Voting Termination Date Clause Samples
The Voting Termination Date clause establishes the specific date on which the right to vote on a particular matter or within a certain process comes to an end. In practice, this means that any votes cast after this date are not counted, and all decisions must be finalized based on the votes received by the deadline. This clause ensures a clear cutoff for participation, preventing ambiguity or disputes about late submissions and enabling timely resolution of the voting process.
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Voting Termination Date. The first date after the LB Closing Date on which either (i) the General Partner holds 90% or more of all Partnership Units or (ii) the aggregate number of Partnership Units held by the General Partner and the LB Partners is less than the product of the Threshold Percentage and the total number of Partnership Units then outstanding.
