Common use of Action by Consent of Members Clause in Contracts

Action by Consent of Members. Notwithstanding any provision contained in this Article VIII, any action that may be taken at a meeting of the Members may be taken without a meeting if a written consent setting forth such action is signed by the Members holding not less than the minimum percentage of the Membership Interests that would be necessary to authorize or take such action at a meeting at which all of the Members entitled to vote on such matter were present and voted.

Appears in 14 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC)

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Action by Consent of Members. Notwithstanding any provision contained in this Article VIII, any Any action that may be taken at a meeting of the Members may be taken without a meeting if a written consent an approval in writing setting forth such action is signed by the Members holding not less than the minimum percentage of the Membership Interests that would be necessary to authorize or take such action at a meeting at which all of the Members entitled to vote on such matter were present and voted.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Sunoco Logistics Partners L.P.), Limited Liability Company Agreement (American Midstream Partners, LP), Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.)

Action by Consent of Members. Notwithstanding any provision contained in this Article VIII, any Any action that may be taken at a meeting of the Members may be taken without a meeting if a written consent an approval in writing setting forth such action is signed by the Members holding not less than the minimum percentage of the Membership Interests Sharing Ratios that would be necessary to authorize or take such action at a meeting at which all of the Members entitled to vote on such matter were present and voted.

Appears in 5 contracts

Samples: Exchange and Redemption Agreement, Exchange and Redemption Agreement, Limited Liability Company Agreement (Sunoco Logistics Partners L.P.)

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Action by Consent of Members. Notwithstanding any provision contained in this Article VIII, any Any action that may be taken at a meeting of the Members may be taken without a meeting if a written consent an approval in writing setting forth such action is signed by the Members holding having not less than the minimum percentage number of the Membership Interests votes that would be necessary to authorize or take such action at a meeting at which all of the Members Units entitled to vote on such matter thereon were present and votedvoting. Following any such approval in writing, written notice thereof setting forth such action shall be provided to all of the Members.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Oxford Resource Partners LP), Limited Liability Company Agreement (Oxford Resource Partners LP), Limited Liability Company Agreement (Oxford Resource Partners LP)

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