Board Governance Exceptions means (i) the Unitholders’ rights to appoint Managers in Section 5.2 (Board Composition), (ii) EGI’s rights in Section 10.3 (Approved Sales), (iii) the Tax Matters Partner rights under Article IX, (iv) the Ventas consent rights in Section 5.11 (b) (Transactions with Unitholders) and (v) the Unitholder consent rights in Section 15.9 (Amendments).
Board Governance Exceptions means (a) those matters that by the express terms of this Agreement require the affirmative vote, consent or approval of the holders of the Required Interest, (b) the rights set forth in Section 5.2, (c) the consent rights set forth in Section 5.3, (d) the rights of the Tax Matters Partner set forth in Section 7.12 and (e) the consent rights set forth in Section 13.2.
Board Governance Exceptions means (a) those matters that by the express terms of this Agreement require the affirmative vote, consent or approval of the holders of the Required Interest, (b) the rights of the Investors set forth in Section 5.2, and (c) the consent rights set forth in Section 13.3.
Examples of Board Governance Exceptions in a sentence
The only Unitholder meetings or actions will be with respect to the Board Governance Exceptions.
As set forth in Section 5.1, the Board has sole right and authority to manage the Company’s business and affairs and make all decisions and take all actions for the Company except for the Board Governance Exceptions.