Common use of Action by Members Clause in Contracts

Action by Members. Except as otherwise expressly provided in this Agreement, [i] all actions requiring the approval of the Members will be deemed approved if Members owning more than 50% of the outstanding Units as of the record date for the meeting or written consent Vote in favor of approval, [ii] all Units will vote together as a single voting group, and [iii] each Unit will have one vote.

Action by Members. Except as otherwise expressly provided in this Agreement, [(i] ) all actions requiring the approval of the Members will shall be deemed approved if Members owning more than 50% of the outstanding Units (or if the action requires the approval of a class of Members, by more than 50% of the outstanding Units in such class) as of the record date for the meeting or written consent Vote in favor of approval, [(ii] ) all Units will shall vote together as a single voting group, without distinction as to class, and [(iii] ) each Unit will shall have one vote.