Vote Limited Member definition
Examples of Vote Limited Member in a sentence
Any shares beneficially owned by such Vote Limited Member in excess of the Vote Limit shall not constitute Voting Shares for any purposes of this Agreement for so long as such shares are beneficially owned by such Vote Limited Member or any affiliate of such Vote Limited Member.
Any Interests beneficially owned by such Vote Limited Member in excess of the Vote Limit shall not constitute Voting Interests for any purposes of this Agreement for so long as such Interests are beneficially owned by such Vote Limited Member or any affiliate of such Vote Limited Member.
If a Vote Limited Member submits an irrevocable request in writing to the Managing Member to limit its voting rights to 10% of the Voting Interests, such Vote Limited Member’s name, address and holdings may not be reported in the Company’s ongoing SEC filings, unless such person is otherwise deemed to be an Affiliate of the Company (for the avoidance of doubt, as defined in Rule 405 of the Securities Act).
Any shares beneficially owned by such Vote Limited Member in excess of the Vote Limit shall not constitute Voting Shares for any purposes of this Agreement for so long as such shares are held by such Vote Limited Member or any affiliate of such Vote Limited Member.
In TDD scheme, a single OFDMA channel is shared between the uplink and downlink.