Common use of Separate Vote by Class or Series Clause in Contracts

Separate Vote by Class or Series. Where the Units or Preferred Units are entitled to vote on an amendment in Section 2.2.2 and a class of Units or series of Preferred Units would be adversely affected by such amendment in a different manner than other classes of Units or series of Preferred Units, then such class or series that is adversely affected in a different manner shall have the additional right to vote as a separate class on such matter.

Appears in 4 contracts

Samples: Operating Agreement (JCM Partners LLC), Operating Agreement (JCM Partners LLC), Operating Agreement (JCM Partners LLC)

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