Decisions by Members Sample Clauses

Decisions by Members. Whenever in this Agreement reference is made to the decision, consent, approval, judgment, or action of the Members, unless otherwise expressly provided in this Agreement, such decision, consent, approval, judgment, or action shall mean a Majority of the Members.
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Decisions by Members. Whenever in this Agreement reference is made to the decision, consent, approval, judgment, or action of the Members, unless otherwise expressly provided in this Agreement, such decision, consent, approval, judgment, or action shall mean a Majority of the Members. Withdrawal by a Member. A Member has no power to withdraw from the Company, except as otherwise provided in Section 8. SALARIES, REIMBURSEMENT, AND PAYMENT OF EXPENSES Organization Expenses. All expenses incurred in connection with organization of the Company will be paid by the Company.
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Decisions by Members. (a) The Members hereby delegate all of their authority for management and the right to vote on affairs of the Company, as contained in the LLC Law, to the Manager, except that the Manager shall not have the authority to engage in the following prohibited actions, without the unanimous vote or Consent of the Members:
Sample 1
Decisions by Members. Section 8.1 Decisions by Members ............................................9 Section 8.2 Member Meetings .................................................9 ARTICLE IX REGULATORY APPROVALS; RELATED AGREEMENTS
Sample 1
Decisions by Members. Whenever in this Agreement reference is made to the decision, consent, approval, judgment, or action of the Members, unless otherwise expressly provided in this Agreement, such decision, consent, approval, judgment, or action shall mean an affirmative vote of a Seventy Five percent (75%) majority of the Unit Votes for Units held by Members.
Sample 1
Decisions by Members. Whenever in this agreement reference is made to the decision, consent, approval, judgment, or action of the members, unless otherwise expressly provided in this agreement, such decision, consent, approval, judgment, or action shall be conducted per item 6, 6A, and 6B, above.
Sample 1

Related to Decisions by Members

  • Transfers by Members No holder of Units shall Transfer any interest in any Units, except Transfers (a) pursuant to and in accordance with Sections 10.02 and 10.09 or (b) approved in advance and in writing by the Manager, in the case of Transfers by any Member other than the Manager, or (c) in the case of Transfers by the Manager, to any Person who succeeds to the Manager in accordance with Section 6.04. Notwithstanding the foregoing, “Transfer” shall not include (i) an event that terminates the existence of a Member for income tax purposes (including, without limitation, a change in entity classification of a Member under Treasury Regulations Section 301.7701-3, a sale of assets by, or liquidation of, a Member pursuant to an election under Code Sections 336 or 338, or merger, severance, or allocation within a trust or among sub-trusts of a trust that is a Member), but that does not terminate the existence of such Member under applicable state Law (or, in the case of a trust that is a Member, does not terminate the trusteeship of the fiduciaries under such trust with respect to all the Units of such trust that is a Member) or (ii) any indirect Transfer of Units held by the Manager by virtue of any Transfer of Equity Securities in the Corporation.

  • MANAGEMENT BY MEMBERS Management of the Company shall be vested in its members. The members shall have the exclusive right, power and authority to manage and operate the business and affairs of the Company and to authorize any act or transaction on behalf of the Company. The members may from time to time appoint and delegate authority to act on behalf of the Company to such officers as the members deem appropriate. Any deed, agreement or other instrument, whether or not for apparently carrying on in the usual way the business or affairs of the Company, shall be binding on the Company and may be relied upon by any person or entity which is supplied with such executed deed, agreement or other instrument, if the same is executed on behalf of the Company by a member.

  • New Members No person may be admitted as a member of the Company without the approval of the Member.

  • Communications by Holders with Other Holders Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the Notes. The Issuer, the Guarantors, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c).

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