Governance Rights definition
Governance Rights means all of a Member's rights as a member of the LLC other than Financial Rights.
Governance Rights means the right to participate in governance of a limited cooperative association.
Governance Rights means all of a member's rights as a member in the limited
Examples of Governance Rights in a sentence
Each Transfer of a Holder’s Units shall be deemed a Transfer of both Distributional Interests and Governance Rights (if applicable), and shall comply with the applicable provisions of Article XI of this Agreement.
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 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 Rights), Section 7.4 (Voting and Act of the Board; Action without a Meeting), 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 the right to participate in
Governance Rights means all rights associated with a Membership Interest in the Company other than Financial Rights and the right to assign such Governance Rights (including, without limitation, rights to vote, receive notices and attend meetings of the Members or the Board) in accordance with the terms of this Agreement and the Articles of Organization.
Governance Rights means the rights of each Member to vote on one or more matters as herein specified or otherwise required under the Act and all of each Member's rights as a member in the Company other than Financial Rights and the right to assign Financial Rights. 1.1.16 "Gross Asset Value" means, with respect to any asset of the Company, the asset's adjusted basis for Federal income tax purposes, except as follows:
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 has the meaning assigned to such term in Section 2.01(c).