Common use of Consent to Revocation Clause in Contracts

Consent to Revocation. No Member may sign a consent to the revocation of the Company’s election to be taxed as an S corporation for federal income tax purposes unless Members holding at least seventy­ five percent (75%) of the ownership interests consent to the revocation.

Appears in 1 contract

Samples: Operating Agreement

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Consent to Revocation. No Member member may sign a consent to the revocation of the Companycompany’s election to be taxed as an S corporation for federal income tax purposes unless Members members holding at least seventy­ five percent (75%) % of the ownership interests shares consent to the revocation.

Appears in 1 contract

Samples: Operating Agreement

Consent to Revocation. No Member member may sign a consent to the revocation of the Companycompany’s election to be taxed as an S corporation for federal income tax purposes unless Members members holding at least seventy­ five percent (75%) % of the ownership interests shares consent to the revocation.. 27 Xxxxx Xxxxx Law- Not to be used without legal representation

Appears in 1 contract

Samples: Investor Operating Agreement

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Consent to Revocation. No Member member may sign a consent to the revocation of the Companycompany’s election to be taxed as an S corporation for federal income tax purposes unless Members members holding at least seventy­ five percent (75%) % of the ownership interests shares consent to the revocation.

Appears in 1 contract

Samples: Investor Operating Agreement

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