Common use of VOTING RIGHTS OF HOLDERS OF PREFERRED SECURITIES Clause in Contracts

VOTING RIGHTS OF HOLDERS OF PREFERRED SECURITIES. (a) Except as shall be otherwise provided in this Agreement, including without limitation, Section 16.1 of this Agreement, or in the Preferred Securities Designation for any series of Preferred Securities and except as otherwise required by the Delaware Act, the Preferred Members holding Preferred Securities shall have, with respect to such Preferred Securities, no right or power to vote on any question or matter or in any proceeding or to be represented at, or to receive notice of, any meeting of Members.

VOTING RIGHTS OF HOLDERS OF PREFERRED SECURITIES. (a) Except as shall be otherwise provided in this Agreement, including without limitation, Section 16.1 of this Agreement, established herein or in the Preferred Securities Designation action or actions of the Managing Members providing for the issue of any series of Preferred Securities and except as otherwise required by the Delaware Act, the Preferred Members holding such Preferred Securities shall have, with respect to such Preferred Securities, no right or power to vote on any question or matter or in any proceeding or to be represented at, or to receive notice of, any meeting of Members.

VOTING RIGHTS OF HOLDERS OF PREFERRED SECURITIES. (a) Except as shall be otherwise provided in this Agreement, including without limitation, Section 16.1 of this Agreementhereof, or in the Preferred Securities Designation for any series of Preferred Securities and except as otherwise required by the Delaware Act, the Preferred Members holding Preferred Securities shall have, with respect to such Preferred Securities, no right or power to vote on any question or matter or in any proceeding or to be represented at, or to receive notice of, any meeting of Members.