Voting Common Interest definition

Voting Common Interest means a Common Interest in the Company having (a) the right to receive allocations of Net Losses and Net Profits, distributions and proceeds of liquidation in the manner specified for Common Interests in this Agreement and (b) the right to vote on any matter submitted to the Members for approval in accordance with Paragraph 6.2 of this Agreement.
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Examples of Voting Common Interest in a sentence

  • Upon consummation of each Closing contemplated by this Article IX, each Voting Common Interest, Non-Voting Common Interest or Restricted Common Interest, as applicable, exchanged at such Closing shall thereafter be cancelled and a corresponding number of newly issued Common Interests shall be registered in the name of JHI, and the Managing Member shall modify the books and records of the Company to reflect such Transfer.

  • Except as specifically provided herein or otherwise required under applicable Law, for all purposes hereunder, including for purposes of Article IX hereof, each Member shall be entitled to vote a portion of the aggregate number of votes entitled to be cast equal to its Voting Common Interest Percentage.

  • Except as otherwise provided herein or under applicable Law, at any time, Members which both (x) own Common Interests that are entitled to vote at such time representing an aggregate Voting Common Interest Percentage of greater than forty-five percent (45%) and (y) constitute an absolute majority of Members entitled to vote at such time, represented in person by proxy, shall constitute a quorum of Members for purposes of conducting business.

  • Meetings of the Members may be called by (i) the Board or (ii) by a Member or Members owning Common Interests representing a Voting Common Interest Percentage in the aggregate of not less than thirty-five percent (35%).

  • If, however, such quorum shall not be present at any meeting of the Members, the Members entitled to vote at such meeting shall have the power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until Members owning Common Interests that are entitled to vote at such time representing an aggregate Voting Common Interest Percentage of greater than forty- five percent (45%) shall be present or represented.

  • Upon the issuance of any such Interests, the Board shall adjust the Economic Common Interest Percentages and Voting Common Interest Percentages of the Members, the Aggregate Class A Economic Allocation, Aggregate Class A Voting Allocation, Aggregate Class B Economic Allocation and Aggregate Class B Voting Allocation, and the Company shall update the Members’ Schedule accordingly.

  • Upon any such adjustment to the Aggregate Class A Economic Allocation, the Aggregate Class A Voting Allocation, the Aggregate Class B Economic Allocation, the Aggregate Class B Voting Allocation and each Member's Economic Common Interest Percentage and Voting Common Interest Percentage and Common Interests held by it shall also be adjusted in accordance with the LLC Agreement, and the Company shall update and distribute to each Member a revised Members' Schedule.