Common use of Class A Member Voting Rights Clause in Contracts

Class A Member Voting Rights. A Class A Member is entitled to one (1) vote for each Class A Unit held by the Member. Cumulative voting of the votes for Class A Units is not permitted. A Member of any other Class will be entitled to any additional voting rights as may be stipulated in the designations governing other Classes of Units held.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Blackhawk Biofuels, LLC)

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Class A Member Voting Rights. A Class A Member is entitled to one (1) vote for each Class A Unit held by the Member; provided, however, that a Class A Member’s number of votes is at all times capped at five percent (5%) of the outstanding Class A Units. Cumulative voting of the votes for Class A Units is not permitted. A Member of any other Class will be entitled to any additional voting rights as may be stipulated in the designations governing other Classes of Units held.. Ozark Ethanol, LLC Limited Liability Company Agreement

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ozark Ethanol LLC)

Class A Member Voting Rights. A Class A Member is entitled to one (1) vote plus one (1) additional vote for each ten thousand (10,000) Class A Unit Units held by the Member. For example, a Class A Member with 10,000 Class A Units would be entitled to two (2) votes. Cumulative voting of the votes for Class A Units is not permitted. A Member of any other Class will be entitled to any additional voting rights as may be stipulated in the designations governing other Classes of Units held.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Illini Bio-Energy, LLC)

Class A Member Voting Rights. A Class A Member is entitled to one (1) vote for each Class A Unit held by the Member; provided, however, that a Class A Member’s number of votes is at all times capped at two percent (2%) of the outstanding Class A Units. Cumulative voting of the votes for Class A Units is not permitted. A Member of any other Class will be entitled to any additional voting rights as may be stipulated in the designations governing other Classes of Units held.

Appears in 1 contract

Samples: Operating Agreement (Bootheel Agri-Energy LLC)

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Class A Member Voting Rights. A Class A Member is entitled to one (1) vote for each Class A Unit held by registered in the Membername of such Member as shown in the Unit Ledger. Cumulative voting of the votes for Class A Units is not permitted. A Member of any other Class will be entitled to any additional voting rights as may be stipulated in the designations governing other Classes of Units held.. (b)

Appears in 1 contract

Samples: Limited Liability Company Agreement (Illini Bio-Energy, LLC)

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