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.
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).
However, the right of the holders of the Voting Preferred Units to elect two additional Directors shall again vest if and whenever any subsequent Nonpayment shall occur.
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 a Nonpayment Event has occurred, as described above.
The holders of the Voting Preferred Units, voting together as a class, may remove any director elected by the holders of the Voting Preferred Units.