Common use of Approval or Ratification of Acts or Contracts by Members Clause in Contracts

Approval or Ratification of Acts or Contracts by Members. The Managers, in their discretion, may submit any act or contract for approval or certification at any annual meeting of the Members, or at any special meeting of the Members called for the purpose of considering any such act or contract, and subject to the provisions of Section 4.1(a), any act or contract that shall be approved or ratified by the holders of a majority of the Units entitled to vote thereon or such greater percentage as may be provided by any other applicable provision of this Agreement shall be as valid and binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (MDC Partners Inc), Limited Liability Company Agreement (MDC Partners Inc), Limited Liability Company Agreement (MDC Partners Inc)

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Approval or Ratification of Acts or Contracts by Members. The Managers, Managers in their discretion, discretion may submit any act or contract for approval or certification ratification at any annual meeting of the Members, or at any special meeting of the Members called for the purpose of considering any such act or contract, and subject to the provisions of Section 4.1(a), any . Any act or contract that shall be approved or be ratified by the holders of a majority of the Units entitled to vote thereon or such greater percentage as may be provided by any other applicable provision of this Agreement Managers shall be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.

Appears in 3 contracts

Samples: Operating Agreement (GolfSuites 1, Inc.), Company Agreement (Deeproot Growth Runs Deep Fund, LLC), Company Agreement (River Medical Inc)

Approval or Ratification of Acts or Contracts by Members. The Managers, Managers in their discretion, discretion may submit any act or contract for approval or certification ratification at any annual meeting of the Members, or at any special meeting of the Members called for the purpose of considering any such act or contract, and subject to the provisions of Section 4.1(a), any act or contract that shall be approved or be ratified by the holders of a majority of the Units entitled to vote thereon or such greater percentage as may be provided by any other applicable provision of this Agreement Required Interest shall be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Kaiser Texas Sierra Micromills LLC), Limited Liability Company Agreement (Kaiser Texas Sierra Micromills LLC)

Approval or Ratification of Acts or Contracts by Members. The Managers, Managers in their discretion, discretion may submit any act or contract for approval or certification ratification at any annual meeting of the Members, or at any special meeting of the Members called for the purpose of considering any such act or contract, and subject to the provisions of Section 4.1(a), any act or contract that shall be approved or be ratified by the holders of a majority of the Units entitled to vote thereon or such greater percentage as may be provided by any other applicable provision of this Agreement Required Interest shall be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Ashton Houston Residential L.L.C.), Operating Agreement (Navtrans International Freight Forwarding Inc)

Approval or Ratification of Acts or Contracts by Members. The Managers, in their sole discretion, may submit any act or contract for approval or certification ratification at any annual meeting of the Members, or at any special meeting of the Members called for the purpose of considering any such act or contract, and subject to the provisions of Section 4.1(a), any act or contract that shall be approved or be ratified by the holders of a majority of the Units entitled to vote thereon or such greater percentage as may be provided by any other applicable provision of this Agreement Required Interest shall be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Internet Capital Group Inc), Limited Liability Company Agreement (Internet Capital Group Inc)

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Approval or Ratification of Acts or Contracts by Members. The Managers, Managers in their discretion, discretion may submit any act or contract for approval or certification ratification at any annual meeting of the Members, or at any special meeting of the Members called for the purpose of considering any such act or contract, and subject or, alternatively the Managers may be required by law to submit an act or contract to the provisions of Section 4.1(a), Members for their approval; in either situation any act or contract that shall be approved or be ratified by the holders of a majority in interest of the Units entitled to vote thereon or such greater percentage as may be provided by any other applicable provision Members of this Agreement the Company shall be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Viking International Resources Co., Inc.)

Approval or Ratification of Acts or Contracts by Members. The Managers, Managers in their discretion, reasonable discretion may submit any act or contract for approval or certification ratification at any annual meeting of the Members, or at any special meeting of the Members called for the purpose of considering any such act or contract, and subject to the provisions of Section 4.1(a). Except as otherwise provided in this Agreement, any act or contract that shall be approved or ratified by the holders of a majority no less than sixty-seven percent (67%) of the Units entitled to vote thereon or such greater percentage as may be provided by any other applicable provision of this Agreement Managers shall be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.

Appears in 1 contract

Samples: s3.amazonaws.com

Approval or Ratification of Acts or Contracts by Members. The Managers, Managers in their discretion, discretion may submit any act or contract for approval or certification ratification at any annual meeting of the Members, or at any special meeting of the Members called for the purpose of considering any such act or contract, and subject to the provisions of Section 4.1(a), any act or contract that shall be approved or be ratified by the holders of Members holding a majority of the Units entitled to vote thereon or such greater percentage as may be provided by any other applicable provision of this Agreement votes shall be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.

Appears in 1 contract

Samples: Operating Agreement (Continental Southern Resources Inc)

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