Voting LLC Units definition

Voting LLC Units shall have the meaning provided in Section 8.1.
Voting LLC Units means, collectively, the Class B LLC Units and the "Class C" Units of limited liability company interest of VDK LLC.

Examples of Voting LLC Units in a sentence

  • If the Board has fixed a record date, every holder of record of Voting LLC Units entitled to vote at a meeting of Members or to consent in writing in lieu of a meeting of Members shall be entitled to one vote for each Voting LLC Unit outstanding in his name on the books of the Company at the close of business on such record date.

  • The limited liability company interests of the Company shall be represented by two classes of units of capital of the Company, which shall consist of voting limited liability company interests ("Voting LLC Units") and non-voting limited liability company interests ("Non-Voting LLC Units" and, together with Voting LLC Units, the "LLC Units").

  • The Company shall not issue or sell any Non-Voting LLC Units except in connection with an exchange of Voting LLC Units as provided in Section 8.7.

  • Voting LLC Units held by Fund IV may be exchanged for the same number of Non-Voting LLC Units for the sole purpose of a distribution by Fund IV to one or more of its limited partners which is a Regulated Holder, provided that the number of Voting LLC Units so exchanged does not exceed the number of Regulated Securities required for any such Regulated Holder.

  • The subsequent transfer of any Non-Voting LLC Units by any such Regulated Holder shall be subject to the provisions of Section 8.7(b)(ii), and such Regulated Holder shall be permitted to convert Non-Voting LLC Units into Voting LLC Units to the extent set forth in Section 8.7(b)(i).

Related to Voting LLC Units

  • Voting Units means collectively, the Units and Special Voting Units;

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Voting Equity Interests means Equity Interests which at the time are entitled to vote in the election of, as applicable, directors, members or partners generally.

  • Voting Common Stock means the voting common stock, par value $0.01 per share, of the Company.

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

  • Voting booth or “booth” means that booth or enclosure wherein an elector casts his or her ballot for tabulation by an electronic or electromechanical device.

  • Aggregate Voting Interests The aggregate of the Voting Interests of all the Certificates under this Agreement.

  • Voting Shares means the Common Shares and any other shares in the capital of the Corporation entitled to vote generally in the election of all directors.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Non-Voting Common Stock means the non-voting common stock, par value $0.01 per share, of the Company.

  • voting equity securities means equity securities having voting power for the election of directors, whether at all times or only so long as no senior class of security has such voting power by reason of any contingency.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Voting Stock of any specified Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person.

  • Voting Interests means shares of capital stock issued by a corporation, or equivalent Equity Interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency.

  • Voting Trust has the meaning set forth in Section 2.2(b).

  • Voting Capital Stock means with respect to any Person, securities of any class or classes of Capital Stock in such Person ordinarily entitling the holders thereof (whether at all times or at the times that such class of Capital Stock has voting power by reason of the happening of any contingency) to vote in the election of members of the board of directors or comparable governing body of such Person.

  • Voting Agreements has the meaning set forth in the Recitals.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Common Units is defined in the Partnership Agreement.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Membership Units has the meaning set forth in the Recitals.

  • Voting Share means (i) a Common Share of the Company and (ii) any other share of capital stock of the Company entitled to vote generally in the election of directors or entitled to vote together with the Common Shares in respect of any merger, consolidation, sale of all or substantially all of the Company's assets, liquidation, dissolution or winding up. References in this Agreement to a percentage or portion of the outstanding Voting Shares shall be deemed a reference to the percentage or portion of the total votes entitled to be cast by the holders of the outstanding Voting Shares.

  • Company Units has the meaning set forth in the Recitals.