Common use of Approval Rights Clause in Contracts

Approval Rights. Actions which require the unanimous approval of the Members will include: (i) Approval of the Capital and Operating Budgets; (ii) Liquidation and/or dissolution of the Company; (iii) Replacement or removal of the Managing Member; (iv) Admission of a new Member; (v) Any additional mandatory capital contribution; (vi) Expulsion of any Member; (vii) Merger or consolidation with another person; (viii) Authorization for any transaction, agreement or action unrelated to the Company's purpose as set forth in the Articles of Organization, that otherwise contravenes this Agreement; (ix) Any amendment to this Agreement.

Approval Rights. Actions which require the unanimous approval of the Members will include: (i) Approval of the Capital and Operating Budgets; (ii) Liquidation and/or dissolution of the Company; (iii) Replacement or removal of the Sole Member and Managing Member; (iv) Admission of a new Member; (v) Any additional mandatory capital contribution; (vi) Expulsion of any Member; (vii) Merger or consolidation with another person; (viii) Authorization for any transaction, agreement or action unrelated to the Company's purpose as set forth in the Articles of Organization, that otherwise contravenes this Agreement; (ix) Any amendment to this Agreement.

Approval Rights. Actions which require the unanimous approval of the Members will include: (i) Approval of the Capital and Operating Budgets; (ii) Liquidation and/or dissolution of the Company; (iii) Replacement or removal of the Sole Member and Managing Member; (iv) Admission of a new Member; (v) Any additional mandatory capital contribution; (vi) Expulsion of any Member; (vii) Merger or consolidation with another person; (viii) Authorization for any transaction, agreement or action unrelated to the Company's ’s purpose as set forth in the Articles of Organization, that otherwise contravenes this Agreement; (ix) Any amendment to this Agreement.