Alternative Voting System definition

Alternative Voting System shall have the meaning ascribed to such term in the Company LLC Agreement.
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Alternative Voting System means a voting construct for the Board such that the number of votes of the Board Members on each matter before the Board shall be as follows: the Board Member(s) appointed by (i) CTT Partner shall each have one-third of a vote, for a total of one (1) vote (ii) BCI Partners shall have one (1) vote, (iii) Medley Partner shall have one (1) vote, (iv) TIG Partner shall have one (1) vote, and (v) Highland Partners shall have one (1) vote.
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Alternative Voting System means a voting construct for the Board such that the number of votes of the Board Members on each matter before the Board shall be as follows: the Board Member(s) appointed by (i) CTT Partner shall each have one-third (1/3) of a vote, for a total of one (1) vote, (ii) BCI Partners shall have one (1) vote, (iii) Medley Partner shall have one (1) vote, (iv) TIG Partner shall have one (1) vote, and (v) Highland Partners shall have one (1) vote.
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Examples of Alternative Voting System in a sentence

  • The General Partner, or if the General Partner has been removed or if the Alternative Voting System is in effect, a liquidator (the General Partner or such liquidator, for purposes hereof, the “Liquidator”) as is appointed by the Board as a Major Decision, shall be responsible for overseeing the winding up of the Partnership.

  • Other than instances in which the Board is operating under the Alternative Voting System, each Board Member appointed by (i) CTT Partner shall have one and two-thirds votes, (ii) BCI Partners shall have one (1) vote, (iii) Medley Partner shall have one (1) vote, (iv) TIG Partner shall have one (1) vote, and (v) Highland Partners shall have one (1) vote, in each case, on each matter before the Board.

  • Other than instances in which the Board is operating under the Alternative Voting System, each Board Member appointed by (i) CTT Investor shall have one and two-thirds votes, (ii) BCI Investors shall have one (1) vote, (iii) Medley Investor shall have one (1) vote, (iv) TIG Investor shall have one (1) vote and (v) Highland Investors shall have one (1) vote, in each case, on each matter before the Board.