Common use of Action by Consent of Members Clause in Contracts

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this Agreement, all decisions of the Members shall require the affirmative vote of the Members owning a majority of Sharing Ratios present at a meeting at which a quorum is present in accordance with Section 3.8. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such action taken in lieu of a meeting.

Appears in 14 contracts

Samples: Limited Liability Company Agreement (Andeavor Logistics Lp), Limited Liability Company Agreement (Tesoro Logistics Lp), Limited Liability Company Agreement

AutoNDA by SimpleDocs

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this Agreement, all decisions of the Members shall require the affirmative vote of the Members owning representing a majority of Sharing Ratios Majority Interest present at a meeting at which a quorum is present in accordance with Section 3.8. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such action taken in lieu of a meeting.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this AgreementLaw, all decisions of the Members shall require the affirmative vote of the Members owning a majority of Sharing Ratios present at a meeting at which a quorum is present in accordance with Section 3.83.09. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such action taken in lieu of a meeting.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (SemGroup Energy Partners, L.P.), Limited Liability Company Agreement (Quest Energy Partners, L.P.), Limited Liability Company Agreement (Quest Energy Partners, L.P.)

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this Agreement, all decisions of the Members shall require the affirmative vote of the Members owning a majority of Sharing Membership Ratios present at a meeting at which a quorum is present in accordance with Section 3.8. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Membership Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such action taken in lieu of a meeting.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Marlin Midstream Partners, LP), Limited Liability Company Agreement (Cypress Energy Partners, L.P.)

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this AgreementLaw, all decisions of the Members shall require the affirmative vote of the Members owning a majority of Sharing Ratios present at a meeting at which a quorum quorum, as described in Section 3.09, is present in accordance with Section 3.8present. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such Members action taken in lieu of a meeting.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Magellan Midstream Holdings Lp), Limited Liability Company Agreement (Magellan Midstream Partners Lp), Limited Liability Company Agreement (Magellan Midstream Partners Lp)

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this Agreement, all decisions of the Members shall require the affirmative vote of the Members owning a majority of Sharing Ratios present at a meeting at which a quorum is present in accordance with Section 3.8. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent consented in writing or by electronic transmission with respect to any such action taken in lieu of a meeting.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (CSI Compressco LP), Limited Liability Company Agreement (USA Compression Partners, LP), Limited Liability Company Agreement (USA Compression Partners, LP)

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this AgreementLaw, all decisions of the Members shall require the affirmative vote of the Members owning a majority of Sharing Ratios present at a meeting at which a quorum is present in accordance with Section 3.83.9. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such action taken in lieu of a meeting.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Universal Compression Partners, L.P.), Limited Liability Company Agreement (Universal Compression Partners, L.P.)

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this AgreementLaw, all decisions of the Members shall require the affirmative vote of the Members Common Unitholders owning a majority of Sharing Ratios held by all Common Unitholders present at a meeting at which a quorum is present in accordance with Section 3.83.10. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such action taken in lieu of a meeting.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Blueknight Energy Holding, Inc.), Limited Liability Company Agreement (CB-Blueknight, LLC)

AutoNDA by SimpleDocs

Action by Consent of Members. Except as otherwise required by Applicable Law applicable law or otherwise provided in this Agreement, all decisions of the Members shall require the affirmative vote of the Members owning a majority of Sharing Ratios present at a meeting at which a quorum is present in accordance with Section 3.8. To the extent permitted by Applicable Lawapplicable law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such action taken in lieu of a meeting.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Delek Logistics Partners, LP), Limited Liability Company Agreement (Delek Logistics Partners, LP)

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this AgreementLaw, all decisions of the Members shall require the affirmative vote of the Members owning a majority of Sharing Ratios present at a meeting at which a quorum is present in accordance with Section 3.83.09. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such action taken in lieu of a meeting.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Magellan Midstream Holdings Lp), Limited Liability Company Agreement (Regency Energy Partners LP)

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this AgreementLaw, all decisions of the Members shall require the affirmative vote of the Members owning a majority of Sharing Ratios present at a meeting at which a quorum is present in accordance with Section 3.83.9. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such action taken in lieu of a meeting.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Regency Energy Partners LP)

Action by Consent of Members. Except as otherwise required by Applicable Law or otherwise provided in this AgreementLaw, all decisions of the Members shall require the affirmative vote of the Members owning a majority of Sharing Ratios present at a meeting at which a quorum is present in accordance with Section 3.8. To the extent permitted by Applicable Law, the Members may act without a meeting and without notice so long as the number of Members who own the percentage of Sharing Ratios that would be required to take such action at a duly held meeting shall have executed a written consent with respect to any such action taken in lieu of a meeting.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Western Gas Partners LP)

Time is Money Join Law Insider Premium to draft better contracts faster.