Veto definition
Examples of Veto in a sentence
Notwithstanding the foregoing, the Limited Liability Partners must approve by a majority vote of their percentage interests the following actions of the Partnership: Veto the Managing Partner’s Capital Call; Admission of either an additional Limited Partner or Managing Partner; Amendment of this Agreement; Consent to dissolution; Election of a new Managing Partner.
Notwithstanding the foregoing, the Limited Partners must approve by a majority vote of their percentage interests the following actions of the Partnership: Veto the General Partner’s Capital Call; Admission of either an additional Limited Partner of General Partner; Amendment of this Agreement; Consent to dissolution; Election of a new General Partner.
Thereafter, the Company may deliver to the Unilever Stockholder such request accompanied by a form of written consent with respect to such Veto Matter.
The Sub-Adviser shall not be responsible or liable whatsoever for the Adviser’s exercise of the Veto and Acquisition Right.
The Parties agree that, should such consultation fail to result in a resolution, the Non-Controlling Party has the right to veto the Proposed Enforcement Action (the “Veto Option”) by informing the Controlling Party in writing that it is exercising the Veto Option under this Section 3.3.
If such UWS Entity fails to exercise any UWS Option for any reason other than a Parent Veto (defined below), or if such UWS Entity fails to acquire any Delegated Services Company Interest with respect to which it has exercised a UWS Option within 90 days of such exercise, Parent (or its affiliate) shall have the right to purchase such Delegated Services Company Interest at the price and on substantially the terms set forth in the applicable Notice of Option.
For greater certainty, the Parties acknowledge and agree that the foregoing shall not affect or limit the PSP Veto Rights in any manner whatsoever.
Veto rights A Member which can show that its own work, time for performance, costs, liabilities, intellectual property rights or other legitimate interests would be severely affected by a decision of the Steering Committee may exercise a veto with respect to the corresponding decision or relevant part of the decision.
Notwithstanding the requirements in Sections 2.8 and 3.3 for PSP to have a Unit Interest of at least 25%, PSP will retain the PSP Veto Rights where its (or its Affiliate’s) Unit Interest (a) is at least 10%, and (b) has been reduced below 25% solely as a result of a failure of PSP or its Affiliate to fund Capital Calls made pursuant to the Partnership Agreement (and not as a result of Transfers of Units).
In lieu of convening a Parties Prior Meeting, the Parties may adopt any resolution by unanimous consent, confirmed by correspondence (fax, telex, etc.) by each of the representatives appointed by the CVH Parties and the Fintech Parties or the Veto Third Party Shareholder, as applicable.