Common use of Restricted Voting Elections Clause in Contracts

Restricted Voting Elections. (a) Notwithstanding the fact that the Class A Units are intended to not have any voting rights other than as required by Applicable Law and that the Class B Units shall not have any voting rights as set forth in Sections 3.1 and 3.2, a Class A Member may give an irrevocable notice (in accordance with Section 3.10(b) below) of its election (the “Restricted Voting Election”) to be treated for purposes of this Agreement as a “Restricted Voting Member,” such that the maximum percentage of the aggregate voting interests attributable to the Class A Units that such Member may own is such percentage as is designated in such Member’s Restricted Voting Election (such Restricted Voting Member’s “Maximum Aggregate Voting Interest”), by delivering written notice to the Company in the form attached as Exhibit H hereto.

Appears in 6 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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