Voting Preferred Units definition

Voting Preferred Units has the meaning set forth in Section 16.7(a).

Voting Preferred Units means any series of Parity Units that is designated as a “Voting Preferred Unit” from time to time.

Voting Preferred Units has the meaning set forth in Section 2.7(a) of this Unit Designation.

Examples of Voting Preferred Units in a sentence

• However, the right of the Series A Holders and the holders of the Voting Preferred Units to elect two additional directors on the Board of Directors of the General Partner shall again vest if and whenever six additional quarterly distributions have not been declared and paid, as described above.

• Notwithstanding Section 9.2 of this Agreement, the approval of the requisite votes entitled to be cast by the holders of outstanding Voting Preferred Units as set forth in Section 16.8(c) of the Issuer Limited Partnership Agreement is required in order to amend, alter or repeal this Section 3.3(b)(ii).

• However, the right of the holders of the Voting Preferred Units to elect two additional Directors shall again vest if and whenever any subsequent Nonpayment shall occur.

• However, the right of the Series A Holders and the holders of the Voting Preferred Units to elect two additional Directors on the Board of Directors of the General Partner shall again vest if and whenever a Nonpayment Event has occurred, as described above.

• The holders of the Voting Preferred Units, voting together as a class, may remove any director elected by the holders of the Voting Preferred Units.

More Definitions of Voting Preferred Units

Voting Preferred Units has the meaning set forth in the Issuer Limited Partnership Agreement but for purposes of this Agreement shall include the Series A Preferred Units.

Voting Preferred Units has the meaning set forth in Section 16.8(a). Capitalized terms used but not defined in this Article XVI shall have the respective meanings assigned thereto elsewhere in this Agreement.

Voting Preferred Units has the meaning set forth in the Issuer Limited Partnership Agreement but for purposes of this Agreement shall include the Series A Preferred Units. “Withdraw” or “Withdrawal” with respect to a Member means a Member ceasing to be a member of the Company for any reason (including death, Total Disability, Incompetence, removal, resignation or retirement, whether voluntary or involuntary), unless the context shall limit the type of withdrawal to a specific reason, and “Withdrawn” with respect to a Member means, as aforesaid, a Member who has ceased to be a member of the Company. “Withdrawn Member” means a Member whose interest in the Company has been discontinued for any reason, including the occurrence of an event specified in Section 7.2, and shall include, unless the context requires otherwise, the estate or legal representatives of any such Member. 1.2

Voting Preferred Units shall have the meaning set forth therefor in Section 21.6(C) hereof.

Voting Preferred Units means the Series A Preferred Units and the Series B Preferred Units. * * * * * * * EXHIBIT C TAX ALLOCATION AND CAPITAL ACCOUNT MAINTENANCE RULES

Voting Preferred Units has the meaning set forth in Section 2.7(a) of this Unit Designation. ARTICLE II TERMS, RIGHTS, POWERS, PREFERENCES AND DUTIES OF SERIES B PREFERRED UNITS Section 2.1

Voting Preferred Units means, collectively, all Series A Preferred Units and Series B Preferred Units.