Common use of Acts of Members Clause in Contracts

Acts of Members. Except as specifically otherwise provided in this Agreement, whenever by the terms of this Agreement, the Articles or by law the vote, consent, approval, election or other action of the Members is required or permitted, the affirmative vote, consent, approval, election or other action of the Members holding a Majority of the Percentage Interests shall be the act of the Members. “Majority of the Percentage Interests” means Percentage Interests representing more than 50% of the Percentage Interests then held by all Members.

Acts of Members. Except as specifically otherwise provided in this Agreement, whenever by the terms of this Agreement, the Articles or by law the vote, consent, approval, election or other action of the Members is required or permitted, the affirmative vote, consent, approval, election or other action of the Members holding a Majority of the Percentage Interests shall be the act of the Members. “"Majority of the Percentage Interests” " means Percentage Interests representing more than 50% of the Percentage Interests then held by all Members.