Exercise of Certain Rights. Except for rights in this Agreement, no Member may maintain any action for partition of the property of the Company. The Members agree not to maintain any action for dissolution and liquidation of the Company pursuant to Section 18-802 of the Act or any similar applicable statutory or common law dissolution right without the consent of (x) the Managing Member and (y) the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) of the issued and outstanding Class B Units.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Vine Energy Inc.), Limited Liability Company Agreement (Vine Energy Inc.), Limited Liability Company Agreement (Vine Resources Inc.)
Exercise of Certain Rights. Except for rights expressly provided in this Agreement, no Member may maintain any action for partition of the property of the Company. The Members agree not to maintain any action for dissolution and liquidation of the Company pursuant to Section 18-802 of the Act or any similar applicable statutory or common law dissolution right without the consent of (x) the Managing Member and (y) the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) of the issued and outstanding Class B UnitsMajority Consent.
Appears in 3 contracts
Samples: Shareholders Agreement, Limited Liability Company Agreement (Sanchez Energy Corp), Production Marketing Agreement (Sanchez Energy Corp)
Exercise of Certain Rights. Except for rights in this Agreement, no Member may maintain any action for partition of the property of the Company. The Members agree not to maintain any action for dissolution and liquidation of the Company pursuant to Section section 18-802 of the Act or any similar applicable statutory or common law dissolution right without the unanimous consent of (x) the Managing Member and (y) the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) of the issued and outstanding Class B UnitsMembers.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (SilverSun Technologies, Inc.), Limited Liability Company Agreement (SilverSun Technologies, Inc.)
Exercise of Certain Rights. Except for rights expressly provided in this Agreement, no Member may maintain any action for partition of the property of the Company. The Members agree not to No Member may maintain any action for dissolution and liquidation of the Company pursuant to Section 18-802 of the Act or any similar applicable statutory or common law dissolution right without the consent of (x) the Managing Member and (y) the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) approval of the issued and outstanding Class B UnitsManagement Committee with Required Consent.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Exercise of Certain Rights. Except for rights expressly provided in this Agreement, no Member may maintain any action for partition of the property of the Company. The Members agree not to maintain any action for dissolution and liquidation of the Company pursuant to Section 18-802 of the Act or any similar applicable statutory or common law dissolution right without the consent approval of (x) the Managing Member and (y) the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) representing a majority of the issued Class A Units and outstanding Class B Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Finance of America Companies Inc.)
Exercise of Certain Rights. Except for rights expressly provided in this Agreement, no Member may maintain any action for partition of the property of the Company. The Members agree not to maintain any action for dissolution and liquidation of the Company pursuant to Section 18-802 of the Act or any similar applicable statutory or common law dissolution right without the consent of (x) the Managing Member and (y) the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) approval of the issued and outstanding Class B UnitsBoard, in accordance herewith.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NextDecade Corp.)
Exercise of Certain Rights. Except for rights in this Agreement, no No Member may will have any right to maintain any action for partition of the property of the Company. The Members agree not to maintain any action for dissolution and liquidation of the Company pursuant to under Section 18-802 of the Act or any similar applicable statutory or common law dissolution right without approval by the consent of (x) the Managing Member and (y) the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) of the issued and outstanding Class B UnitsApplicable Members.
Appears in 1 contract
