Common use of Postal Votes Clause in Contracts

Postal Votes. 9.1 A Limited Partner may exercise the right to vote on any resolution set out in the notice of meeting by casting a postal vote in accordance with the provisions of this paragraph 9. 9.2 The postal voting form circulated with the notice of meeting will list each resolution and the Limited Partner may cast its votes on each resolution in the boxes provided. 9.3 To be counted, a Limited Partner's correctly completed postal voting form must be returned to the General Partner at the Registered Office of the Limited Partnership not less than 2 Business Days before the start of the meeting. The General Partner must reject any postal voting form and not count any votes attempted to be cast in any postal voting form that in its sole discretion is not correctly completed. The General Partner must act reasonably in exercising its discretion. 9.4 It is the duty of the General Partner: a. to receive and count the postal votes received for a meeting; and b. in relation to each resolution for which postal votes have been received, to count and calculate: i. the number of Limited Partners voting in favour of the resolution; ii. the number of votes cast (each vote representing one LP Unit) by each Limited Partner in favour of the resolution; iii. the number of votes cast in favour of the resolution as a percentage of the total votes cast; iv. the number of Limited Partners voting against the resolution; v. the number of votes cast (each vote representing one LP Unit) by each Limited Partner against the resolution; vi. the number of votes cast against the resolution as a percentage of the total votes cast; vii. the number of Limited Partners casting invalid votes; viii. the number of invalid votes cast (each vote representing one LP Unit) by Limited Partners; and ix. the number of invalid votes cast as a percentage of the total number of votes cast. 9.5 It is the duty of the General Partner: a. to sign a certificate which sets out the results of the counts and calculations required by paragraph 9.4; b. to ensure that the certificate required by paragraph 9.5a is presented to the chairperson of the meeting; c. to retain all voting forms for scrutiny by the Statutory Supervisor in the event of any dispute or challenge to the result of the voting.