Common use of Voting Procedures for Actions Requiring Super-Majority or Simple Majority Purchaser Approval Clause in Contracts

Voting Procedures for Actions Requiring Super-Majority or Simple Majority Purchaser Approval. Notwithstanding anything in this Management Agreement to the contrary, Purchasers shall have seven calendar days upon receipt of notice of any action requiring Purchaser approval under Section 4.1 or 4.2 (the “Notice Period”) within which to either approve or deny the action. In the event an Purchaser does not approve or deny an action requiring approval within the Notice Period, Purchaser shall relinquish such right, and Manager shall have full, exclusive, and complete discretion, power, and authority to either approve or deny the given action with respect to the Portfolio Company Securities on Purchasers behalf.

Voting Procedures for Actions Requiring Super-Majority or Simple Majority Purchaser Approval. Notwithstanding anything in this Management Investor Proxy Agreement to the contrary, Purchasers shall have seven calendar days upon receipt of notice of any action requiring Purchaser approval under Section 4.1 or 4.2 (the “Notice Period”) within which to either approve or deny the action. In the event an Purchaser does not approve or deny an action requiring approval within the Notice Period, Purchaser shall relinquish such right, and Manager SeedInvest shall have full, exclusive, and complete discretion, power, and authority to either approve or deny the given action with respect to the Portfolio Company Securities on Purchasers behalf.