Examples of Class Designation in a sentence
Unless required by the Act or other applicable laws, the Members (other than the EQT Members) shall have no voting rights whatsoever with respect to the Company except: (a) any amendments to this Agreement shall require the approval, if any, of the Members provided for in Section 17.2; and (b) any matters upon which a Class Designation provides voting rights to the Members holding Shares of the Class governed by such Class Designation.
Subject to applicable law and except as otherwise provided in this Agreement or any Class Designation or as agreed by the Company and such Member, no Member shall be required to make any Capital Contribution in addition to the purchase price paid for such Member’s Shares.
Except as may otherwise be provided in this Agreement or in any Class Designation and except as required by law, the liability of each Member in such capacity shall be limited to the amount of such Member’s Capital Contribution and pro rata share of any undistributed Profits.
Subject to the terms of any Class Designation and except as provided in Section 7.2(a), each Class of Investor Shares will have the same voting rights.
Unless otherwise provided in its Class Designation (as defined below), the number of Shares in each Class shall be unlimited.