected in relying). The Holder of the Voting Interest shall have no obligation other than to exercise such power and authority in accordance with such instructions; provided, however, that no action may be taken that would increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Loans or distributions required to be made for the benefit of Certificateholders, or would adversely affect the Federal or state tax consequences to the Certificateholders, without the consent of all Certificateholders affected thereby. Notwithstanding any provision herein or in any other document to the contrary, the Holder of the Voting Interest shall not have any personal liability for any liability or obligation of the Trust, any action taken or omitted pursuant to any written instructions of the Trustee, or otherwise relating to the Trust or its serving as the Holder of the Voting Interest. The Holder of the Voting Interest may not sell, transfer, assign, pledge or otherwise convey, directly or indirectly, all or any part of the Voting Interest without the prior written consent of the Holder of the GP Interest. The Holder of the Voting Interest shall have no right to receive any amounts hereunder or under any other Basic Document or any other economic rights as a beneficial owner of the Trust, and, except as otherwise expressly set forth herein, the Voting Interest shall not be deemed a Certificate and the Holder of the Voting Interest sh...
Voting Interest. Each Party shall have a voting interest in the Operating Committee and (if applicable) in any sub committees equal to its Percentage Interest.
Voting Interest. (a) With respect to the Class A Units, "Voting Interest" shall mean that number of Class A Units held by a Member, and (b) with respect to the Class B Units, "Voting Interest" shall mean that number of Class B Units held by a Member divided by 10.
Voting Interest. “Voting Interest” means a Member’s right to vote in matters coming before the Company and to participate in the management of the Company.
Voting Interest. On matters of a general nature involving all Parties, each Party shall have a voting interest equal to its percentage ownership in the Lease at the time such vote is taken. On matters pertaining to a specific operation, each Participating Party shall have a voting interest equal to its Participating Interest at the time such vote is taken.
Voting Interest. Each Working Interest Owner shall have a voting interest equal to its Unit Participation which is in effect at the time the vote is taken.
Voting Interest. The Party's representative or representatives shall have one (1) vote at any meeting of the Management Committee.
Voting Interest. Each Party shall have a voting interest in the Operating Committee.
