Common use of Binding Act Clause in Contracts

Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereof. With respect to any matter before the Board, the act of a majority of the Managers constituting a quorum shall be the act of the Board.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (ATN International, Inc.), Limited Liability Company Agreement (Good Hemp, Inc.), Operating Agreement (Agrify Corp)

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Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereof. With respect to any matter before the Board, the act of a majority of the Managers constituting a quorum shall be the act of the Board. Each Manager may bind the Company only to the extent that such action has been approved by the Board and/or the Member in accordance with this Agreement.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereof, except as otherwise provided for in Section 8.02(a)(i). With respect to any matter before the BoardBoard except for Material Decisions, the act of a majority of the Managers constituting a quorum shall be the act of the Board.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ascend Wellness Holdings, LLC), Limited Liability Company Agreement (Ascend Wellness Holdings, LLC)

Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereof. With respect to any matter before the Board, the act consent of a majority of the Managers constituting a quorum shall be required to bind the act of the BoardCompany.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Great Elm Capital Corp.), Limited Liability Company Agreement (Great Elm Capital Corp.)

Binding Act. Each Manager Director shall have one vote on all matters submitted to the Board or any committee thereofBoard. With respect to any matter before the Board, the act of a majority of the Managers Directors constituting a quorum shall be the act of the Board.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (TELUS International (Cda) Inc.), Stock Purchase Agreement (TELUS International (Cda) Inc.)

Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereof. With respect to any matter before the Board, the act of a majority at least eighty percent (80%) of the Managers constituting a quorum serving on the Board shall be the act of the Board.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC)

Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereof. With Subject to Section 8.10, with respect to any matter before the Board, the act of a majority of the Managers constituting a quorum shall be the act of the Board.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereof. With respect to any matter before the Board, the act of a at least a majority of the Managers constituting a quorum serving on the Board shall be the act of the Board. With respect to any matter before a committee, the act of a at least a majority of the Managers serving on such committee shall be the act of the committee.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Shepherd's Finance, LLC)

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Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereof. With respect to any matter before the Board, the act of a majority of the Managers constituting a quorum shall be the act of the Board.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TWO RIVERS WATER & FARMING Co)

Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereofManagers. With respect to any matter before the BoardManagers, the unanimous act of a majority of the Managers constituting a quorum shall be the act of the BoardManagers.

Appears in 1 contract

Samples: Operating Agreement (Atlanticus Holdings Corp)

Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereofBoard. With respect to any matter before the Board, the act of a majority of the Managers constituting a quorum shall be the act of the Board; provided, however, that, notwithstanding the foregoing, no matter before the Board shall become the act of the Board unless at least one (1) Tecogen Manager and one (1) Tedom Sub Manager shall have voted in favor of such matter.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tecogen Inc.)

Binding Act. Each Manager shall have one (1) vote on all matters submitted to the Board or any committee thereof. With respect to any matter before the Board, the act of a majority of the Managers constituting a quorum shall be the act of the Board.

Appears in 1 contract

Samples: Operating Agreement (Verb Technology Company, Inc.)

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