Examples of Vote Limit Certificate in a sentence
Any Member that beneficially owns 10% or more of the Outstanding Interests (excluding Interests beneficially owned by the Managing Member) may provide the Company with a Vote Limit Certificate in the form of Exhibit A that, from the effective date set forth in such notice (or if no such effective date is indicated, the date such notice is received by the Company), such Member shall be subject to a Vote Limit.
The indemnity for the case of death cannot be accumulated with that for permanent invalidity.
This Vote Limit Certificate shall have no force or effect with respect to any successor, assignee or transferee of the Designated Vote Limited Member’s Interests other than any successor, assignee or transferee that, at the time of such transaction, is an Affiliate of the Designated Vote Limited Member.
A Class A Member may elect to restrict its voting rights by filing with the Managing Member a Vote Limit Certificate in the form attached hereto as Exhibit B limiting its and its affiliates’ Voting Shares in the Series to not more than 9.99% of Voting Shares of all Class A Members in the Series (excluding any Class A Shares held by the aShareX Parties).