Governance Rights definition

Governance Rights means all of a Member's rights as a Member in the Company other than Financial Rights and the right to assign Financial Rights.

Governance Rights means the right to participate in governance of a limited cooperative association.

Governance Rights means all of a member's rights as a member in the limited

Examples of Governance Rights in a sentence

• Governing Council decisions shall be taken by consensus of all Governing Council members having Governance Rights.

• Lack of Governance Rights: CNHC confers no governance rights of any kind with respect to CNHCGL, so all decisions involving CNHC will be made by CNHCGL or the relevant group entity at its sole and absolute discretion, including, but not limited to, decisions to discontinue the operations or development of CNHC, or to sell or liquidate any group entity.

• Member" means a person who owns some Governance Rights and whole ownership of those rights is reflected in the Required Records.

• No Member holding solely Governance Rights of the Company shall be required to make any Additional Capital Contributions to the Company.

• Ownership of Membership Interests and the Units designating Membership Interests, including the Governance Rights and Financial Rights, shall be as is reflected in the required records of the Company and shall be binding on the Company only to the extent so reflected.

More Definitions of Governance Rights

Governance Rights means all of a member's rights as a member in the limited liability company other than financial rights and the right to assign financial rights.

Governance Rights means all rights associated with a Membership Interest in the Company other than Financial Rights and the right to assign such Governance Rights (including, without limitation, rights to vote, receive notices and attend meetings of the Members or the Board) in accordance with the terms of this Agreement and the Articles of Organization.

Governance Rights means the rights of a Member or with respect to an Interest, or benefits accorded to such Member or with respect to such Interest, pursuant to Section 3.6 (Additional Issuances of Units), 6.5 (Voting), 6.6 (Required Consents), Section 7.3 (Number and Designation of Rights), Section 7.4 (Voting and Act of the Board), Article 9 (Books, Records, Accounting and Reports), Section 12.2 (Tag-Along Rights), Section 12.3 (Take-Along Rights) and Section 12.5 (Liquidity Option); provided, however, that the obligations of such Member or with respect to such Interest in such designated sections or otherwise in this Agreement shall not be included in the definition of “Governance Rights.”

Governance Rights means collectively, a Member’s right to vote as set forth in this Agreement or required by the Act. The Governance Rights of a Member shall mean as to any matter to which the Member is entitled to vote hereunder or as may be required under the Act, the right to one (1) vote for each Unit registered in the name of such Member as shown in the Membership Register.

Governance Rights means the right to participate in

Governance Rights means the right to participate in governance of a limited

Governance Rights means a member’s right to vote on one (1) or more matters, all of a member’s other rights as a member in the LLC under the LLC documents or this Act, other than financial rights, and the right to transfer the voting and other rights described in this § [102(13)].