Examples of Governance Rights in a sentence

If a quorum is satisfied by the presence of four (4) Members, then an affirmative vote by those present Members holding a combined sixty-six percent (66%) of the voting Governance Rights of the quorum shall result in a resolution to dissolve.
For example, if a Member Super-Majority vote is called to dissolve the Company, at least four (4) out of six (6) Members must be present in addition to at least fifty-one percent (51%) of the Governance Rights to constitute a quorum.
Unless otherwise provided by the Act or this Agreement, a majority of the then Governance Rights in the Company present shall constitute a quorum and, if there is a quorum, then the Majority Vote of the then Governance Rights shall be required to approve a Voting Measure within their power.
For any action subject to vote by Member Super-Majority, a majority of individual Members must be present in addition to a majority of the then Governance Rights in the Company to constitute a quorum.
A Member may not Transfer all or part of such Member’ Governance Rights to another Member or to a member of such Member’s Immediate Family without unanimous approval of the then remaining Members.

More Definitions of Governance Rights

Governance Rights means all of a member's rights as a member in the limited liability company other than financial rights and the right to assign financial rights.

Governance Rights means the right to participate in

Governance Rights means the rights of a Member or with respect to an Interest, or benefits accorded to such Member or with respect to such Interest, pursuant to Section 3.6 (Additional Issuances of Units), 6.5 (Voting), 6.6 (Required Consents), Section 7.3 (Number and Designation of Rights), Section 7.4 (Voting and Act of the Board), Article 9 (Books, Records, Accounting and Reports), Section 12.2 (Tag-Along Rights), Section 12.3 (Take-Along Rights) and Section 12.5 (Liquidity Option); provided, however, that the obligations of such Member or with respect to such Interest in such designated sections or otherwise in this Agreement shall not be included in the definition of “Governance Rights.”

Governance Rights means collectively, a Member’s right to vote as set forth in this Agreement or required by the Act. The Governance Rights of a Member shall mean as to any matter to which the Member is entitled to vote hereunder or as may be required under the Act, the right to one (1) vote for each Unit registered in the name of such Member as shown in the Membership Register.

Governance Rights means the right to participate in governance of a limited

Governance Rights means a member’s right to vote on one (1) or more matters, all of a member’s other rights as a member in the LLC under the LLC documents or this Act, other than financial rights, and the right to transfer the voting and other rights described in this § [102(13)].

Governance Rights means a right to vote on one (1) or more matters and all a member's rights as a member in the cooperative other than financial rights;