Governance Rights definition

Governance Rights means all of a Member's rights as a Member in the Company other than Financial Rights and the right to assign Financial Rights.

Governance Rights means the right to participate in governance of a limited cooperative association.

Governance Rights means all of a member's rights as a member in the limited

Examples of Governance Rights in a sentence

• Gordon, The Agency Costs of Agency Capitalism: Activist Investors and the Revaluation of Governance Rights, 113 COLUM.

• Gordon, The Agency Costs of Agency Capitalism: Activist Investors and the Revaluation of Governance Rights, 113 Colum.

• Furthermore, no Member may offer to assign or assign Governance Rights or Membership Units unless the assignee has assented to and signed this Agreement.

• In the event of the Transfer of Interests under this Agreement by a Member, all rights of the Member with respect to the Interest, including Governance Rights to vote such Interest and Financial Rights, shall terminate on the Effective Date of such Transfer as provided in Section below, except for the Member’s right to receive payment therefor.

• A Member may assign the Member's full Membership Interest only by assigning all of the Member's Governance Rights coupled with a simultaneous assignment to the same assignee of all of the Member's Financial Rights.

More Definitions of Governance Rights

Governance Rights means all of a member's rights as a member in the limited liability company other than financial rights and the right to assign financial rights.

Governance Rights means the rights of a Member or with respect to an Interest, or benefits accorded to such Member or with respect to such Interest, pursuant to Section 3.6 (Additional Issuances of Units), 6.5 (Voting), 6.6 (Required Consents), Section 7.3 (Number and Designation Rights), Section 7.4 (Voting and Act of the Board; Action without a Meeting), Article 9 (Books, Records, Accounting and Reports), Section 12.2 (Tag-Along Rights), Section 12.3 (Take-Along Rights) and Section 12.5 (Liquidity Option); provided, however, that the obligations of such Member or with respect to such Interest in such designated sections or otherwise in this Agreement shall not be included in the definition of “Governance Rights.”

Governance Rights means the right to participate in

Governance Rights means collectively, a Member’s right to vote as set forth in this Agreement or required by the Act. The Governance Rights of a Member shall mean as to any matter to which the Member is entitled to vote hereunder or as may be required under the Act, the right to one (1) vote for each Unit registered in the name of such Member as shown in the Membership Register.

Governance Rights means the right to participate in governance of a limited

Governance Rights means a right to vote on one (1) or more matters and all a member’s rights as a member in the cooperative other than financial rights;

Governance Rights means collectively, a Member’s right to vote as set forth in this Agreement or required by the Act. The Governance Rights of a Member shall mean as to any matter to which the Member is entitled to vote hereunder or as may be required under the Act, the right to one (1) vote for each Class A Unit, Class B Unit, or Class C Unit registered in the name of such Member as shown in the Membership Register; provided, however, that under no circumstances shall any Class A Member, collectively with any Related Party or Affiliate of such Member, ever be entitled to vote more than twenty percent (20%) of all issued and outstanding Units of the Company even if such Member, together with such Member’s Affiliates and Related Parties, is the registered owner of more than twenty percent (20%) of all issued and outstanding Units regardless of Unit classification. In determining whether the voting limitation in this Section 1.24 applies to a Class A Member, all Units (Governance Rights) held by an Affiliate and/or Related Party of a Class A Member shall be deemed to be owned and held by such Class A Member. A Class A Member and such Class A Member’s Affiliates and Related Parties subject to the voting limitation set forth in this Section 1.24 shall agree among themselves on how their Governance Rights shall be exercised and shall notify the Board in writing of such agreement and shall be bound by such agreement for as long as the voting limitation applicable to such Class A Member and its Affiliates and Related Parties is in effect.