Voting Preferred Units definition

Voting Preferred Units has the meaning set forth in Section 16.7(a).

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Voting Preferred Units means any series of Parity Units that is designated as a “Voting Preferred Unit” from time to time.

Voting Preferred Units has the meaning set forth in Section 2.7(a) of this Unit Designation.

Examples of Voting Preferred Units in a sentence

However, the right of the Series A Holders and the holders of the Voting Preferred Units to elect two additional directors on the Board of Directors of the General Partner shall again vest if and whenever six additional quarterly distributions have not been declared and paid, as described above.
The General Partner shall, in its sole discretion, determine a date for a special meeting applying procedures consistent with Article XIII of this Agreement in connection with the expiration of the term of the two directors elected pursuant to this Section 16.7. The Series A Holders and holders of the Voting Preferred Units, voting together as a class, may remove any director elected by the Series A Holders and holders of the Voting Preferred Units pursuant to this Section 16.
However, the right of the Series A Holders and the holders of the Voting Preferred Units to elect two additional directors on the Board of Directors shall again vest if and whenever another Nonpayment occurs.
Except to the extent expressly provided otherwise in this Section 2.7, any such annual or special meeting shall be called and held applying procedures consistent with Article XII of the Operating Agreement as if references to Members were references to Series A Holders and holders of Voting Preferred Units.
However, the right of the Series B Holders and the holders of the Voting Preferred Units to elect two additional directors on the Board of Directors shall again vest if and whenever another Nonpayment occurs.
Except to the extent expressly provided otherwise in this Section 16.8, any such annual or special meeting shall be called and held applying procedures consistent with Article XIII of this Agreement as if references to Limited Partners were references to Series A Holders and holders of Voting Preferred Units.
Except to the extent expressly provided otherwise in this Section 2.7, any such annual or special meeting shall be called and held applying procedures consistent with Article XII of the Operating Agreement as if references to Members were references to Series B Holders and holders of Voting Preferred Units.
Meetings of the Members holding any class or series of Units may be called only by a majority of the Board of Directors, or with respect to holders of Voting Preferred Units (as defined in the applicable Unit Designation), as provided in the Unit Designation relating to such Voting Preferred Units.
Notwithstanding Section 9.2 of this Agreement, the approval of the requisite votes entitled to be cast by the holders of outstanding Voting Preferred Units as set forth in Section 16.8(c) of the Issuer Limited Partnership Agreement is required in order to amend, alter or repeal this Section 3.3(b)(ii).
The provisions of this Section 3.3(b)(ii) shall inure to the benefit of the holders of the Voting Preferred Units, and each such holder is an intended third-party beneficiary of this Section 3.3(b)(ii).

More Definitions of Voting Preferred Units

Voting Preferred Units has the meaning set forth in the Issuer Limited Partnership Agreement but for purposes of this Agreement shall include the Series A Preferred Units.

Voting Preferred Units has the meaning set forth in Section 16.8(a). Capitalized terms used but not defined in this Article XVI shall have the respective meanings assigned thereto elsewhere in this Agreement.

Voting Preferred Units has the meaning set forth in Section 2.7(a) of this Unit Designation. ARTICLE II TERMS, RIGHTS, POWERS, PREFERENCES AND DUTIES OF SERIES B PREFERRED UNITS Section 2.1

Voting Preferred Units means, collectively, all Series A Preferred Units and Series B Preferred Units.

Voting Preferred Units has the meaning set forth in the Issuer Limited Partnership Agreement but for purposes of this Agreement shall include the Series A Preferred Units. “Withdraw” or “Withdrawal” with respect to a Member means a Member ceasing to be a member of the Company for any reason (including death, Total Disability, Incompetence, removal, resignation or retirement, whether voluntary or involuntary), unless the context shall limit the type of withdrawal to a specific reason, and “Withdrawn” with respect to a Member means, as aforesaid, a Member who has ceased to be a member of the Company. “Withdrawn Member” means a Member whose interest in the Company has been discontinued for any reason, including the occurrence of an event specified in Section 7.2, and shall include, unless the context requires otherwise, the estate or legal representatives of any such Member.

Voting Preferred Units shall have the meaning set forth therefor in Section 21.6(C) hereof.