Non-Voting Interest Sample Clauses

Non-Voting Interest. Any interest in the Fund held for its own account by a BHC Partner that is determined at the time of admission of such BHC Partner to be in excess of 4.99% (or such greater percentage as may be permitted by the BHC Act) of the interests of the Limited Partners, excluding for purposes of calculating this percentage portions of any interests that are non-voting interests pursuant to this Section 13.4.1 (collectively, the “Non-Voting Interests”), shall be a Non-Voting Interest (whether or not subsequently transferred in whole or in part to any other Person), except as provided in the following sentence. Upon the admission of any Additional Limited Partner to or a withdrawal of any Limited Partner from the Fund, a recalculation of the interests in the Fund held by all BHC Partners shall be made, and only that portion of the total interest in the Fund held by each BHC Partner (together with any interest in the Fund earlier transferred by such BHC Partner to any Person other than a BHC Affiliate of such BHC Partner) that is determined as of the date of such admission or withdrawal to be in excess of 4.99% (or such greater percentage as may be permitted by the BHC Act) of the interests of the Limited Partners, excluding Non-Voting Interests as of such date, shall be a Non- Voting Interest. Non-Voting Interests shall not be counted as interests of Limited Partners for purposes of determining under this Agreement whether any vote required hereunder has been approved by the requisite percentage in interest of the Limited Partners. Each BHC Partner hereby further irrevocably waives its corresponding right to vote for a successor general partner under the Delaware Act with respect to any Non-Voting Interest, which waiver shall be binding upon such BHC Partner and any Person that succeeds to its interest. Notwithstanding any contrary provision in this paragraph, any BHC Partner may elect at any time (an “Opt-Out Election”), by providing written notice thereof to the General Partner, not to be governed by this Section 13.4.1, in which case none of the interests held by such electing BHC Partner will be Non-Voting Interests. Any Opt-Out Election made by a BHC Partner may be rescinded at any time by providing a further written notice thereof to the General Partner, and any such rescission will be irrevocable for the entire term of this Agreement.
Sample 1
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Related to Non-Voting Interest

  • Voting Rights The holders of shares of Series A Preferred Stock shall have the following voting rights:

  • Voting The vote upon any resolution submitted to any meeting of Holders shall be by written ballot on which shall be subscribed the signatures of the Holders or of their representatives by proxy and the outstanding aggregate principal amount of the Notes held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of Holders shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more Persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was delivered as provided in Section 9.02. The record shall show the aggregate principal amount of the Notes voting in favor of or against any resolution. The record shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company and the other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated.

  • Voting Certificates and Block Voting Instructions Each Paying Agent shall, at the request of the Holder of any Bearer Note held in a clearing system, issue Voting Certificates and Block Voting Instructions in a form and manner which comply with the provisions of Schedule 2 (Provisions for Meetings of Noteholders) (except that it shall not be required to issue the same less than forty-eight hours before the time fixed for any Meeting therein provided for) and shall perform and comply with the provisions of Schedule 2 (Provisions for Meetings of Noteholders). Each Paying Agent shall keep a full record of Voting Certificates and Block Voting Instructions issued by it and will give to the Issuer not less than twenty-four hours before the time appointed for any Meeting or adjourned Meeting full particulars of all Voting Certificates and Block Voting Instructions issued by it in respect of such meeting or adjourned Meeting.

  • INTERESTS OF DIRECTORS AND CONTROLLING SHAREHOLDERS Save for their respective shareholdings in the Company and as disclosed, none of the Directors or controlling shareholders of the Company or their respective associates has any direct or indirect interest in the Shareholder’s Loan.

  • Investment Entity Wholly Owned by Exempt Beneficial Owners An Entity that is a Jersey Financial Institution solely because it is an Investment Entity, provided that each direct holder of an Equity Interest in the Entity is an exempt beneficial owner, and each direct holder of a debt interest in such Entity is either a Depository Institution (with respect to a loan made to such Entity) or an exempt beneficial owner.

  • Class Voting Rights as to Particular Matters So long as any shares of Designated Preferred Stock are outstanding, in addition to any other vote or consent of stockholders required by law or by the Charter, the vote or consent of the holders of at least 66 2/3% of the shares of Designated Preferred Stock at the time outstanding, voting as a separate class, given in person or by proxy, either in writing without a meeting or by vote at any meeting called for the purpose, shall be necessary for effecting or validating:

  • Vote If the Partners vote, in accordance with Section III(b), to dissolve the Partnership in accordance with the Governing Law.

  • Ownership Interest 26 Pass-Through Rate.......................................................................................26

  • Voting Leave An employee whose hours of work preclude him/her from voting in a town, city, state, or national election shall upon application be granted a voting leave with pay, not to exceed two (2) hours, for the sole purpose of voting in the election.

  • Interest of Members of Congress No member of or delegate to the Congress of the United States will be admitted to any share or part of this contract or to any benefit arising therefrom.

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