Alternative Voting System definition

Alternative Voting System shall have the meaning ascribed to such term in the Company LLC Agreement.
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Alternative Voting System means a voting construct for the Board such that the number of votes of the Board Members on each matter before the Board shall be as follows: the Common Board Member(s) shall each have one-third of a vote, for a total of one (1) vote, and each of the Preferred Investors shall have one (1) vote.
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Examples of Alternative Voting System in a sentence

  • The General Partner, or if the General Partner has been removed or if the Alternative Voting System is in effect, a liquidator (the General Partner or such liquidator, for purposes hereof, the “Liquidator”) as is appointed by the Board as a Major Decision, shall be responsible for overseeing the winding up of the Partnership.

  • Other than instances in which the Board is operating under the Alternative Voting System, each Board Member appointed by (i) CTT Investor shall have one and two-thirds votes, (ii) BCI Investors shall have one (1) vote, (iii) Medley Investor shall have one (1) vote, (iv) TIG Investor shall have one (1) vote and (v) Highland Investors shall have one (1) vote, in each case, on each matter before the Board.

  • Other than instances in which the Board is operating under the Alternative Voting System, each Board Member appointed by (i) CTT Partner shall have one and two-thirds votes, (ii) BCI Partners shall have one (1) vote, (iii) Medley Partner shall have one (1) vote, (iv) TIG Partner shall have one (1) vote, and (v) Highland Partners shall have one (1) vote, in each case, on each matter before the Board.

Related to Alternative Voting System

  • Voting system or "system" means any machine, device, technology, or equipment used to

  • Electronic voting system means a secured system based process of display of electronic ballots, recording of votes of the Members and the number of votes polled in favour or against, in such a manner that the entire voting exercised by way of electronic means gets registered and counted in an electronic registry in a centralised server with adequate cyber security.

  • Multiple Voting Shares means the multiple voting shares in the capital of the Corporation;

  • Alternative Proposal has the meaning set forth in Section 6.2(b).

  • Subordinate Voting Shares means the subordinate voting shares in the capital of the Corporation;

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

  • Special Voting Share means the one share of Series B Special Voting Preferred Stock with no par value, issued by US Gold to and deposited with the Trustee, which entitles the holder of record to a number of votes at meetings of holders of US Gold Common Stock equal to the number of Exchangeable Shares outstanding from time to time that are held by Non-Affiliated Holders.

  • Non-Voting Shares means a particular Class of Shares that do not carry the right to notice of or to attend or vote at general meetings of the Company or the relevant Fund.

  • Company Voting Securities means the combined voting power of all outstanding voting securities of the Company entitled to vote generally in the election of directors to the Board.

  • Voting Share Reduction means an acquisition or redemption by the Corporation of Voting Shares which, by reducing the number of Voting Shares outstanding, increases the proportionate number of Voting Shares Beneficially Owned by any Person to 20% or more of the Voting Shares then outstanding; and

  • Business Combination Proposal has the meaning set forth in Section 5.8.

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

  • 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.

  • Special Voting Unit means a special voting unit of the REIT;

  • Technical Proposal means the Contractor’s Technical Proposal dated (Technical Proposal date).

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;