Common use of No Voting Clause in Contracts

No Voting. Except as otherwise provided in this Section 3.4.3(b), if the Management Committee exercises any of the remedies set forth in paragraphs (d) or (e) of Section 3.4.2, the Defaulting Member (directly or through the Directors appointed by it) will lose its voting and approval rights under the Act and this Agreement (unless the Defaulting Member cures the default and the non-Defaulting Member permits such cure). Notwithstanding the foregoing, the Directors appointed by the Defaulting Member will retain their veto rights (to the extent such veto rights were continuing prior to the exercise of such remedy) with respect to the matters described in Sections 5.1.4(b) and Section 5.1.4(c). No reduction in a Member's Membership Interest, pursuant to Section 3.4.2