Special Voting Units definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Special Voting Units means non-participating voting unit(s) of the Trust and, for greater certainty, does not mean Unit(s);

Special Voting Units means the units of the Fund to be issued to represent voting rights in the Fund that accompany the Exchangeable LP Units.

Examples of Special Voting Units in a sentence

• The affirmative vote of the holders of a majority of the voting power of all Special Voting Units voting separately as a class shall be required to alter, amend or repeal this Section 13.14 or to adopt any provision inconsistent therewith.

• The holders of Special Voting Units shall vote together with the Limited Partners holding Common Units as a single class and, to the extent that the Limited Partners holding Common Units shall vote together with the holders of any other class of Partnership Interest, the holders of Special Voting Units shall also vote together with the holders of such other class of Partnership Interests on an equivalent basis as the Limited Partners holding Common Units.

• Subject to Section 13.13, each holder of Common Units, and each holder of Special Voting Units, shall be entitled to cast, in person or by proxy, one vote for each Common Unit or Special Voting Unit, as applicable, on all matters upon which Limited Partners have the right to vote as set forth in this Agreement and provided under the Delaware Act.

• All Series A Preferred Units, Common Units and Special Voting Units issued and outstanding immediately prior to the date of this Agreement shall remain issued and outstanding immediately following the date of this Agreement and shall be governed by the terms of this Agreement.

• Upon dissolution, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within thirty (30) days thereafter be approved by holders of at least a majority of the Outstanding Common Units and Special Voting Units, voting together as a single class (including Series A Preferred Units, as provided in Section 5.8(b)(iii)(A), but excluding all Non-Voting Common Units).

More Definitions of Special Voting Units

Special Voting Units means non-participating special voting units of the REIT and, for greater certainty, does not mean Units, and “Special Voting Unit” means one of them;

Special Voting Units means a non-participating special voting unit of the REIT, issued in accordance with the provisions of the REIT Declaration of Trust and includes a fraction of a Special Voting Unit.

Special Voting Units means the special voting units of the Trust issuable under the Trust Indenture;

Special Voting Units means special voting units of the REIT issued in tandem with the issuance of Class B LP Units and, in certain limited circumstances, in connection with the Class C LP Units, and “Special Voting Unit” means any one of them.

Special Voting Units means the Special Voting Units of the Trust referred to in Section 3.1(a).

Special Voting Units means the special voting units of the Trust to be received by the holders of Exchangeable LP Units and authorized under the Declaration of Trust.

Special Voting Units means the special voting units of the Fund authorized and issued to the holders of Exchangeable LP Units (other than the Fund, the Trust and the Holding Partnership) under the Fund Declaration of Trust for the time being outstanding and entitled to the benefits and subject to the limitations set forth therein;