Voting Units definition

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

Voting Units means, collectively, the Units and the Special Voting Units, and “Voting Unit” means any one of them.

Voting Units means (a) the Common Units and (b) any other Units other than Units that by their express terms do not entitle the record holder thereof to vote on any matter presented to the Members generally under this Agreement for approval; provided that (i) no vote by Voting Units shall have the power to override any action taken by the Manager or to remove or replace the Manager, (ii) the Voting Units have no ability to take part in the conduct or control of the Company’s business and (iii) notwithstanding any vote by Voting Units hereunder, the Manager shall retain exclusive management power over the business and affairs of the Company in accordance with Section 6.01(a).

Examples of Voting Units in a sentence

• If such an amendment is proposed, the General Partner shall seek the written approval of the requisite percentage of the voting power of Outstanding Voting Units or call a meeting of the Unitholders to consider and vote on such proposed amendment, in each case in accordance with the other provisions of this Article XIII and Article XVI.

• Notwithstanding anything to the contrary contained in this Agreement or the Act, certain acts, which are outside the ordinary course of business, may not be taken without approval by Members holding a majority of the Voting Units of the Company.

• Subject to Section 13.13, each holder of Common Units, and each holder of Special Voting Units, shall be entitled to cast, in person or by proxy, one vote for each Common Unit or Special Voting Unit, as applicable, on all matters upon which Limited Partners have the right to vote as set forth in this Agreement and provided under the Delaware Act.

• After the closing of the Transaction, CRI shall hold all the Class A Voting Units of the Company, and CRI shall be the sole voting member of the Company, except with respect to Mandatory Voting Rights.

• The Company is authorized to issue two classes of Units to be designated, respectively, “Class A Voting Units” and “Class B Nonvoting Units” and collectively, the “Units.” The total number of Units which the Company is authorized to issue is 250,000,000 Units, consisting of 125,000,000 Class A Voting Units and 125,000,000 Class B Nonvoting Units.

More Definitions of Voting Units

Voting Units means the Class A Units and the Class B Units.

Voting Units means Partnership Common Units, Class I High Performance Partnership Units and any other class of Partnership Units having the same voting or approval rights as Partnership Common Units.

Voting Units means the Common Units.

Voting Units means Units that have all associated voting, consent or approval rights in addition to an economic interest in the Company and all other rights associated with Units, including Class A Units.

Voting Units has the meaning set forth in Section 4.07(a).

Voting Units has the meaning set forth in Section 3.2(d).

Voting Units mean Class A Units, Class B Unit and Class M Units, as applicable, and any other class or series of Units that are designated by the Company as entitling the Record Holder thereof the right to vote on any matter submitted for consent or approval of the Members under the terms of this Agreement.