Common use of Cumulative Voting Clause in Contracts

Cumulative Voting. At each election for Directors, every Member entitled to vote at such election shall have the right to vote, in person or by proxy, the number of Units owned by him or her for as many persons as there are Directors to be elected and for whose election he or she has a right to vote, or to cumulate his or her votes by giving one candidate as many votes as the number of such Directors multiplied by the number of his or her Units, or by distributing such votes on the same principle among any number of candidates.

Cumulative Voting. At each election for Directors, every Voting Member entitled to vote at such election shall have the right to vote, in person or by proxy, the number of Voting Units owned by him or her such Voting Member, as applicable, for as many persons as there are Directors to be elected and for whose election he or she has a right to vote, or to cumulate his or her votes by giving one candidate as many votes as the number of such Directors multiplied by the number of his or her Voting Units, or by distributing such votes on the same principle among any number of candidates.

Cumulative Voting. At Unless otherwise provided by law, at each election for Directors, Directors every Member shareholder entitled to vote at such election shall have the right to vote, in person or by proxy, shall have the right to vote at such election the number of Units shares owned by him or her for as many persons as there are Directors to be elected and for whose election he or she has a right to vote, or to cumulate his or her votes by giving one candidate as many votes as the number of such Directors multiplied by the number of his or her Unitsshares shall equal, or by distributing such votes on the same principle among any number of candidates.