Examples of Governance Rights in a sentence
Governing Council decisions shall be taken by consensus of all Governing Council members having Governance Rights.
Lack of Governance Rights: CNHC confers no governance rights of any kind with respect to CNHCGL, so all decisions involving CNHC will be made by CNHCGL or the relevant group entity at its sole and absolute discretion, including, but not limited to, decisions to discontinue the operations or development of CNHC, or to sell or liquidate any group entity.
Member" means a person who owns some Governance Rights and whole ownership of those rights is reflected in the Required Records.
No Member holding solely Governance Rights of the Company shall be required to make any Additional Capital Contributions to the Company.
Ownership of Membership Interests and the Units designating Membership Interests, including the Governance Rights and Financial Rights, shall be as is reflected in the required records of the Company and shall be binding on the Company only to the extent so reflected.