Voting Units definition

Voting Units means collectively, the Units and Special Voting Units;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Voting Units means, collectively, the Units and the Special Voting Units, and “Voting Unit” means any one of them.

Voting Units means (a) the Common Units and (b) any other Units other than Units that by their express terms do not entitle the record holder thereof to vote on any matter presented to the Members generally under this Agreement for approval; provided that (i) no vote by Voting Units shall have the power to override any action taken by the Manager or to remove or replace the Manager, (ii) the Voting Units have no ability to take part in the conduct or control of the Company’s business and (iii) notwithstanding any vote by Voting Units hereunder, the Manager shall retain exclusive management power over the business and affairs of the Company in accordance with Section 6.01(a).

Examples of Voting Units in a sentence

• Any such written consent shall set forth the number of Voting Units any Member signing such written consent is entitled to vote in favor of such matter.

• The “Voting Percentage” of each Member in the Company from time to time shall be (x) the number of Voting Units held by such Member at the time of determination divided by (y) the number of then-issued and outstanding Voting Units held by all Members at such time of determination.

• Except as otherwise expressly provided in this Agreement, the holders of Voting Units will vote together as a single class on all matters to be approved by the Members.

• Except as otherwise expressly set forth in this Agreement, any action required to be taken by the Members at any meeting shall be taken if and only if a majority of the Voting Units held by the Class A Member were voted in favor of such action and a majority of the Voting Units held by the Class B Members were voted in favor of such action.

More Definitions of Voting Units

Voting Units means the Class A Units and the Class B Units.

Voting Units means Partnership Common Units, Class I High Performance Partnership Units and any other class of Partnership Units having the same voting or approval rights as Partnership Common Units.

Voting Units means the Common Units.

Voting Units has the meaning set forth in Section 4.07(a).

Voting Units means (a) the Class A Common Units and Class B Common Units and (b) any other class or group of Units designated as “Voting Units” pursuant to this Agreement, the Members holding which are entitled to vote on any matter presented to the Members generally under this Agreement for approval; provided that (i) no vote by the Members holding Voting Units shall have the power to override any action taken by the Manager (unless the prior approval of the Members holding such Voting Units is required for such action), or to remove or replace the Manager, (ii) the Members, in such capacity, have no ability to take part in the conduct or control of the Company’s business, and (iii) notwithstanding any vote by Members under this Agreement, the Manager shall retain exclusive management power over the business and affairs of the Company in accordance with Section 6.01(a).

Voting Units has the meaning set forth in Section 3.2(d).

Voting Units means the Units of the Fund, together with voting rights at the Fund level provided to the holders of the Class A GP Units.