Nonvoting Units definition

Nonvoting Units means Units (as that term is defined below) --------------- issued by the Company which do not entitle the holder thereof to exercise any voting rights, except only with respect to the Special Voting Matters (as that term is defined below) or in the event of the occurrence of a Special Circumstance (as that term is defined below), but in any of those events only up to the Return Date (as that term is defined below).

Nonvoting Units means any Series A Preferred Units and the Class B Units.

Nonvoting Units and the Nonvoting Members shall not, however, be deemed to be or treated as, respectively, Voting Units and Voting Members notwithstanding the occurrence of a Special Circumstance, and shall in all events continue to be treated as Nonvoting Units and Nonvoting Members with respect to (i) the payment of the Return Amounts to the Nonvoting Members as provided in Section 6.6 below; (ii) the allocation of Net Profits and Net Losses under Section 7.1 below; (iii) distributions under Sections 7.2 and 10.2 below; and (iv) the sale and purchase of the Nonvoting Units as provided in Section 8.4 below. The Nonvoting Members shall not otherwise participate in the management of the Company, and, as provided above, shall in all events have no right to participate in the management of the Company (whether with respect to Special Voting Matters or in the event of the occurrence of any Special Circumstance) at any time after the Return Date. Nonvoting Members are also not in any event agents of the Company for the purpose of its business or affairs or otherwise.

Examples of Nonvoting Units in a sentence

• RSPN also aims at wider dissemination of the lessons learnt through undertaking evidence-based advocacy with stakeholders, and in the media, to scale up successful development approaches.

• Xxxxxx for the Nonvoting Units to be issued to them as set forth in Section 3.1 of the Agreement shall be $130,000 in cash or other immediately available funds.

• The issuance of Voting Units and/or Nonvoting Units to an Additional Member shall be subject to the vote of the Voting Members who hold at least a majority of the total outstanding Voting Units, and, if the Units are to be issued to the Additional Member prior to the Return Date, also subject to the vote of the Nonvoting Members who hold at least a majority of the total outstanding Nonvoting Units, as is provided in Section 5.9 above and Section 9.1 below.

• The Nonvoting Members holding at least a majority of the total outstanding Nonvoting Units, represented in person or by proxy, shall constitute a quorum of the Nonvoting Members for purposes of any meeting of the Nonvoting Members.

• The issuance of any additional Voting Units or Nonvoting Units to any Initial Member shall be subject to the vote of the Voting Members who hold at least a majority of the total outstanding Voting Units, and, if the Units are to be issued to the Initial Member prior to the Return Date, also subject to the vote of the Nonvoting Members who hold at least a majority of the total outstanding Nonvoting Units, as is provided in Section 5.9 above.

More Definitions of Nonvoting Units

Nonvoting Units means the Class A-1 Units, the Class B Units, the Class C Units and the Class D Units.

Nonvoting Units means the Class B Common Units.

Nonvoting Units means the Class A-1 Units, the Class B Units, the Class C Units and the Class D Units. “Notice” has the meaning set forth in Section 9.6(a).

Nonvoting Units shall have the meaning set forth in the LLC Agreement.

Nonvoting Units shall have the meaning set forth in the Recitals to this Agreement.

Nonvoting Units means Units which entitle the holders thereof to Financial Rights but not Governance Rights.

Nonvoting Units. All Units granted pursuant to the Option Plan. Members who hold Nonvoting Units shall have no right with respect to such Units to vote or consent on any matter for which this Agreement provides or requires a vote or consents by Members with respect to any specified percentage, portion or number of Units or Voting Units.