Class A Members definition
Examples of Class A Members in a sentence
A proposed amendment shall become effective at such time as it has been approved by the Board of Managers in accordance with Section 6.8(iv) and the Class A Members, the Class B Members, and if applicable, the Class C Members, voting together as a single class in accordance with Section 4.2(d).
Except as otherwise expressly provided in this Agreement, any provision of this Agreement may be amended or waived only by an instrument in writing executed by the Board and Class A Members holding a majority of the Voting Shares, provided, however, any amendment which disproportionately and adversely affects the Class A Members, must be approved by the Class A Members holding a majority of the Class A Ordinary Shares voting as a separate class.
In the event that the Delaware Act or any other law requires, at any time, that the Masterworks Shares vote on any matter notwithstanding the provisions herein, the Masterworks Shares shall be required to be, and shall be, voted in the same proportion as the Voting Shares that are not Masterworks Shares are voted by the Class A Members.