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 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. Any act or contract that shall be approved or be ratified by a majority of the 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 5 contracts

Samples: Operating Agreement (GolfSuites 1, Inc.), Operating Agreement (GolfSuites 1, Inc.), Operating Agreement (GolfSuites 1, 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 ratification 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. Any , 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 Managers 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 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 4 contracts

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

Approval or Ratification of Acts or Contracts by Members. The Managers Any Director in their his discretion may submit any act or contract for approval or ratification at any annual meeting of the MembersBoard, or at and any special meeting of the Members called for the purpose of considering any such act or contract. Any act or contract that shall be approved or be ratified by a majority of the Managers Board 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 4 contracts

Samples: Operating Agreement (Officemax Inc), Operating Agreement (Officemax Inc), Operating Agreement (Officemax Inc)

Approval or Ratification of Acts or Contracts by Members. The Managers Any Director in their its discretion may submit any act or contract for approval or ratification at any annual meeting of the MembersBoard, or at and any special meeting of the Members called for the purpose of considering any such act or contract. Any act or contract that shall be approved or be ratified by a majority of the Managers Board 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 (Boise Cascade Holdings, L.L.C.), Operating Agreement (Boise Cascade Holdings, L.L.C.), Operating Agreement (Officemax Inc)

Approval or Ratification of Acts or Contracts by Members. The Managers in their discretion may submit any act or contract for approval or 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. Any , and any act or contract that shall be approved or be ratified by a majority of the Managers 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 Managers, in their discretion sole discretion, may submit any act or contract for approval or 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. Any , and any act or contract that shall be approved or be ratified by a majority of the Managers 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)

Approval or Ratification of Acts or Contracts by Members. The Managers in their discretion may submit any act or contract for approval or 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. Any , and any act or contract that shall be approved or be ratified by a majority of the Managers 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 Any Manager in their its discretion may submit any act or contract for approval or ratification at any annual meeting of the MembersBoard, or at and any special meeting of the Members called for the purpose of considering any such act or contract. Any act or contract that shall be approved or be ratified by a majority of the Managers Board shall be as valid and as binding upon the Company LLC and upon all the Members as if it shall have been approved or ratified by every Member of the CompanyLLC.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Prestige Brands International, Inc.), Limited Liability Company Agreement (Prestige Brands International, Inc.)

Approval or Ratification of Acts or Contracts by Members. The Managers in their discretion may submit any act or contract for approval or 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. Any , and any act or contract that shall be approved or be ratified by Members holding a majority of the Managers 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)

Approval or Ratification of Acts or Contracts by Members. The Managers Board of Managers, in their discretion its sole discretion, may submit any act or contract for approval or ratification at any annual meeting of the Members, Members or at any special meeting of the Members called for the purpose of considering any such act or contract. Any act or contract that shall be approved or be ratified by a majority of the 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: Operating Agreement (Asta Funding Inc)

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Approval or Ratification of Acts or Contracts by Members. The Managers in their reasonable discretion may submit any act or contract for approval or 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. Any Except as otherwise provided in this Agreement, any act or contract that shall be approved or be ratified by a majority no less than sixty-seven percent (67%) of the 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: Company Agreement

Approval or Ratification of Acts or Contracts by Members. The Managers in their discretion may submit any act or contract for approval or 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. Any act or contract that shall be approved or be ratified by a majority of the 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: Company Agreement (Green America Recycling, LLC)

Approval or Ratification of Acts or Contracts by Members. The Managers in their discretion may submit any act or contract for approval or 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. Any , or, alternatively the Managers may be required by law to submit an act or contract to the Members for their approval; in either situation any act or contract that shall be approved or be ratified by a majority in interest of the Managers Members of 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 Manager in their its discretion may submit any act or contract for approval or ratification at of 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. Any , and any act or contract that shall be approved or be ratified by a majority of the Managers 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 1 contract

Samples: Operating Agreement (Interhealth Facility Transport, Inc.)

Approval or Ratification of Acts or Contracts by Members. The Managers in their discretion may submit any act or contract for approval or 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. Any act or contract that shall be approved or be ratified by a majority of the 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: Operating Agreement (Mobile Medic Ambulance Service Inc)

Approval or Ratification of Acts or Contracts by Members. The Managers in their discretion may submit any act or contract for approval or 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. Any , and any act or contract that shall be approved or be ratified by a majority of the Managers Majority 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 1 contract

Samples: Company Agreement (Hall Structured Finance II, LLC)

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