Generally No Voting Rights; Votes Per Share. Notwithstanding any provision in the Operating Agreement to the contrary, Series B Holders will not have any voting rights, except as set forth in this Section 2.7 or as otherwise required by applicable law. To the extent that Series B Holders are entitled to vote, each Series B Holder will have one vote per Series B Preferred Share, except that when Parity Securities have the right to vote with the Series B Preferred Shares as a single class on any matter, the Series B Preferred Shares and such Parity Securities will have one vote for each $25.00 of liquidation preference (for the avoidance of doubt, excluding accumulated distributions). Annex B-13
Appears in 1 contract
Samples: Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC)
Generally No Voting Rights; Votes Per Share. Notwithstanding any provision in the Operating Agreement to the contrary, Series B A Holders will not have any voting rights, except as set forth in this Section 2.7 or as otherwise required by applicable law. To the extent that Series B A Holders are entitled to vote, each Series B A Holder will have one vote per Series B A Preferred Share, except that when Parity Securities have the right to vote with the Series B A Preferred Shares as a single class on any matter, the Series B A Preferred Shares and such Parity Securities will have one vote for each $25.00 of liquidation preference (for the avoidance of doubt, excluding accumulated distributions). Annex B-13.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC)
Generally No Voting Rights; Votes Per Share. Notwithstanding any provision in the Operating Agreement to the contrary, Series B A Holders will not have any voting rights, except as set forth in this Section 2.7 or as otherwise required by applicable law. To the extent that Series B A Holders are entitled to vote, each Series B A Holder will have one vote per Series B A Preferred Share, except that when Parity Securities have the right to vote with the Series B A Preferred Shares as a single class on any matter, the Series B A Preferred Shares and such Parity Securities will have one vote for each $25.00 of liquidation preference (for the avoidance of doubt, excluding accumulated distributions). Annex B-13A-13
Appears in 1 contract
Samples: Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC)
Generally No Voting Rights; Votes Per Share. Notwithstanding any provision in the Operating Agreement to the contrary, Series B A Holders will not have any voting rights, except as set forth in this Section 2.7 or as otherwise required by applicable law. To the extent that Series B A Holders are entitled to vote, each Series B A Holder will have one vote per Series B A Preferred Share, except that when Parity Securities have the right to vote with the Series B A Preferred Shares as a single class on any matter, the Series B A Preferred Shares and such Parity Securities will have one vote for each $25.00 of liquidation preference (for the avoidance of doubt, excluding accumulated distributions). Annex B-13A - 13
Appears in 1 contract
Samples: Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC)
Generally No Voting Rights; Votes Per Share. Notwithstanding any provision in the Operating Agreement to the contrary, Series B Holders will not have any voting rights, except as set forth in this Section 2.7 or as otherwise required by applicable law. To the extent that Series B Holders are entitled to vote, each Series B Holder will have one vote per Series B Preferred Share, except that when Parity Securities have the right to vote with the Series B Preferred Shares as a single class on any matter, the Series B Preferred Shares and such Parity Securities will have one vote for each $25.00 of liquidation preference (for the avoidance of doubt, excluding accumulated distributions). Annex B-13B - 13
Appears in 1 contract
Samples: Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC)