Consent or Voting. (a) All voting shall be based on the aggregate number of Voting Shares outstanding and not the number of holders of such Shares. (b) In the event that the consent or vote of the holders of Voting Shares shall be required for any action hereunder and no specific proportion is stated herein, the affirmative vote of holders of more than fifty percent (50%) of the total Voting Shares outstanding shall be required for such action.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (IBG Holdings LLC), Limited Liability Company Agreement (Interactive Brokers Group, Inc.), Limited Liability Company Agreement (Interactive Brokers Group, Inc.)
Consent or Voting. (a) All voting shall be based on the aggregate number of Voting Shares outstanding and not the number of holders of such SharesMembers.
(b) In the event that the consent or vote of the holders of Voting Shares Members shall be required for any action hereunder and no specific proportion is stated herein, the affirmative vote of holders of the Members holding more than fifty percent (50%) of the total Voting number of Shares outstanding shall be required for such action. Where a consent or vote of a specified percentage of Members or Interests is required, the affirmative vote of Members holding at least such specified percentage of the total number of Shares outstanding shall be required.
Appears in 2 contracts
Samples: Operating Agreement (Interactive Brokers Group, Inc.), Operating Agreement (Interactive Brokers Group, Inc.)
