Approval of Members. The following matters shall require Requisite Member Approval (provided that an explicit approval of such matter in the Approved Budget or related Member resolution shall constitute a Requisite Member Approval if such approval is explicitly identified as a Requisite Member Approval):
Approval of Members. Whenever any vote or consent of the Members shall be required pursuant to this Agreement, such vote or consent shall require the unanimous agreement of all of the Members.
Approval of Members. Manager shall submit to the Members in writing for their approval each act, item or decision with respect to which Manager is required to obtain the approval of the Members pursuant to the terms of this Agreement, including each act, item or decision described in Section 4.4. Except where a different time period is established elsewhere in this Agreement, each Member shall then have a period of ten (10) business days from the date upon which it receives (or is deemed to have received) such written notice in which to approve or disapprove the act, item or decision in question. In the event that a Member fails to notify Manager of its approval or disapproval of the act, item or decision in question within the time period set forth in the preceding sentence, and such notice is not received for two (2) business days following receipt (or refusal of service) by such Member of an additional notice, such Member shall be deemed to have approved such act, item or decision. Notwithstanding the foregoing, however, in the event of any emergency posing an imminent threat to persons or property, Manager shall be required to provide only such notice as is practical under the circumstances before taking such action as Manager reasonably believes to be necessary in order to remove such imminent threat. Furthermore, all matters approved or provided for in the Development Plan or an Approved Annual Plan shall be deemed to have been approved by the Members. 23 ARTICLE V
Approval of Members. Except as otherwise expressly provided in this Agreement, the Members shall have no voting or approval rights, and all actions may be taken by the Manager in accordance with this Agreement without any further consent or approval of the Members.
Approval of Members. Notwithstanding any contrary provision of this Operating Agreement, the Manager(s) shall not take any of the following actions without first obtaining the written approval by (a) the Manager(s) and (b) by Members holding at least two-thirds (2/3) of the Units in the Company:
Approval of Members. Each new Member must, (i) be a member, or subscriber affiliate of LeadingAge Texas in good standing, and (ii) be accepted by the Company as a Member.
Approval of Members. No manager has authority to do any of the following without the unanimous written consent of the members:
Approval of Members. All of the Members (as such term is defined in the Operating Agreement) of the Company, hereby consent to and approve the amendments to the Operating Agreement set forth in Section 1 hereof, and hereby authorize and direct the Company to execute this Amendment and deliver this Amendment on behalf of the Company.
Approval of Members. On or before the expiration of the Inspection Period, Seller shall provie evidence in writing of approval of the member(s) of Seller, in a form satisfactory to Buyer, to the sale of the Property to Buyer, and before the expiration of the Inspection Period Seller shall establish that Seller has the power and authority to consummate the sael of the Propery to Buyer. Upon expiration of the Inspection Period, the Xxxxxxx Money shall become nonrefundable (except for a Refundable Event). The provisions of this Section shall survive the termination of this Agreement. If any Buyer Contingency has not been satisfied on or before the specific date contained in such Buyer Contingency, or the Closing Date if no date is specified, then Buyer may, for any reason, at its option, cancel this Agreement by written notice to Seller in which case this Agreement shall become null and void. Upon termination, any Xxxxxxx Money that is still refundable shall be released to Buyer and upon return, neither party will have any further rights or obligations regarding this Agreement or the Property, except for those obligations that, by their terms, survive the termination of this Agreement. All the Buyer Contingencies are specifically for the benefit of the Buyer, and the Buyer shall have the right to waive any Buyer Contingency by written notice to Seller.
Approval of Members a) Founding Members who are signatories to this Agreement as of January 1, 1993, must have submitted an application to the Administrator. Upon approval of an applicant, the Administrator must certify in writing that the successful applicant has satisfied all the admission criteria. The effective date for admission of all Founding Members shall be January 1, 1993.
